Posted on 02/19/2024 6:35:31 AM PST by Rummyfan
Donald Trump has been ordered to pay a $355 million fine and has been barred from doing business in New York State for three years. Judge Arthur Engoron ordered Trump to pay essentially all of his cash reserves of $400 million, which fine if upheld would force Trump to sell some of his real estate holdings to raise cash to live on. Once interest is added on the total fine will rise to $450 million. This is all on top of an $83.3 million fine Trump must pay for allegedly defaming the writer E. Jean Carroll. The fines in total could deprive Trump of between 11% and 13% of his wealth. Trump's adult sons Donald Jr. and Eric have also been fined, and they are barred from doing business in New York State for two years. Ivanka or Melania Trump could legally run the Trump businesses for the next two years, but Judge Engoron appointed retired U.S. District Judge Barbara Jones to continue in her role as an "independent monitor" of the Trump business empire but expanded her authority to review financial disclosures before they are submitted to third parties. Judge Jones can hire an independent director of compliance, and she has the authority to compel Trump to sell some or even all of his businesses down the road. This is all punishment for Trump allegedly committing fraud by falsely in inflating and deflating the value of his real estate assets to pay lower state taxes and to receive more favorable loans from banks.
The New York State laws used to go after Trump have NEVER been used in this way, historically, and while Trump may owe some back state taxes, if Judge Engoron is right, not a single bank claimed that it had been defrauded by Trump...
(Excerpt) Read more at reason.com ...
Good article, but the editor must be asleep at the wheel. LOTS of misspellings.
I hope his appeal exposes the kangaroo court and political hit job for what they are.
Yes I noticed that too. Maybe it was dashed off hastily.
The appellate courts in NY are as corrupt as Engoron’s.
He knows that. Which is why he went over the top and is trying to bankrupt Trump. Up the line are more Democrat gangster thugs in black robes who will try to hold the line.
This is war. A low rent political hack just confiscated the property of the President of the United States on phony, trumped up (pun intended) charges. Which is everything the Constitution was written to prevent.
Allegedly? If it has not been proven, how can a judge legally fine him 355 million dollars as punishment? I would expect there will be a very long appeal process coming. I would hope there will be.
Off/On subject, but a developer down in Sonoma County CA actually named one the streets in his new subdivision “Franz Kafka Avenue” to memorialize he tortured process he went through to get his project approved. This was lost on virtually everybody. (Knew the subdivider a little— a classic gentleman, with a wry sense of humor that I used to really enjoy. A lifetime ago...)
Kathy Hochul says New York businesses ‘are different than Donald Trump’, have ‘nothing to worry about’ after $354 million ruling in civil case
https://thepostmillennial.com/kathy-hochul-says-new-york-businesses-are-different-than-donald-trump-have-nothing-to-worry-about-after-354-million-ruling-in-civil-case#google_vignette
This is a blatant admission of unequal treatment under the law.
Welcome to the Soviet States of Amerika. This is political vengence in the worst way. Your home is no longer yours.
There is no way that this does not run afoul of the 8th Amendment:
Eighth Amendment
Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted.
This fine is larger than some national economies. They know this will not stand, but that is not the point for them; they need Trump’s funds locked up and unavailable for the 2024 election cycle. The added benefit of taking Trump off the campaign trail to attend myriad kangaroo-court sessions is an added benefit.
I think where they fatally miscalculated is the Friday SEC approval of the Truth Social deal, coincidentally on the same day as this joke of a decision was handed down from the NY clown-court and its jester-judge.
With the approval of that deal, Trump’s net worth went from around $4.5B to $8.5B, so the only restriction on Trump raising funds is that he cannot do so with any bank in the state of NY.
As for the appellate review of this case, they have already ruled against this judge and in this same case four separate times, so I do not think they are playing Engoron’s get-Trump game. Remember, Trump has around 25,000 New Yorkers that he employs.
Regardless of Engoron’s palpable hatred for Trump, the remainder of New Yorkers do not share in that sentiment, nor does the appellate court.
You might say, Trump was 10 plays ahead of Engoron’s ruling.
Now it appears Engoron’s ruling may have also stuck a hot poker in the eyes of the American truckers, who have vowed to bring pain to the state. Let us see what they can do.
