Fogbow

Maybenaut wrote: ↑Fri Feb 16, 2024 4:15 pm

RTH10260 wrote: ↑Fri Feb 16, 2024 4:14 pm The biggest looser in this ruling seems to be Weisselberg. He lost his separation funds that were set to the tune of his prior fine of approx $2million. So he has to return the $1 million already received to the state, but is also stuck wioth the original fine

And he can’t get a job! At least not in NY anyway.

SuzieC wrote: ↑Fri Feb 16, 2024 3:57 pm I assume that interest will start accumulating on the $364 million as well.

Date from which computed. Interest shall be computed from the earliest ascertainable date the cause of action existed, except that interest upon damages incurred thereafter shall be computed from the date incurred. Where such damages were incurred at various times, interest shall be computed upon each item from the date it was incurred or upon all of the damages from a single reasonable intermediate date.

neonzx wrote: ↑Fri Feb 16, 2024 4:32 pm I'm confused. Why am I see two figures. $364M and $355M being reported.

neonzx wrote: ↑Fri Feb 16, 2024 4:32 pm I'm confused. Why am I see two figures. $364M and $355M being reported.

chancery wrote: ↑Fri Feb 16, 2024 4:36 pm

neonzx wrote: ↑Fri Feb 16, 2024 4:32 pm I'm confused. Why am I see two figures. $364M and $355M being reported.

I believe that $355 is the recovery against Trump, and $364 is the recovery against all defendants. But I haven't seen a reliable breakdown yet.

ORDERED that defendants Donald Trump, the Donald J. Trump Revocable Trust, the Trump
Organization, Inc., Trump Organization LLC, DJT Holdings LLC, DJT Holdings Managing
Member, Trump Endeavor 12 LLC, 401 North Wabash Venture LLC, Trump Old Post Office
LLC, 40 Wall Street LLC, are jointly and severally liable to plaintiff in the amount of
$168,040,168, with pre-judgment interest from March 4, 2019; and it is further
ORDERED that defendants Donald Trump, the Donald J. Trump Revocable Trust, the Trump
Organization, Inc., and Trump Organization LLC, and the Trump Old Post Office LLC are
jointly and severally liable to plaintiff in the amount of $126,828,600, with pre-judgment interest
from May 11, 2022; and it is further
ORDERED that defendants Donald Trump, the Donald J. Trump Revocable Trust, the Trump
Organization, Inc., and Trump Organization LLC are jointly and severally liable to plaintiff in
the amount of $60,000,000, with pre-judgment interest from June 26, 2023; and it is further
ORDERED that defendant Eric Trump is liable to plaintiff in the amount of $4,013,024, with
pre-judgment interest from May 11, 2022; and it is further
ORDERED that defendant Donald Trump, Jr. is liable to plaintiff in the amount of $4,013,024,
with pre-judgment interest from May 11, 2022; and it is further
ORDERED that defendant Allen Weisselberg is liable to plaintiff in the amount of $1,000,000,
with pre-judgment interest from January 9, 2023; and it is further

neonzx wrote: ↑Fri Feb 16, 2024 4:32 pm I'm confused. Why am I see two figures. $364M and $355M being reported.

Dave from down under wrote: ↑Fri Feb 16, 2024 4:37 pm Perhaps the higher figure is all parties fines while the lower is just those Donnie is liable for

SuzieC wrote: ↑Fri Feb 16, 2024 4:15 pm I’m seeing reports that there’s also pre-judgement interest accrued on the penalties (NY has a mandated 9% interest rate) that could push the totals up to $450 million or more.

NY AG James @NewYorkStateAG wrote: In a massive victory, we won our case against Donald Trump for engaging in years of incredible financial fraud to enrich himself.

Trump, Donald Trump, Jr., Eric Trump, and his former executives must pay over $450 million in disgorgement and interest.

MN-Skeptic wrote: ↑Fri Feb 16, 2024 4:54 pm So the Trump family can just go to Jared Kushner for the money. After all, he got $2 billion from Saudi Arabia.

CALL TO ACTIVISM @CalltoActivism wrote: As an attorney, there are a few things that stand out to me about this ruling that are absolutely calamitous for Donald Trump and his children.

Here’s why.

First, the penalties on Don Jr. and Eric Trump are arguably even MORE devastating for them.

Both Don Jr. and Eric Trump are young and both men are currently overseeing Trump Organization day to day. On the contrary, as a 77-year old, Trump’s involvement in the company has reportedly been limited in recent years.

This ruling has essentially left Don Jr. and Eric Trump unemployed.

Second, the fact that Donald Trump and the Trump Organization are both banned from applying for loans from any New York-chartered financial institutions for 3 years makes it incredibly hard for Trump to actually afford the judgment.

Together with the E. Jean Carroll verdict, Trump is now responsible for almost $450 MILLION in penalties - an amount that would wipe out nearly every penny of cash he reportedly has.

Engoron did not hold back with his words in this decision:

“The defendants’) complete lack of contrition and remorse borders on pathological.”

One thing is clear, Judge Engoron’s ruling upholds the integrity of the financial marketplace - and finally holds Trump accountable for his many lies.

What are your thoughts, did Trump deserve these historic penalties?

-Attorney Joe Gallina