Trump Says He Might Have to Sell Properties to Pay $454 Million Judgment

In a filing with the appeals court, Mr. Trump’s lawyers also asked to delay a wide range of other punishments that the trial judge in the fraud case, Arthur F. Engoron, levied in a decision this month. They include a prohibition on obtaining a loan from a New York bank for three years and a ban on running a company in the state during that same period.

https://www.nytimes.com/2024/02/28/nyregion/trump-bond-civil-fraud.html

Trump is like Al Capone. Brought down on financial fraud.
 
ThatOwlWoman said:
Good. Damn, would YOU? I bet most of his properties are mortgaged to the hilt. Hard to use them as collateral.
Click to expand...
That was made public when trump was still in office. Which is why he needed classified documents to sell to the Saudis and anyone else with cash.

I'm guessing he hits up his son in law for some of that $2 billion the Saudis handed him.
 
Althea said:
That was made public when trump was still in office. Which is why he needed classified documents to sell to the Saudis and anyone else with cash.

I'm guessing he hits up his son in law for some of that $2 billion the Saudis handed him.
Click to expand...

Yeah but HUNTER! lol
 
T. A. Gardner said:
And, what happens if on appeal, NY state loses and the judge(s) orders that Trump has his money returned? Will he get those properties back? Will James or Engeron be held libel in the least for their actions?

This part isn't about Trump. When our justice system and the process of being brought to court becomes the punishment, there is a problem with our justice system, and that problem is huge.
Click to expand...

Tough fucking shit, not NY's problem and he won't win an appeal. Appeals are for those wrongly convicted, this case is open and shut. trump tells you he is appealing as though it may be reversed because he knows you are an ignorant shithead and will buy it, it won't be and he will end up paying.

Donald Trump on Wednesday lost a bid to pause a $454.2 million civil fraud judgment against him for overstating his net worth and real estate values to dupe lenders, meaning he must soon find the cash or post a bond to prevent New York authorities from seizing his property while he appeals.
Click to expand...
 
T. A. Gardner said:
And, what happens if on appeal, NY state loses and the judge(s) orders that Trump has his money returned? Will he get those properties back? Will James or Engeron be held libel in the least for their actions?

This part isn't about Trump. When our justice system and the process of being brought to court becomes the punishment, there is a problem with our justice system, and that problem is huge.
Click to expand...

the EXACT same thing that has happened in EVERY OTHER case, where an award is made to the case winner, where the person appeals.

If a person claims, Terry, that you 'stole their last $1MM' and they are now broke and they win in a lawsuit and are able to collect the money back from you because you don't post the required bond, that money is now theirs.

If you are appealing, without the bond, they are allowed to use the $1MM and live off of it. If they spend every penny and 2 years later you win the appeal, and that money is supposed to go back, all you can do is try to collect it and if they cannot repay it force them in to bankruptcy and collect whatever you can.

THAT IS the system Terry, and Trump should not be immune from it. As leaving the money with the LOSER of the case, as the appeal takes years, is EVEN WORSE. The loser too, could 'spend every penny' in the 2 years it takes to appeal, and they what? The guy who won the first case and won on appeal, has to sue again? Try and recover from a now bankrupt LOSER?

That is why forcing the LOSER to put the judgement into Trust is the only logical solution. You are saying to the LOSER, yes you lost, and yes we the Court have determined that money is not yours and it belongs to the other person and you should give it to them immediately, BUT we will allow you to protect it and save it, by instead putting it in Trust and getting you Appeal heard and if you win, the money is protected and you get it back. But if you LOSE AGAIN, the money is protected and the WINNER gets it.
 
To understand the absurdity of what Terry believes consider Rudy Giuliani's appeal he made and put up no Bond for.

Rudy owes over $100MM and best estimates are he has current assets of +/-$10MM that is tied up in a few properties.

Now imagine the winner cannot collect for the 2-4 years appeals can take, and Rudy gets to keep control and use those assets. He also is bitter and angry at the women who WON and has no problem screwing them, as many LOSERS do, and forcing them to chase and find every last penny.


Since he is now cash poor he decides to sell the assets and pay some of his bills. He pays off the Millions he owes the law firm that was representing him, since it is owned by one of his oldest friends, and a few other millions to others he owes. He then spends the remaining millions believing it better than he enjoy it instead of handing a penny to the WINNERS. Screw them.

Terry's view would make that a ready option for every LOSER in every such case, where the loss might bankrupt them. They will think, 'I am bust regardless when i am forced to pay this, so why not go bust before making sure the WINNER gets a single penny'.

It is an untenable situation and why the Courts force the escrow of the proceeds so neither the winner or loser can abuse the money until the appeals are complete. that is the only fair way to both.
 
Port Tack said:
Tough fucking shit, not NY's problem and he won't win an appeal. Appeals are for those wrongly convicted, this case is open and shut. trump tells you he is appealing as though it may be reversed because he knows you are an ignorant shithead and will buy it, it won't be and he will end up paying.

Click to expand...
Yup.


BUt lets play a fun game here and imagine Trumps appeal had the remotest chance and he did in fact win it.

Trump and a number of his Magats are fund raising like crazy to help cover the costs of these judgements. To get Magats to pay them so Trump does not have to. If Trump were to win (he won't) does anyone think Trump would make any attempt then to give back to the Magats the money they gave him to cover the loss? Does anyone think Trump would say thank you to the Magats and that "i will put this money in Trust or into the Bond and if i win and i do not need to pay, then i will send it back to you.'?
 
tumblr_280e7e093d89c8d55b2a5227c10017bb_8d6f84c2_540-jpg.1514560
 
Mr.Badguy said:
More likely that James and co. will just have to start dismantling his assets. I don't know how often jail or prison is used on civil cases. Would be nice though.
Click to expand...
She's going to begin taking control of his shit hole properties.
 
The problem is many of the properties Trump has bragged about, he owes a ton on. He will not get much from selling them and the buyer has the power of the deal.
 
It takes time to sell property. trump needs a loan. With his history of not paying back loans, and lying on loan forms that might be a problem. And with the Russian invasion of Ukraine, his main backers are under sanctions.
 
You must log in or register to reply here.
Back
Top