Posted on 03/21/2024 1:15:06 PM PDT by Red Badger
Marxist tyrant Letitia James took the first step in seizing Trump’s assets on Thursday after his attorney said he was unable to secure a bond to appeal the massive judgment in the NYC fraud case.
Letitia James filed judgments in Westchester County where Trump’s private estate and golf course is located.
President Trump has four days to either pay the judgment or convince the appellate court to allow him to defer the payment pending appeal.
Trump’s attorneys fought back in a court filing on Thursday.
“By demanding an undertaking in the full amount of the judgment in order to appeal, the Attorney General and Supreme Court have sought to impose a patently unreasonable, unjust, and unconstitutional (under both the Federal and New York State Constitutions) bond condition,” Trump’s lawyers wrote.
CNN reported:
The New York attorney general’s office has filed judgments in Westchester County, the first indication that the state is preparing to try to seize Donald Trump’s golf course and private estate north of Manhattan, known as Seven Springs.
State lawyers entered the judgments with the clerk’s office in Westchester County on March 6, just one week after Judge Arthur Engoron made official his $464 million decision against Trump, his sons Donald Trump Jr. and Eric Trump, and the Trump Organization.
Entering a judgment would be the first step a creditor would take to attempt to recover property. Additional steps, such as putting liens on assets or moving to foreclose on properties, or taking other actions in court would follow, if the asset is going to be seized.
The judgment is already entered in New York city where Trump’s properties including Trump Tower, his penthouse at Trump Tower, 40 Wall Street, his hotel abutting Central Park, and numerous apartment buildings are located.
President Trump’s lawyers on Monday in a court filing said Trump has been unable to secure a bond in order to appeal Letitia James’ $454 million judgment.
Letitia James last month threatened to seize Trump’s assets.
Last month President Trump offered to post a $100 million bond and asked for a stay of the $464 million judgment in Letitia James Soviet-style NYC fraud trial.
“The exorbitant and punitive amount of the Judgment coupled with an unlawful and unconstitutional blanket prohibition on lending transactions would make it impossible to secure and post a complete bond,” Trump’s defense lawyers wrote in the filing. “Appellants nonetheless plan to secure and post a bond in the amount of $100 million.”
Trump has been unable to secure a bond for the judgment’s full amount his lawyers said on Monday.
Trump’s “ongoing diligent efforts have proven that a bond in the judgment’s full amount is ‘a practical impossibility,’” Trump’s lawyers said, accordin to NBC News. “These diligent efforts have included approaching about 30 surety companies through 4 separate brokers.”
Letitia James sought $370 million in ‘damages’ when there is no victim in this fraud case and she also sought to ban Trump and his sons from operating any businesses in New York. She accused Trump of inflating his assets and defrauding lenders and insurance companies.
Last month Judge Engoron ordered Trump to pay more than a $355 million fine and barred Trump “from serving as an officer or director of any New York corporation or other legal entity in New York for a period of three years.”
Engoron claimed Trump and each of the defendants “participated in aiding and abetting the conspiracy to commit insurance fraud by their individual acts in falsifying business records and valuations, causing materially fraudulent SFCs to be intentionally submitted to insurance companies.”
Donald Trump Jr. and Eric Trump were also ordered to pay millions of dollars in fines.
Trump Org. CFO Allen Weisselberg was ordered to pay $1 million.
The $355 million judgment PLUS daily interest has swelled to $464 million.
President Trump on Thursday defended himself against the radical tyrants in New York targeting him for ruin.
“Even though I did nothing wrong, a Radical Left New York Judge, a true Trump Hater, Arthur Engoron (Are we allowed to speak about his Unconstitutional Gag Order?), picked a number out of THIN AIR, $355,000,000, plus interest (reminiscent of John Lovitz, “The Liar,” on SNL when it was good), & wants me to bond it, which is not possible for bonding companies to do in such a high amount, before I can even Appeal. That is CRAZY! If I sold assets, and then won the Appeal, the assets would be forever gone. Also, putting up money before an Appeal is VERY EXPENSIVE. When I win the Appeal, all of that money is gone, and I would have done nothing wrong. The Crooked Judge, who has already been overturned 4 times on this case (a record!), fully understands this. He gave us a demand which he knows is impossible to do. This Witch Hunt, between a bad Judge and a Corrupt & Racist Attorney General, is horrible for New York. Businesses are FLEEING, while Violent Crime flourishes. ELECTION INTERFERENCE!” Trump said in a Truth Social post on Thursday.
Please explain the difference between you and the average CNN guest?
Can the SCOTUS not be asked to make an emergency judgment on this - for the cruel and excessive targeted punishment? It seems like something from a terrible nightmare to have this actually happen.
“ This is communism.”
No, this is fascism, the current American form of government, in action.
These Commies are inhuman.
‘They are going to pay a price” reminds me of Trump’s bogus “winning” statement.
Only a Biden supporter would post a comment like that.
Maybe you need a break from this forum.
I really can’t understand how the judge is allowed to, or how he gets the authority to order payment of the half billion dollars before Trump is allowed to appeal to a higher court.
I heard an audio of one of her campaign speeches where she ranted like an unhinged fool about getting Trump, and the New York voters put her in power, making them a degree more stupid and deranged than she is.
Sometimes it is not wrong messaging by the Republicans, it is not running the wrong candidate; it is the stupidity of the voters that determines the election.
Listening to that speech, it takes a fool to want to vote for her.
When the revolution comes, and it will, these people go up against the wall.
Yes they have. But... who is going to stop them?!
The only way evil people can get away with doing these huge, evil things, is to convince normally good and honest people to go along with them.
By herself, she is nothing. She can do nothing.
Find the good people and remind them they are good people.
I second that.
Oh, absolutely. Nothing would be too cruel.
Trump’s constitutional rights are being flagrantly violated, but will the Supreme Court see fit to intervene? Maybe they will say he doesn’t have “standing.”
Because judges aren't held accountable.
Justin from Canada threw Truckers in jail then swiped their cash.
Letica says, hold my beer
Perhaps that needs to change. Hammer the demo-commies at every opportunity. No reaching across the aisle and no mercy. See how they like it. That will need to include every commie bureaucrat from the political and legal system right on down to the local dogcatcher.
OK, I have a question. And it may sound dumb, but honestly I don’t know and would like somebody who knows to answer this. Can they only seize Trump property in NY or can they seize any of his properties? Thanks. What they are doing to him has me physically sick. Not just for Trump & his family, but also for the future that will be left for my Grandsons if this kind of lawlessness goes on.
Only a stooge and a normie would say all these losses are wins.
Civil judgment holders can “domesticate” those judgments anywhere defendant has property ... any U.S. state, any foreign country. More or less automatic for other states, some greater work abroad.
Trump will be able to declare a homestead exemption for at least part of the value of Mar a Lago, but that’s about it.
ALL properties are on the block. Certain steps will have to be followed also. consider that the court appraised MarALago between $18M and $27M. Accepting bids at that level from certain friends of Biden would be a great reward. (of course friends of DJT would be punished for bidding).
Shades of Russia
To pass legal muster, the AG’s office would have to have significant new appraisals conducted, by more than one appraiser, and then put it at auction with sealed bids.
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