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[–] 102 points 2 years ago (22 children)

an amount that will grow by over $111,000 a day until it's paid.

its like the cherry on top

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  • [–] 23 points 2 years ago* (last edited 2 years ago) (4 children)

    That's about $1.25 per second.

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  • [–] 8 points 2 years ago (2 children)
  • [–] 15 points 2 years ago (15 children)
  • [–] 13 points 2 years ago (3 children)

    im curious to know what happens when he doesnt pay. can they go after all assets, including those not in new york?

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  • [–] 7 points 2 years ago (1 child)

    To my knowledge, New York can seize assets in NY and lien everything else.

    I could be wrong tho.

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  • [–] 6 points 2 years ago

    In a normal civil case once judgment has entered you receive an execution, which allows you to seize property in the state.

    In order to seize property in another state you would have to domesticate the judgment in the new state, then get an execution from that state to seize property. Domestication of a judgment is typically straightforward and simple, but it depends upon the state, some are more arduous than others.

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  • [–] 11 points 2 years ago (6 children)

    Ianal - but I believe you can’t get a re-trial if you don’t submit the money or a bond. So somebody is going to pay it, even if they have to use rubles or diamonds

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  • [–] 9 points 2 years ago (4 children)

    its the appeal process that cannot begin until theres some bond posted thats a decent percentage, if not all of it. plus interest.

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  • [–] 12 points 2 years ago* (last edited 2 years ago) (3 children)

    It is 125% of the total judgement.

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  • [–] 6 points 2 years ago (2 children)

    It depends on the jurisdiction. In some there is some judicial discretion. I saw a case where the amount was 111.1%. I am not admitted in New York and am too lazy to look up their rules. Usually the amount is enough to pay the whole judgment plus all costs (which shouldn't be a very high percentage of such a huge judgment, lol).

    One of my clients deposited the judgment amount plus court ordered costs in cash in an escrow account of the Court pending the appeal. The prevailing party received the judgment plus the interest the deposit earned (like an IOLTA).

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  • [–] 57 points 2 years ago (15 children)

    Really, an inability to pay will be far more damaging to his campaign than a criminal conviction or jail time. Let's see how it goes.

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  • [–] 41 points 2 years ago (2 children)

    That presumes his pithed supporters gave a crap about anything but overt racism and lies.

    Spoiler: They do not

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  • [–] 6 points 2 years ago

    It's a fair point. I think the key in political contests is to win over undecided voters. You will never win over the Maga zombies. You probably won't win over "my family votes Republican" voters. But there's a chance with the almost impossible to understand undecided voters.

    The people who thought "Trump is a businessman and we need a better economy" or "Trump is a billionaire so isn't subject to corruption" might see him differently now. Both of these takes are laughably naive but undecided voters tend to also be low information, last minute people. They get a vague sense of things and go with that. Seeing Trump humiliated on a money issue might do it.

    That's just one scenario.

    In some purple districts the vote margins are really narrow. A few thousand voters going D instead of R can do it. It's why third party candidates are so damaging.

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  • [–] 8 points 2 years ago (10 children)
  • [–] 27 points 2 years ago (9 children)

    If he's convicted or imprisoned, his supporters will just consider him a martyr, the victim of a political witch hunt. If it turns out he just can't pay, it shows him to be the loser he is, and reveals his supposedly amazing business sense as a lie.

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  • [–] 17 points 2 years ago (7 children)

    That’s been out in the open for quite some time, but I do not see his numbers dropping. Why would they not use that as a win - not paying the fake trial money! Witch-hunt !!1!

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  • [–] 8 points 2 years ago* (6 children)

    They will seize his assets if he doesn't pay. He has 30 days.

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  • [–] 11 points 2 years ago (5 children)

    It will still be “our guy” against the government and wicked judges. I can’t see it hurting him at all in the race. Someone will front the money - it’s a golden opportunity for a lot of high stakes players to “save” him

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  • [–] 3 points 2 years ago*

    This take is missing the point a little. The undecided voter is where this matters and you won't see them moving polls. Some districts that affect the outcome are very close calls we where a few thousand undecided going D instead of R can make a difference.

