Trump cannot line up full bond in New York fraud case, offers to post $100 m

Guno צְבִי;5915028 said:
Looks like Trump tower is gonna be in a fire sale.




https://www.reuters.com/world/us/tr...Feb 28 (Reuters,his lawyers said on Wednesday.
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Come on my fellow Trump wipes, you need to dig deep in your pockets and come with 350 million dollars for Trump's bond?!!

https://www.gofundme.com/f/stand-with-trump-raise-the-settlement

We got a long way to go, these funds raised so far can only pay the daily interest on Trump's bond, that's $114,000 a day?!!
 
I love this part, when Trump's lawyer is begging for a break to the same Judge he was delibnerately mocking and trying to get his assistant assualted.

...In a separate filing, James opposed a stay, calling it "especially inappropriate" given the defendants "all but concede" that Trump does not have enough liquid assets to satisfy the judgment.
"These are precisely the circumstances for which a full bond or deposit is necessary, where defendants' approach would leave (the attorney general's office) with substantial shortfalls once this court affirms the judgment," she wrote.

RISK OF EVASION

James also said there was "substantial risk" that Trump might not pay up, or might move assets beyond her reach, if he lost his appeal.
She cited the defendants' having "surreptitiously" concealed from the monitor a $40 million transfer, and Trump's recent announcement that some of his businesses had moved to Florida....
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I see a Lettisha James, Deal with It, sunglasses gif in her future!

nys-attorney-general-letitia-james-260nw-2245903001.jpg
 
signalmankenneth said:
Come on my fellow Trump wipes, you need to dig deep in your pockets and come with 350 million dollars for Trump's bond?!!

https://www.gofundme.com/f/stand-with-trump-raise-the-settlement

We got a long way to go, these funds raised so far can only pay the daily interest on Trump's bond, that's $114,000 a day?!!
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Phantasmal said:
I wonder what happened to the $400 million he claims to have had in cash?
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Don't forget the interest too as he has to post almost $500MM for NYS alone and the clock is running out for him to post the additional $83MM for E Jean.

E Jean's lawyer will be walking to his bank accounts and emptying the day after the 30 day clock ends and the banks MUST comply, when presented the Judgement and hand over any 'cash on hand'. She can then begin putting Liens on his buildings for the rest.
 
Phantasmal said:
I wonder what happened to the $400 million he claims to have had in cash?
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I think EnGöring and James vowed to steal every penny he has, no matter how much it is.

Do you think America doesn't notice what you're doing? Do you think we don't grasp that if you get away with this - NOTHING will stop you from crushing all of us?
 
Trump must come up with the full bond amount to cover the $454 million civil fraud tr

Trump must come up with the full bond amount to cover the $454 million civil fraud trial judgment, appeals court judge rules:good4u:

[FONT=cnn_sans_display]CNN — [/FONT]
[FONT=cnn_sans_display]Former President Donald Trump must come up with the full bond amount to cover the $454 million verdict in the civil fraud trial, an appeals court judge ruled Wednesday.
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[FONT=cnn_sans_display]Associate Justice Anil Singh, however, lifted a ban on Trump’s ability to obtain loans from a New York bank, which could allow him to access the equity in his assets to back the full bond amount.
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[FONT=cnn_sans_display]Singh also denied Trump’s request to delay his obligation to post $454 million until his appeal of the civil fraud verdict is over.[/FONT]

[FONT=cnn_sans_display]Once the parties file briefs by March 18, a full appellate panel will evaluate Trump’s motion for a stay pending appeal on an expedited basis and will likely return a decision on the docket by the end of March, according to the clerk’s office. No additional oral arguments are scheduled before they render a decision.
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[FONT=cnn_sans_display]Trump’s attorneys had offered to post a $100 million bond, about one-fourth owed, to go toward the judgment, saying they can’t access the capital market to raise money because of the ban on obtaining loans.
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[FONT=cnn_sans_display]“The judgment order unprecedented and punitive disgorgement of nearly $460 million and overbroad permanent injunctive relief against Appellants in the absence of legal authority or factual support,” Trump’s attorneys wrote in a filing earlier Wednesday.[/FONT]

[FONT=cnn_sans_display]The New York attorney general’s office opposes the offer, saying they want the full amount posted. They said in court papers Trump is not barred from obtaining a bond from an insurer. But one of Trump’s lawyers said bonds require cash and that’s the issue.
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[FONT=cnn_sans_display]The 30 day clock for Trump to come up with the judgment began on February 23 so he will need to post the bond right around March 25, when jury selection begins for his criminal trial on charges relating to a scheme to cover up a hush money payment made before the 2016 presidential election. Trump has pleaded not guilty to the charges.

[/FONT][FONT=cnn_sans_display]“The urgency of this application is evident in light of the punitive and exorbitant disgorgement awarded against Appellants, the impact of the injunctive relief upon lawful businesses, the uncertainty created by the vague and overbroad directives Supreme Court issued, and the Attorney General’s public threats that she will seize Appellants’ real property forth with to satisfy the Judgment,” Trump’s lawyers said in the filing.[/FONT][FONT=cnn_sans_display]
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https://www.cnn.com/2024/02/28/politics/donald-trump-appeals-court-new-york/index.html
 
BidenPresident said:
Never Trump's fault, is it?!
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Sure it is - he challenged the rulers and pulled down the mask.

No one can pretend anymore.

If you think you own anything - if you think you have any voice - witness the ability of the party to take everything, no matter how rich you are, no matter how much in the spotlight.

You own nothing - a mid-level apparatchik of the party can destroy ANYONE for any or no reason at ANY time.

This is a power play by the party - IF they get away with it, property rights and frankly all rights are gone in America.
 
BidenPresident said:
“There is no merit to defendants’ contention that a full bond or deposit is unnecessary because they are willing to post a partial undertaking of less than a quarter of the judgment amount,” the attorney general’s office wrote. “Defendants all but concede that Mr. Trump has insufficient liquid assets to satisfy the judgment.”

https://www.nytimes.com/2024/02/28/nyregion/trump-bond-civil-fraud.html
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What is an "excessive fine?"

Half a billion dollars - the largest fine by 19 fold in the history of the nation levied against an individual cannot be viewed as anything less.

This on a case with zero merit that is nothing more or less than a political hit job against the opponent of the democrat party for the Presidency.

Will you be permitted to get away with it?
 
Uncensored2008 said:
What is an "excessive fine?"

Half a billion dollars - the largest fine by 19 fold in the history of the nation levied against an individual cannot be viewed as anything less.

This on a case with zero merit that is nothing more or less than a political hit job against the opponent of the democrat party for the Presidency.

Will you be permitted to get away with it?
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you forgot to call me chinese blah blah blah
 
I'm really disappointed in the Trump supporters, all it takes is one million Trump supporters putting up $400 a piece, that's 400 million dollars?!!

Nearly 4 in 10 Americans lack enough money to cover a $400 emergency expense, Fed survey shows, must be a lot of Trump supporters in this category?!!
 
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