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...................
These Democomm authorities will find it interesting with no long haul deliveries and people having to forage for sources of food. Raccoons and opossums beware- squirrels too! Ducks and geese at ponds in parks may start to disappear.
You’re an idiot. You really think it’s about Trump. You are indeed not smart.
Amen
The right of appeal gets cheapened when one judge can wreak so much chaos before appellate review. To often, the American justice system fails due to the whims of a single judge, and a lack of a functional system of disciplining renegade judges.
He just made billions of dollars from his website.
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Fact or assumption?
Time for Trump states to declare New York a criminal, fascist syndicate and issue arrest warrants against New York judges, prosecutors and politicians.
And swans......................
What a stupid comment. Congratulations.
And how many millions does Al Sharpton owe the IRS that he hasn’t paid a cent in 30 years.
TRUCKERS have announced that starting MONDAY-—they will NOT make deliveries to NYC.
THE TRICKY PART OF THIS LAST JUDGEMENT-—
THERE WERE NO LAWS BROKEN
Unfortunately trucking is full of non-citizen, or recent citizen drivers who will go anywhere they are told. I don’t see this having a huge effect on the city of New York.
I hope I’m wrong
IBTZ
We should set up a crowd fund for him. Instead of sending campaign money to WinRed for them to divvy up to GopE and some to Trumps campaign, this money could go straight to him to fund his appeal.
There supposedly already is, and it was reported to have accumulated $50K by late last night............Haven’t heard the total lately............
Currently:
$172,894 ...................
So you are perfectly fine with the people who would crush your freedoms and make slaves of your family by using dirty, criminal tricks to destroy the only thing standing between them and you? $500 million is a lot of cash to come up with. Billionaire or not, that is a lot of money. I’m sure that it’s just not sitting around in his checking account. You do realize that they would have done the exact same thing to Desantis had he won the Primary.
Drew68, the problem with sending it there is that he has to abide by campaign laws. He can’t spend that money on his lawsuit. Also, WinRed will send some of it to GOP
Not in cash. He needs cash
Thanks Red Badger!
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