See you all at the ballot box! TRUMP 2024!
That’s a good analysis.
And the DWAC decision is definitely a saving grace. Garbage like Engoron, Hochul and James can only imagine such numbers.
So Trump may be able to outdo them but it never should have happened.
I simply don’t trust anything from the astonishingly crooked state of Noo Yawk. If the Appeals court is actually almost on the level, that’s shocking to me. But I do believe that political pressure from all levels - Trump’s own employment base and by now, every real estate business of any size - can have an effect.
We’ll see.
I agree. This is WAR !!
In all-out war, you eliminate the ability of the enemy to wage war.
The rest of America should destroy the ability of New York to wage this war by organizing to CEASE all shipments of food into New York City.
A starving people cannot wage war and a starving people will turn on their elected goons quickly. I cannot think of a better tool to unleash anarchy in that corrupt city.
The truckers of America can do FAR MORE DAMAGE to New York City in one week of food disruptions than a fine of $360 million could EVER damage Donald Trump.
New York City has a population of 8 million people. One can only imagine the effect of cutting off their food supply.
In one week, this could bring this corrupt city to its knees. There is no place on Earth more deserving of it.
I once had lunch with an old guy in a NYC diner.
He said he had never left the city in his life. Why bother? Everything ya could ever want was right there.
Thought that was hilarious at the time. He had no idea where the food came from, the cars, the building materials, nothing.
It all just appears by Magic! Because you know, Noo Yawkers produce so much that the rest of the world wants....like....like....huh, stumped here. Other then financial gimmicks, they got nothin. And the finance thing can be moved anywhere nowadays because it’s all just a secure server farm.
The rest of the country really needs to jettison this bag of s**t leeching off the rest of us. They had a little reprieve when the Islamonazis took out the buildings, but that’s almost gone now as a memory. So time to tell them to pound sand. Expel them from the union. They invaded the South 164 years ago to force the South to remain tied to them, let’s not bother with the “you can’t secede crap” anymore, let’s just tell them to get lost. We don’t want their interference.
18 U.S. Code § 595 - Interference by administrative employees of Federal, State, or Territorial Governments
Whoever, being a person employed in any administrative position by the United States, or by any department or agency thereof, or by the District of Columbia or any agency or instrumentality thereof, or by any State, Territory, or Possession of the United States, or any political subdivision, municipality, or agency thereof, or agency of such political subdivision or municipality (including any corporation owned or controlled by any State, Territory, or Possession of the United States or by any such political subdivision, municipality, or agency), in connection with any activity which is financed in whole or in part by loans or grants made by the United States, or any department or agency thereof, uses his official authority for the purpose of interfering with, or affecting, the nomination or the election of any candidate for the office of President, Vice President, Presidential elector, Member of the Senate, Member of the House of Representatives, Delegate from the District of Columbia, or Resident Commissioner, shall be fined under this title or imprisoned not more than one year, or both.
This section shall not prohibit or make unlawful any act by any officer or employee of any educational or research institution, establishment, agency, or system which is supported in whole or in part by any state or political subdivision thereof, or by the District of Columbia or by any Territory or Possession of the United States; or by any recognized religious, philanthropic or cultural organization.
https://www.law.cornell.edu/uscode/text/18/595
‘ESSENTIAL’ FEDERAL SPENDING BILL
....
The Treasury shall withhold payment of all money under current federal law to the State of New York and its political subdivisions and legislated entities and pay it instead to Donald J. Trump upon his application at any IRS office in the State of Florida until he has received $500 million.
Any payment he shall so received shall be free of federal revenue imposition.
There shall be a 100% federal excise tax on all punitive damage award income in excess of the lesser of:
1. 10% of the federally taxable income of the defendant(s) in the last federal income tax year(s) for which a return was last due prior to the initial case filing date(s), in the jurisdictions which the injuries of the plaintiff(s) occurred,
2. the annual income of the plaintiff(s) in the last federal income tax year(s) for which a return was last due prior to the initial case filing date(s).
The plaintiff(s), their legal representative(s) and the court(s) awarding such punitive damages shall be jointly and severably liable to file such federal tax returns as the Secretary of the Treasury shall require and for the tax itself.
BTTT
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