Posted on 03/20/2024 8:23:37 PM PDT by nickcarraway
“this is most clear-cut case of an 8th amendment violation I have ever heard of in my entire life.”
No kidding. “We fine you $1 billion (or $10 billion or $100 billion). Now put up that entire amount so you can appeal. If you can’t put up that bond, we will confiscate your assets.”
And there was NO crime. The parties negotiated the property valuation. The loan was paid back in full. The bank did not file a complaint.
They just keep killing the rule of law over and over and over. This is SO serious and most people in the nation don’t have a clue about how serious this is.
Anything over $20 requires the option of a jury trial. Another Constitutional violation.
I’d like to know how the judge in the Trump case came up with this half a billion dollar fine. There are no victims, banks made money, so who was ripped off?
Ping...
The leftist attorneys and politicians are using lawfare in order to establish themselves as multi-million dollar high-priced squatters.
.
“I’d like to know how the judge in the Trump case came up with this half a billion dollar fine.”
Reached behind and extracted it from between her butt cheeks.
>I’d like to know how the judge in the Trump case came up with this half a billion dollar fine.<
It appears to be the valuation Trump put on Trump Tower NYC that James said was overvalued. Ironically, it looks like the property she wants to seize is Trump Tower at that “overvalued” price.
EC
“I read some Leftist’s opinion piece and it was anti-Trump” is really all you needed to post.
yep, this is Putin level stuff at this point.
She is a he.
“He has to put up the $400+ million first to begin the process all the way up to SCOTUS. That’s why I’ve been saying that Letitia and Engoron has him in a catch-22.”
If Trump successfully appeals to the Supreme Court and prevails, could he then file a lawsuit against the State of New York, claiming infringement of his rights and seeking compensation for $400 million, legal costs, and personal harm, totaling approximately $1 billion?
I fully understand where many people think that there's a (unconstitutional) catch-22 that Trump or any appellant get past.
But if they deny hearing his appeal I see no reason why he can't still appeal "all the way up".
I can give you examples where the highest state courts have denied even hearing an appeal, and SCOTUS heard the appeal.
Here is how the judge came up with the amount and Trump’s reaction. More at the link below.
WHY DOES TRUMP OWE SO MUCH?
Engoron found that Trump’s phony wealth claims were critical to his success, affording him lower loan interest rates and allowing him to build projects he wouldn’t have otherwise been able to finish. The judge determined that those savings and windfall profits were “ill-gotten gains” and ordered him and his co-defendants to cough them up to the state, with interest.
Trump, both individually and as the owner of various corporate entities, must pay:
— $168 million, plus interest, in savings on loans he obtained using his inflated financial statements for a golf resort near Miami, a Chicago hotel and condominium tower, a Washington, D.C. hotel and a Manhattan office building. Trump obtained three of the loans through Deutsche Bank’s private wealth management unit, which offered lower interest rates than its commercial real estate division, and used his financial statements to show the bank he was wealthy and a good credit risk.
— $126.8 million, plus interest, in profit from selling the Trump International Hotel in Washington in May 2022 to a company that now operates it as a Waldorf Astoria. Trump used $170 million of the $375 million to pay off a loan on the property. Other proceeds went to his children.
— $60 million, plus interest, from selling the rights to manage a New York City golf course in June 2023. Engoron noted in his ruling that the buyer, Bally’s Corporation, stands to pay Trump an additional $115 million if it obtains a casino license for the property. However, he did not say if he would require Trump to give up that money, too.
Trump’s sons, Eric and Donald Jr., must each pay a little over $4 million, plus interest, to the state for their shares of the Washington hotel sales. Weisselberg, the former Trump Organization finance chief, was ordered to pay $1 million — half of the $2 million severance he’s receiving.
WHAT DO TRUMP AND HIS LAWYERS SAY?
Trump called the decision “weaponization against a political opponent” and complained that he was being penalized for “having built a perfect company, great cash, great buildings, great everything.”
“President Trump will of course appeal and remains confident the Appellate Division will ultimately correct the innumerable and catastrophic errors made by a trial court untethered to the law or to reality,” Trump lawyer Christopher Kise said.
Trump and his lawyers have said that outside accountants that helped prepare his financial statements should’ve flagged any discrepancies and that the documents came with disclaimers that shielded him from liability. They say Trump never told anyone to inflate the value of assets and that, if there were discrepancies, no one was harmed.
“There were no victims because the banks made a lot of money,” Trump said Friday, echoing his trial testimony in November.
Trump testified that regardless of what his financial statements said, banks did their own due diligence and would’ve qualified him for the loans anyway. He said there’s no evidence that the terms or pricing would have been any different.
OK thanks. His “phony wealth”. What a joke. So by that logic anybody can walk into a bank, claim they are a billionaire and ask for a massive loan which of course will be approved because banks are just that gullibe. Are they kidding me with this garbage?
This is insane. What if that corrupt lying sack of sh*t Judge had said a "Trillion" dollars? Is our legal system so dysfunctional that it would take such a fine seriously?
That's what it is doing with this ridiculous half a billion dollar fine. On it's own merits, it should be tossed out with no further commentary because it is wrong on a fundamental level.
And that judge needs to be beaten so bad he goes to the hospital with broken bones and a concussion. The nation needs to start getting mean with corrupt arrogant tyrants.
Knowing Guy (a Christian) and how angry this wounded Huey chopper pilot who flew over 1,000 combat sorties & has Agent Orange damaged lungs & heart, it was probably hyperbolic.
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