    Edit - sorry, was trying to reply to a comment higher up about losing support.

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  • [–] 27 points 2 years ago (2 children)

    The bond will likely be very costly. While courts have discretion in setting exactly how much is required for a bond, New York courts typically require up to 120% of the judgment, including all pre-judgment interest. That means he could have to post a bond for well over $500 million.

    No problem, no problem. The guy’s “a billionaire” right? Okay, he pays the court what it’s owed, and, uh, he’s still got a cool half a billion to, y’know buy chewing gum and fly his little plane around and that. Piece o’ cake.

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  • [–] 22 points 2 years ago (1 child)

    Interestingly, I imagine this man would not even get basic security clearance with this level of debt and high risk of being manipulated (by others offering to pay debt). Yet he's still a candidate for president, interesting....

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  • [–] 20 points 2 years ago (2 children)

    In the end, this is chump change for Putin, who will certainly front the cash for control of the American government.

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  • [–] 28 points 2 years ago (1 child)

    I’m really hoping if he tries, it’ll set off all kinds of red flags with the court-appointed independent reviewer that’s watching his finances like a hawk. Maybe foolishly optimistic of me, but I really hope it works out that way.

    Also side note my dude, are you browsing politics news from your porn lemmy account? I mean, respect, but that’s hilarious.

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  • [–] 13 points 2 years ago

    We can hope for sure. Trumps penchant for using his campaign funds for things could really obfuscate a lot of ‘donations’. The ‘easy out’ I see here is having one of Trump’s rich buddies (I’m sure he still has plenty of people who want a sweet cabinet position, ala DeVoss) takes dollars from Putin (likely as a sweetheart business deal) as a go-between. Money laundering has become an easy-joke these days.

    Can you IMAGINE the orgasmic feeling of Trump actually suffering a consequence. No better account to surf this content under. Also, I forgot to switch accounts.

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  • [–] 10 points 2 years ago (2 children)

    $464 million: the cost of one and a half Russian A-50 early warning planes - of which Ukraine just shot down one today - OR the cost of forgiving 12,500 student loans (out of 43 million Americans with student loans).

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  • [–] 4 points 2 years ago* (last edited 2 years ago)

    Waiiiit they shot another one down today!?!?!?!? Aren't there only like 3 or 4 and they shot one down a month or so ago

    Edit: well damn they did! Fuck ya. Article I saw says they had 9 of these, 2 of which have now been shot down, and they're never all active at once so that's a huge blow.

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  • [–] 8 points 2 years ago (6 children)

    So how does this end?

    Like.. what happens when he fails to pay? Does he get arrested?

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  • [–] 17 points 2 years ago (5 children)

    No, as we do not have "debtor's prison" in the United States....at least not officially. There are certainly ways the system works around that.

    However, in this case the state will file a lien against all of his properties, and then begin the legal process of recouping the funds from the judgement if he defaults.

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  • [–] 11 points 2 years ago (4 children)

    We don't have debtors prison for the wealthy, but we do for the poor

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  • [–] [B] 4 points 2 years ago

    This is the best summary I could come up with:


    A clerk in New York has officially entered a more than $464 million fraud judgment against former President Donald Trump and top executives at his company — an amount that will grow by over $111,000 a day until it's paid.

    If he does not do so, the New York attorney general's office will be able to begin collection proceedings against Trump and his co-defendants in the civil fraud case.

    Trump's lawyers had sought to delay the judgment from being entered, presumably to allow them more time to line up financing for the bond, but Engoron rejected that request Thursday.

    “You have failed to explain, much less justify, any basis for a stay,” Engoron told Trump attorney Clifford S. Robert in an email before he signed the judgment.

    In a ruling last week following a months-long trial, Engoron found Trump and his top executives had intentionally engaged in a massive and long-running scheme to improperly inflate his assets in financial statements so he could take advantage of favorable loan and insurances rates he wasn't actually entitled to.

    He found their "refusal to admit error — indeed, to continue it, according to the Independent Monitor — constrains this Court to conclude that they will engage in it going forward unless judicially restrained.”


    The original article contains 593 words, the summary contains 210 words. Saved 65%. I'm a bot and I'm open source!

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