Posted on 02/17/2024 1:45:17 PM PST by Red Badger
New York Attorney General Letitia James said Donald Trump and his organization owe $463.9 million, which includes the interest on top of the $355 million. He also owes the “rape” victim with a crazy story and no evidence, E Jean Carroll, $88 million, which he has to pay for defaming her already tarnished reputation.
He has to find the money or part of it, depending on what the court determines, and put it in escrow quickly. Interest accrues daily for this bogus lawsuit. Not only that, the interest accrues while the appeals take place.
Letitia James is the top lawmaker in New York State, and she is a “communist,” partisan hack who brought a sham case against Trump with a judge whom many on the left call a communist.
Many other lawsuits were pending appeal, but Trump opted not to appeal a court’s decision that found he is not immune from civil lawsuits that blame him for the Jan. 6 attack on the Capitol. He’ll face those also, as the left seeks to bankrupt him as they promised they would when he was president.
THE DETAILS Politico gleefully reports: In the civil fraud case, which is in New York state court, if Trump can’t post the funds or get a bond, then the judgment would take effect immediately, and a sheriff could begin seizing Trump’s assets.
The rules are different in federal court, where E. Jean Carroll’s case was determined. Carroll could pursue post-judgment discovery under the jurisdiction of the judge who oversaw the trial.
Her lawyer said he would pay. The judge used “judgment enforcement mechanisms” [liens or garnishments] to “make sure he pays.”
In all three cases, he has to put money in an escrow account with the court or get a bond while appealing the verdicts.
The judge also handicapped the Trump family by banning Donald from doing business in New York for three years and his sons for two years. Additionally, he is banned from taking out loans.
With the insane civil fraud verdict, Trump will appeal. However, Engoron gets to decide the amount to be posted or bonded. It is typically about 120 to 125 percent of the judgment amount to account for additional post-judgment interest that accrues during the appeal.
The Interest Will Continue Daily “Tish” James said the interest payments totaled $99 million and would “continue to increase every single day until it is paid.”
Trump owes another $110,000 for refusing to comply with a subpoena in the civil fraud case and $15,000 for repeatedly disparaging the judge’s law clerk in violation of a gag order. As part of Friday’s ruling, the judge also ordered both of Trump’s sons to pay $4 million apiece. Last month, Donald Trump was ordered to pay nearly $400,000 in legal fees to The New York Times after suing the newspaper unsuccessfully. He is currently appealing a judgment of $938,000 against him and his attorney for filing what a judge described as a “frivolous” lawsuit against Hillary Clinton.
The appeal in Trump’s civil fraud case will go before an intermediate-level court first. If it returns an unfavorable ruling, Trump could try to get the case taken up by New York’s top appellate court, though legal experts say that is unlikely. Trump has already deposited $5 million owed to Carroll for the first defamation case into a court-controlled account, along with an additional $500,000 in interest required by New York law. Carroll will not have access to the funds until the appeals process plays out.
According to WBALTV, in 2021, Trump had $300 million in cash but has since sold his New York golf course and his D.C. hotel. He also has a nearly $4 billion windfall from the merger of his Truth Social platform.
Communist New York Communist New York is a dystopian hellhole of corruption. It’s not safe to do business here, especially if you are in real estate. The way the laws are twisted, the powers that be can put you in jail or bankrupt you with any arcane law or distorted law they want whenever they want. Not guided by morals or laws, they are very dangerous. If they can do this to a very wealthy former president, they can do it to anyone.
The communist Democrats will rue the day they pursued this against a political opponent because one day, they, too, will be a victim. Laws apply to everyone or no one.
Alan Dershowitz says New York is in the habit of making up laws now. He can’t figure out where this disgorgement number came from. There are no victims to use to come up with figures. It’s only an effort to punish Trump. The judge exaggerated the harm and diminished the value of the Trump properties.
Watch:
VIDEOS AT LINK...................
Even if President Trump does not need to sell any properties, it would be great if he would sell something that is already in one of the declining Blue States or Blue Cities. He would not receive as much profit, due to the absolute cratering of building prices/worth in Blue States, but it would deny those Blue States of future revenue.
One of the thing democRATS despise about President Trump, Elon Musk, and others is they made their fortunes the old fashioned way, they EARNED it. They also hate that they can afford to defend themselves, sue, and counter sue the creeps that attack them.
I will never forget how they went after General Flynn. He had to sell and mortgage to defend himself. He finally ‘agreed’ to plead when Weismann and company threatened to go SF his son.
Truly Evil.
I sent some $ to a fund for Sarah Palin who then announced she had nothing to do with the fund. The guy got away with over 80k as I recall.
But ,Trump told everyone he was billionaire and could fund his own campaign .
Now Trump the Billionaire is Panhandling Desantis shut downTrump for trying to Sneakily get all FL Residents to pay 5 M of his
bad decisions and legal fees . The nerve of this fake billionaire .
If you compromise with Evil, you just get more evil...................
Thank you. See tagline.
I thought it was 30 million he would have to put up
Well ... it's pleasant to think so, anyway.
IIRC, that was for the crazy CAT LADY LAWSUIT.............
I think we need to call a day.. a week, of prayer.. call for all who care and want to do something, go to the local church and pray... as many as can.. gather and pray!
When WWII was over, we all went to the local church and rang the bell..prayed.. gave thanks.. it was spontaneous..
They have the judges to do this ... God is watching.. who will go to their knees and ask for our land to be saved and not taken by a crooked and evil government.
This is not all joe... the power someone thinks they have, is in full swing to do a fast take over.. they stole the election.. no one stopped them. they put a demintia patient in the oval office with a person behind the curtan.. no one stopped them... next is to make the official announcement and put on the crown.. no one will stop them???
God in Heaven.. You know the government we have is against You and all You stand for. They have an evil grip on this land that You have blessed again and again. I ask You to intervene and come forth. the evil that is seemingly in charge, You know who they are.. come in all Your Power and reveal to the Person, the Power you are and have. Blow their plans all to pieces with the Power of Your Glory.
Come and let the world see You... the Son of God.. Holy and able to save this world.... Amen...
ohhh dang it never ends..depends how much money he has in the bank to do the appeal..absolutely RIDICULOUS the entire thing, EVERYONE does this, not just corporations but regular people, everyone does the same damn thing but they ONLY go after Trump because they want to bankrupt him they enjoy watching him suffer
and the day they know Trump is over... your life will never be the same... from that moment, all hell will take over... dumb and ignorance is not your friend when you worship the one who has death in mind for all that do not bow...
That's the same GoFundMe I posted up thread.
How do you know Trump will get a penny of the money raised? Because she said so?
There's already many perfectly legitimate avenues available to donate to Trump.
I would give $50 bucks at the drop of a hat, and I think there are a million people just like me.
_____________________________
Me, too. I agree with you. We want to help him.
If Trump wants to set up a separate GoFundMe or GiveSendGo, he will.
Until he does, assume that all the others set up in his support are scams.
Didn’t he just make $4 billion from truth social?
He just made billions of dollars from his website.
Not quite yet...................
” The communist Democrats will rue the day they pursued this against a political opponent because one day, they, too, will be a victim. Laws apply to everyone or no one. “
This sort of delusion is why “conservatives” keep losing.
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