State of New York vs Trump, et al - the civil fraud case against the Trump Organization

[Rolodex]

The best thing would be for the "Trump" "brand" to become worthless. He always uses that as a main part of his "worth" when talking about how rich he is. It's true that brand name does have a value when you're doing financial statements (although how you'd monetize that is a mystery to me), but I gotta think his is taking a hit. Maybe it will hit its nadir before the election. Idk how people around the world feel...staying in a "Trump" branded hotel can't have the same cachet it once did. I'm sure oligarchs and mob folks don't care what name is slapped on the building of a property they use to park money.

[Suranis]

It IS largely worthless. The fact that he talks it up is meaningless. He would be loudly talking it up if bank managers were laughing in his ear 5 minutes before. He would still be boasting about how wealthy he is if he was on the street outside Marry Lardo with his luggage all around him, and his staff shouting at him that they haven't been paid in a month.

Just because he boasts about it does not mean there is any wealth there.

[Slim Cognito]

I think that a trump-branded hotel screams “Park it here!”

[Dr. Ken]

of course you would change the name to..
The Former Guy Tower

or Turnip Tower.

Can't we just rename it the Tish Mahal?

[Slim Cognito]

IMG_2337.jpg (159.67 KiB) Viewed 815 times

[Tiredretiredlawyer]

LOVE IT!!!!!!

[Rolodex]

I just can't quit twitter.

[realist]

[Chilidog]

I think that a trump-branded hotel screams “Park it here!”

to me it screams “Get your bedbugs here!”

[Slim Cognito]

why not both.jpg (41.53 KiB) Viewed 695 times

[bob]

So as to not over-anticipate the outcome of the upcoming deadline for payment to pause enforcement action, can anyone confirm that the payment must be made by the end of today (Sunday 24th March) not by the end of (working?) day tomorrow?

In general, unless specified otherwise, court deadlines occurring on a non-work day (i.e., weekends and holidays) automatically are bumped to the next working day.

So, for example, a court deadline for today would not kick in until COB tomorrow (Monday).

[Uninformed]

Thanks Bob.

[Kendra]

It's almost Monday!!! Everyone have their seatbelts at hand and ready to fasten for a wild ride?

[Suranis]

It's almost Monday!!! Everyone have their seatbelts at hand and ready to fasten for a wild ride?

What? OH NO!!!

[much ado]

Trump claims he has $500 million in cash, undercutting lawyers' claims on bond money

https://www.nbcnews.com/politics/donald ... rcna144614

Former President Donald Trump claimed early Friday morning that he has "almost" $500 million in cash, undercutting his lawyers' claims that he would not be able to comply with the $464 million judgment against him and his co-defendants in the civil fraud case brought by New York Attorney General Letitia James.

Here's some follow-up on this matter posted by Volkonski, an article in The Guardian. I've noticed that Trump is increasingly called "Idiot Trump" in news articles, a trend I'd like to see continue.

Trump claims to have ‘almost $500m in cash’ despite inability to pay bond

Donald Trump claimed on Friday to have at his disposal “almost $500m in cash”, despite having complained about a $454m bond his lawyers say he cannot pay as he appeals a New York civil fraud judgment.

In an all-capitals, early morning post to his Truth Social platform, the former president said: “Through hard work, talent, and luck, I currently have almost $500m in cash, a substantial amount of which I intended to use in my campaign for president.”

The judge in his New York fraud case knew this, Trump claimed, and therefore came up with a penalty which, with interest, amounts to around $454m.

Trump’s lawyers have said it is a “practical impossibility” for Trump to meet that bond by its 25 March deadline. In turn, the New York state attorney general, Letitia James, reportedly took steps towards seizing Trump-owned properties.

One legal analyst called Trump’s Friday morning rant “the dumbest thing he could possibly have done”.

“That is a direct admission by him that he has the money,” Nick Akerman, a former assistant US attorney in the southern district of New York who was a prosecutor during the Watergate scandal that brought down Richard Nixon, told CNN.

“Keep in mind, even with this operating money or cash that he supposedly has, if he doesn’t pony up and put up a bond, Letitia James is going to be able to go in and basically put restraining orders on all of his bank accounts. Everything that relates to him and all of that money is going to be tied up and frozen.

“So if he’s really got that money, he’s got to put it up.”

This is a fatal admission that devastates any attempt to get an appeals court to stay the seizing of his assets pending appeal. Unbelievably idiotic, and probably further evidence of dementia.

Somebody was lying. Tomorrow's events may reveal who.

[RTH10260]

the claim is that the former guy has all that money for his campaign. May it mean that his PACs and SUPERPACs have that kind of money ready to spen on the campain for Teh Donald, but it is not in his name for the bond. Could he technically loan himself such moneys to pay the bond (and then lose it)?

[Reality Check]

Could he technically loan himself such moneys to pay the bond (and then lose it)?

I would think he could escrow the money if it is in cash if that's what you mean. Not gonna happen.

[Slim Cognito]

Regarding Trump’s claims that he has the cash, despite his lawyers previously saying he does not: Kirschner believes 1 – the lawyers are telling the truth; trump does not have the money. 2 – Trump is telling the truth; he does have the money. His lawyers are lying. (not likely). and 3– they’re both telling the truth. At the time his attorneys made the statement, that was the truth. But soon afterwards, somebody, perhaps Putin, perhaps Saudi Arabia, gave him the money. I guess we’ll learn tomorrow.

[Maybenaut]

Another possibility - they’re both telling the truth (sort of), because when trump says he “has” the money, he means he has access to PAC money for his campaign.

[Suranis]

Another possibility: Turnip transferred every cent he and other people have into his personal account for 10 minutes, so he could make that statement and technically not lie.

Which wold be insane, but I repeat myself.

[Dr. Ken]

Doesn't sound like he's coming up with the money today

[neonzx]

[Rolodex]

He said in 2015/16 that he wouldn't owe anything to anyone because he's so rich he'd self-fund his campaign. I'm pretty sure he did not. Am I remembering correctly?

[SuzieC]

Appeals court lets Trump off the hook: bond lowered to $175 million. (MSNBC)

[Mr brolin]

Relevant verbiage....


It is ordered that the motion is granted to the extent of staying enforcement of
those portions of the Judgment (1) ordering disgorgement to the Attorney General of
$464,576,230.62, conditioned on defendants-appellants posting, within ten (10) days of
the date of this order, an undertaking in the amount of $175 million dollars; (2)
permanently barring defendants Weisselberg and McConney from serving in the
financial control function of any New York corporation or similar business entity; (3)
barring defendants Donald J. Trump, Weisselberg and McConney from serving as an
officer or director of any New York corporation for three years; (4) barring defendant
Donald J. Trump and the corporate defendants from applying for loans from New York
financial institutions for three years; and (5) barring defendants Donald Trump, Jr. and
Eric Trump from serving as an officer or director of any New York corporation in New
York for two years. The aforesaid stay is conditioned on defendants-appellants
perfecting the appeals for the September 2024 Term of this Court. The motion is
otherwise denied, including to the extent it seeks a stay of enforcement of portions of the
judgment (1) extending and enhancing the role of the Monitor and (2) directing the
installation of an Independent Director of Compliance.