Posted on 02/21/2024 9:52:15 AM PST by Rummyfan
New York Creates Precedent That Could Threaten Every Big Business In New York, and Send Them Fleeing, With Their Money, to Safer Climes; Kathy Hochul Reassures Them By Admitting This Law Will be Applied to Trump Only and No One Else
Jonathan Turley on the huge, and unconstitutional, penalty the open partisan hack judge levied on Trump -- and his demands that Trump put up the money for his exorbitant fine before Trump is allowed to challenge the fine as excessive.
n the wake of the massive judgment against Donald Trump, many in New York are celebrating the prospect that the former president could be forced to sell off his property just to appeal the $355 million judgment against him. While Trump has good grounds to object to this excessive fine, he still has to come up with close to a half billion dollars just to make his arguments to the New York Court of Appeals.
In order to file an appeal, the courts require a deposit for the full amount of the damages or a bond covering the full amount. Even with escrow options, the call for cash or collateral can be enough to put some executives in a fetal position.
It can be challenging enough for many companies drained from years of litigation. For Trump, the demand for $355 million plus about $100 million in interest could force a fire sale on properties to pony up just the deposit.
Engoron has also decreed that Trump is not allowed to "do business" in New York, which includes borrowing from his previous lenders to pay the money for this bond.
In other words, Engoron has both levied an excessive fine against Trump, while simultaneously forbidding him from obtaining enough in loans to pay for the bond to protest the excessive fine.
(Excerpt) Read more at acecomments.mu.nu ...
This is so illegal.
Absolute tyranny!
A partial list of NY State companies to not do business with.
https://allamerican.org/states/new-york/
“Kathy Hochul Reassures Them By Admitting This Law Will be Applied to Trump Only and No One Else”
I’m not a lawyer but this doesn’t sound right.
You can tell he really ran the interest calculations to the seventh decimal by how incredibly round the number came out.
It succeeded wonderfully with New Yorkers, who celebrated the verdict like a popular public execution. It also worked wonderfully to make it difficult to appeal. Much of the criticism of the decision focused on the unprecedented use of the law and the excessive size of the fine. The New York statute has been on the books for decades and has always been something of an anomaly in not requiring an actual victim or loss to justify disgorgement or fines.
Even the New York Times agreed that it could not find a single case in history where this statute was used against an individual or a company that did not commit a criminal offense, go bankrupt, or leave financial victims. Engoron then combined that unprecedented application with an equally extraordinary penalty, which is greater than the gross national product of some countries.
Thx.
Won’t happen to anyone else but Trump, BS. If you are a Republican doing business in NY, you had better wrap it up and get out. If you think they won’t come after you too, you’re crazy.
...sounds a sophisticated and big ticket form of “debtor’s prison.”
Every business owner in New York has been put on notice that the State of New York considers itself a party to every financial transaction in the state — and one that will aggressively pursue civil cases as an “injured” party even if no harm can be shown.
The organized crime world couldn’t have asked for a better incentive for businesses and their customers to operate entirely in a black market underground economy.
Yes a law that applies to only one individual. What about equal protection before the law?
Basically the ruling is, you have to be part of the Democrat machine or we ruin you.
You’d have to be insane to do business in NYC.
Sorry to tell you, folks - WE are the marxists now.
the globohomo Comintern is in Washington DC
Maybe she has never heard of ‘equal protection under the law’.
This lawfare actually threatens every business in the State of NY, big or small.
No savvy business will remain there.
They aimed for Trump, hurt him and blew up the whole state.
I will never set foot there again and will avoid transacting with any enterprise there. Too dangerous.
Courts have adopted a three-part test to determine if a law functions as a bill of attainder:
1.The law inflicts punishment.
2.The law targets specific named or identifiable individuals or groups.
3.Those individuals or groups would otherwise have judicial protections.
Banks use their own assessors for property.
IF the value was inflated, and Trump paid tax assessed on the higher value THEN he is OWED money in return based pff an overpayment of tax.
And further, why isn’t Lettucia going after the bank because the assessor would be guilty of conspiracy.
The answer is: no actual crime happened.
Their hate for Trump has consumed them. It will be their ultimate downfall and they won’t understand why.
Hopefully sanity will prevail and the precedent will be turned over.
Wear MAGA hat, find yourself in court.
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