Posted on 02/26/2024 7:23:55 AM PST by ChicagoConservative27
Former President Donald Trump filed a notice of appeal Monday in the matter of the New York civil judgment finding him liable for fraudulently inflating his net worth on years of financial statements.
The judgement curtailed his ability – and that of the Trump Organization – to do business in New York or apply for loans from financial institutions registered with the state.
Trump asked an intermediate-level state appellate court to overturn Justice Arthur Engoron’s Feb. 16 ruling in a civil fraud lawsuit brought in 2022 by New York Attorney General Letitia James, Reuters reports.
Trump’s post-judgment interest will continue to accrue at $111,984 each day until it is paid, according to the office of New York Attorney General Letitia James, who brought the case against Trump and his company, CBS News notes.
(Excerpt) Read more at breitbart.com ...
BTTT
And that annoys me so very much.
Q directed to any FR legal eagles: Does this mean President Trump paid the huge judgement into some form of escrow account? If yes, why does he still need to pay interest?
If he does pull of t( win in November, I would cut all funding to New York from the federal budget. Screw ‘em.
It is $455 mil now- one month of interest evidently adds up to $100 mil
What are they Loan Sharks ?
Trump should campaign on the disgorgement of ill-gotten invader fraud gains.
Perhaps:
The Attorney General of New York State and some judge who refused to allow me to argue my case as I think Amendment VIII requires think I should have to disgorge my gains simply because I gave banks my estimates of my financial valuations for my properties. I don’t pay $100 million for a commercial property to sell it for $100 million. I search out and buy undervalued properties with an eye to making a big profit. I’ve been doing that for over five decades. I’m good at it. Democrat Warren Buffett is very good at spotting undervalued companies and making them live up to their potential.
Now these people invading our country. They are coming through Mexico which millions of Americans visit annually. Is Mexico crime free? No. Is America crime free? No. Is Mexico safe enough to earn billions of American tourist dollars annually? Yes. These invaders claim there is no safe place in their country or in Mexico. That is a bald-faced lie.
If disgorgement for fraud can be applied to native born Americans, why should it not be applied to asylum system fraudsters and their born-here beneficiaries?
“Loss of national citizenship is possible only under the following circumstances:
“Fraud in the naturalization process. Technically, this is not a loss of citizenship but rather a voiding of the purported naturalization and a declaration that the immigrant never was a citizen of the United States.”
https://en.wikipedia.org/wiki/Fourteenth_Amendment_to_the_United_States_Constitution
I’ve ceased any work with anyone inside of New York State. I’ve told people that I will not do any business with or for any company or people in NY. If they don’t rise up and call their reps, they deserve it.
The SCOTUS already ruled (9-0) on this in Timbs vs Indiana (2019). The state cannot assess excessive fines.
Because to them these miscreant inquisitors are heroes.................
Roughly $112,000 per day X 30 = $3,360,00 per month
One year would be about $40,000,000
It's equivalent to saying you committed fraud if you put your car up for sale for $10,000 but sell it for $9,000.
Trump might ask his banks sue to ‘recover’ the allegedly fraudulent gains.
The banks would have more right to them than the State of New York.
After paying tax on the profits, they can then pay the balance (about 70%) to Trump.
Mark Levins show last night discussed how the courts judgement was unconstitutional according to the 8th Ammendent to the Constitution,this type of case has happened and been adjudicated according to the 8th amendment of the Constitutionby the Supreme Court,the Judgement was 9-0 with Ruth Badger Ginsberg reading the judgement!
Well they have indeed issued an excessively excessive fine.
Trump has always paid his taxes, but he always fought to keep every nickel.
Here is a Supreme Court of the United States Ruling in a case Timbs v. Indiana decided February 20, 2019. It was. 9-0 ruling with Ruth Bader Ginsburg writing the opinion.
The State sought civil forfeiture of Timbs’s vehicle, charging that the SUV had been used to transport heroin. Observing that Timbs had recently purchased the vehicle for more than fort times the maximum $10,000 monetary fine assessable against him for his drug conviction, the Indiana trial court denied the State's request.
The vehicle's forfeiture, the court determined, would be grossly disproportionate to the gravity of Timbs’s offense, and therefore unconstitutional under the Eighth Amendment's Excessive Fines Clause. The Court of Appeals of Indiana affirmed, but the Indiana Supreme Court reversed because the Indiana Supreme Court Claimed the Eighth Amendment does not pertain to citizens of Indiana.
Amendment VIII
Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted.
The Eighth Amendment's Excessive Fines Clause is an incorporated protection applicable to the States under the Fourteenth Amendment's Due Process Clause. (Incorporation Doctrine)
The Fourteenth Amendment's Due Process Clause incorporates and renders applicable to the States Bill of Rights protections “fundamental to our scheme of ordered liberty,” or deeply rooted in this Nation's history and tradition.”
If a Bill of Rights protection is incorporated, there is no daylight between the federal and state conduct it prohibits or requires.
The prohibition embodied in the Excessive Fines Clause carries forward protections found in sources from Magna Carta (1215) to the English Bill of Rights to state constitutions from the colonial era to the present day.
Protection against excessive fines has been a constant shield throughout Anglo-American history for good reason: Such fines undermine other liberties. They can be used, e.g., to retaliate against or chill the speech of political enemies. They can be employed, not in service of penal purposes, but as a source of revenue. The historical and logical case for concluding that the Fourteenth Amendment incorporates the Excessive Fines Clause is indeed overwhelming.
The Supreme Court has in the past ruled on a case like this,citing the 8th Amendment of the Constitution,it was a 9-0! Ruth Bader Ginsberg read the decision!
They keep putting up the figure of $455 mil on the news- said it was one month’s worth- maybe something else was figured in to that figure, I dunno, but the mudgement has now swelled to $455 apparently.
Cut funding?
The rest of the States need to expel NY and CA from the Union.
They may say that secession is illegal but nobody said that bad actors can’t be thrown out.
NY is a rotting irrelevant cesspool of corrupt lawyers and finance scammers.
I think they started accruing interest before the proceedings were over.
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