Posted on 02/19/2024 1:35:33 PM PST by ChicagoConservative27
Former President Donald Trump must pay nearly half a billion dollars as a bond to New York State before he can appeal the ruling by Judge Arthur Engoron last week that he must pay $354 million in fines — over $450 million, with interest — for fraud.
Critics have noted that Trump is the only person ever to be sued under an obscure New York fraud statute that does not require any harm be done, and that effectively criminalizes the everyday practice of real estate valuations in negotiations with banks.
Though Attorney General Letitia James — who ran for office promising to target Trump — claimed that no one is above the law, her case against Trump marks the only such case in the history of the state. And the staggering fine is likewise unprecedented.
(Excerpt) Read more at breitbart.com ...
And the Republican establishment is behind this as well.
Even worse they know destroying Trump alone is not enough to spark CWII.
Keep in mind that any such transaction will have to be approved by the court appointed monitor.
The recent deal concerning Truth Social won’t help Trump anytime soon. I’ve read reports that the deal gives him a big stake in the merged company, but on the condition that he can’t sell any of the stock for six months.
Could he use the stock as part of the collateral to induce a surety company to issue a bond? I’m dubious. Those companies like to be certain that, if they have to pay on the bond, they’ll be able to recover what they’re out. Valuing Truth Social is a tricky proposition. Who knows what Trump’s shares will be worth six months from now?
When the trapped animal gets forced into a corner, look out!
It’s not me they want; they’re really coming after YOU!
The former president has 30 days from the ruling to come up with the cash or secure a bond to appeal the $364m verdict against him, a figure that is growing to nearly half a billion dollars with daily interest. An appeal would effectively require a deposit in the form of a bond to front the costs for him.
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Sorry to learn of this caveat about his not being able to sell any stock for six months when he ONLY has 30 days to file his appeal—and post BOND.
Thinking that he expected a severe verdict from the biased judge and somehow has a plan.
Still will hold out hope that a few wealthy friends will be able to help somehow.
Heck, the gummint couldn’t even run a whorehouse in Nevada!
https://www.foxnews.com/entertainment/sex-tax-what-happens-when-the-government-runs-a-whorehouse
Chauvin was convicted by a jury, not a judge.
NY State is stealing Trumps money to pay for state operations/ To close down their budget gap a bit. This is simple to understand thievery. What you saw was the NY State judiciary facilitating this.
What Trump did or did not do is irrelevant. NY State just wants the half billion dollars he might have to payout.
It’s pretty frightening to realize that all that stands between us and total tyranny is SCOTUS. The democrat totalitarians have taken over whole areas of the country now.
“Trump should immediately order his properties in New York VACATED NOW, all employee’s Fired, Auction off the contents that have value and RAZE the buildings, all BY COURT ORDER”
Trump and his sons are no longer running the company. The judge banned them from doing business in the state . The judge appointed a court administrator to run the firm. Who knows what the administrator will do. There may not be a company in three years.
Going full soviet will do that to a nation.
“It would be cool if Trump sued the state for his civil rights violations and walked away with more than this clown ordered him to pay.”
And of course Trump would have to move the court because of the clear bias against him there. I would go with Texas or maybe South Carolina.
I understand that conceptually but just because someone loses a state court case doesn’t mean they automatically get a Mulligan in federal court. Don’t they need to exhaust all state appeals first?
Is this forbidden by the Constitution as a cruel and unusual punishment?
People foot-stomping that the fine isn't fair might feel good, but really doesn't get the case into the appeal system.
Appeal bonds of this sort require collateral in addition to the premium. Unfortunately for Trump the collateral is usually 100% cash or 200% or more in property, and the property has to be on encumbered. He likely doesn’t have $400 million in cash or $800 million in unmortgaged property.
That's primarily but not exclusively referring to criminal cases.
>The democrat totalitarians have taken over whole areas of the country now.
With the aide & support of the (R)N(C). Unfort., too many around here won’t acknowledge the same nor change their *poop* voting habits of the faux dichotomy
“It’s the MOST important election *EVER*”...again
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