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Trump is prepared to post $100 million bond but not the full $454 million judgment, lawyers say (fortune.com)

submitted 1 year ago by [email protected] to c/[email protected]

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New York AG Letitia James has said that she will seek to seize some of Trump's assets if he's unable to pay the judgment.

Donald Trump’s lawyers asked a New York appellate court Wednesday to halt collection of the former president’s $454 million civil fraud judgment while he appeals.

Trump’s lawyers said in a court filing that he is prepared to post a $100 million appeal bond rather than a bond covering the full amount, which would have automatically paused enforcement.

They said a provision in Judge Arthur Engoron’s Feb. 16 ruling that bans Trump, his company, and co-defendants from obtaining loans from New York banks for three years would make it impossible for him to obtain a bond covering the full judgment.

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[-] [email protected] 100 points 1 year ago

They said a provision in Judge Arthur Engoron’s Feb. 16 ruling that bans Trump, his company, and co-defendants from obtaining loans from New York banks for three years would make it impossible for him to obtain a bond covering the full judgment.

So you're not a fucking billionaire, you demented shitweasel. Got it.

Can you believe the nerve? "Judge, I know part of the reason I'm in hot water is because I lied through my fucking teeth to banks to get them to give me loans, but now that I can't get loans anymore, I'm outta money, and that's totes unfair, so can I pretty please get loans again?"

How about no, and fuck all the way off?

[-] [email protected] 5 points 1 year ago* (last edited 1 year ago)

Yeah, if you have billions in assets, you can liquidate some of them to pay up. The only way you are unable to pay is if your assets are not actually worth enough.

[-] [email protected] 88 points 1 year ago

Sure wish if I had a 500 dollar speeding ticket I could just say "nah I'll give you 60 bucks"

[-] [email protected] 7 points 1 year ago

It's not like that makes the whole thing go away

[-] [email protected] 8 points 1 year ago

He will flee to Russia instantly when there is a risk of jail or too large fine to cover.

[-] [email protected] 2 points 1 year ago* (last edited 1 year ago)

He will flee to Russia instantly when there is a risk of jail or too large fine to cover.

That's an acceptable outcome.

As long as he stays there.

[-] [email protected] 6 points 1 year ago

That actually works if you are poor and remorseful. The judge typically has discretion.

[-] [email protected] -1 points 1 year ago* (last edited 1 year ago)

Probably would work, if you are a white male.

[-] [email protected] 55 points 1 year ago

Either full $454 million or get lost.

[-] [email protected] 47 points 1 year ago

Don't forget the daily fines for late payment.

[-] [email protected] 15 points 1 year ago

$465 million according to:

https://trumpdebtcounter.com/

[-] [email protected] 9 points 1 year ago* (last edited 1 year ago)

They're actually kind of doing that in the E. Jean Carroll case. His "appeal bond" has to be 110% of the judgment award, so he has to put up 91.6 million instead of the 83.3 million she was awarded. My understanding is that the extra is to cover the interest that might accrue during the appeals process in the event that she still wins.

Edit: e.g. https://www.msn.com/en-us/money/other/trump-asks-to-delay-his-bond-in-excessive-carroll-verdict/ar-BB1iNqcq

[-] [email protected] 30 points 1 year ago

Oh I'm sorry, stable genius thought this was a fucking negotiation

[-] [email protected] 29 points 1 year ago

If he can't loans from "shithole" states like New York, why doesn't he get loans from red states? Are they poor or something?

[-] [email protected] 17 points 1 year ago

The ruling prohibits him from applying for loans from any institution “chartered or registered with the New York Department of Financial Services.” New York City is a global financial hub, so the registered clause is going to affect many banks that are headquartered outside of New York.

[-] [email protected] 11 points 1 year ago

He is probably waiting to see if his fan base actually raises all the money on gofundme.

[-] [email protected] 3 points 1 year ago

How is that going btw? Did they ramp it up to the required $12m a day?

[-] [email protected] 4 points 1 year ago

I dont believe so no. Honestly don't follow it because it just makes my blood boil.

[-] [email protected] 2 points 1 year ago

I am blessed by not being an American, so no blood boiling due to that. Russian by birth however, so plenty of other reasons to freak out in the fucked modern world...

[-] [email protected] 5 points 1 year ago

Probably tapped out

[-] [email protected] 5 points 1 year ago

Whose going to loan someone money now?

If he gets a loan, it’s almost certainly a bribe.

[-] [email protected] 29 points 1 year ago

And this guy is a frontrunner for president in the USA. Lol what a fucked up country.

[-] [email protected] 25 points 1 year ago

"billionaire"

[-] [email protected] 25 points 1 year ago

He's counting in Rubles

[-] [email protected] 24 points 1 year ago

Pay the bill, deadbeat.

So much for being "too rich".

[-] [email protected] 22 points 1 year ago

Trump acting like he's making another business deal rather than finally meeting up with external reality.

[-] [email protected] 14 points 1 year ago

Tbf he's gotten away with it every single other time lol let's hope this time it sticks. There are other people invested in Trumps success.

[-] [email protected] 14 points 1 year ago

Classic trump, he thinks it’s valued at $454 million, so the true value must be 25% of that.

[-] [email protected] 14 points 1 year ago

Cool. Who's financing him?

[-] [email protected] 6 points 1 year ago

The RNC's suckers.

[-] [email protected] 3 points 1 year ago

Sneakerheads love him, according to.. uh.. him.

[-] [email protected] 5 points 1 year ago

Puttie-Bear.

[-] [email protected] 14 points 1 year ago

Hell, is that how it works? I've been doing it wrong my whole life.

[-] [email protected] 12 points 1 year ago

Let's see how well that works out for him. This oughtta be fun.

[-] [email protected] 6 points 1 year ago

Just think, if he had just made another tv show instead of being president he wouldnt be going through all this.

[-] [email protected] 3 points 1 year ago* (last edited 1 year ago)

Too bad, shithead. Which building do you want to lose first?

[-] [email protected] 3 points 1 year ago

No full bond, no appeal. No appeal? Then pay up. Or get repo'ed.

[-] [email protected] 2 points 1 year ago

Aww, that's too bad.

[-] [email protected] 2 points 1 year ago

If he becomes president can he pardon himself?

[-] [email protected] 13 points 1 year ago

No, but he would immediately appoint a Fed AG would would try to substitute the government for him in the case (Barr did that in the E. Jean Carrol #1 case), which would effectively stall it out indefinitely. Then, he just overthrows the election to make himself dictator for life and bam! No worries.

[-] [email protected] 5 points 1 year ago

Carroll's case is federal, this one is New York State.

[-] [email protected] 3 points 1 year ago

Then, he just overthrows the election to make himself dictator for life and bam! No worries.

If you think the US Military would allow this...lol.

[-] [email protected] 4 points 1 year ago

I was kinda hoping for the secret service dragging him away, kicking and screaming about how it's totally unfair he can't just take over the country on live TV, then some intrepid genius who was in just the right spot, at just the right time, and just so happened to have a bluetooth speaker starts playing the closing credits theme to Curb Your Enthusiasm at full volume.

[-] [email protected] 7 points 1 year ago

Not in a state civil case

[-] [email protected] 3 points 1 year ago

Not from that

[-] [email protected] 1 points 1 year ago

That's exactly what the shit-weasel is trying to do.

[-] [email protected] 2 points 1 year ago

So there should be an announcement this week of assets to be seized, right? Or Letitia goes on the pile of officials in deteliction of their duty to law.

this post was submitted on 28 Feb 2024

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