Posted on 03/20/2024 11:21:14 AM PDT by Red Badger
New York Attorney General Letitia James is pushing back on Donald Trump's "extraordinary" request for a stay of his $464 million civil fraud judgment, arguing the former president's recent request was unreliable, procedurally improper and based on a flawed premise.
"There is nothing unusual about even billion-dollar judgments being fully bonded on appeal," Senior Assistant Solicitor General Dennis Fan said in a filing this morning. "Defendants object to a possible 'fire sale' if they were to sell assets to generate cash to use as collateral for a bond or as a deposit —but the alternative would be to shift the risk of executing on defendants' illiquid assets to OAG."
Earlier this week, Trump's lawyers argued that the former president is unable to secure a bond for the judgment – having been rejected by over 30 insurance companies – due to its size and his need to post properties as collateral.
The AG argued that the former president has failed to demonstrate his effort to secure a bond using properties as collateral, suggesting the issue is a product of Trump's doing because his "holdings are not nearly as valuable as defendants claim."
"Defendants supply no documentary evidence that demonstrates precisely what real property they offered to sureties, on what terms that property was offered, or precisely why the sureties were unwilling to accept the assets," the filing said. "As far as the Court can infer, sureties may have refused to accept defendants' specific holdings as collateral because using Mr. Trump's real estate will generally need 'a property appraisal' ... and his holdings are not nearly as valuable as defendants claim."
(Excerpt) Read more at abcnews.go.com ...
How many insurance companies have turned Trump down because they are afraid of being targeted if they help Trump?
This is James’ moment in the sun. She got the evil Trump just as she said she would. Nothing is illegal, immoral, or unethical in pursuit of slaying Trump.
It sickens me.
I bet the victim of this fraud really wants it to end so they can recover the money they were defrauded out of by Trump...
New York’s AG is evil, working on Satan’s behalf, not on behalf of the citizens of New York. The eternal terror of hell is her future.
“PREPARE FOR THE END OF YOUR CIVILIZATION” is what I obviously meant to say. I need a new iPhone keyboard with fatter keys for my man sized hands
“holdings are not nearly as valuable as defendants claim.”
If that’s true, then the disgorgement calculations are a fraud as well and the outrageous fine is even more fraudulent.
Excellent point.
Chilling effect is part of the Saul Alinsky style the Dems have used for years.
Other organized crime groups like them used mutilated corpses of people who crossed them or stood up to them as a chilling effect.
How can this clown show be stopped?
Despicable garbage, that Tishkabibble and Judge Eggnog!
trophy shiksa ? who dat be?
Bingo. What would stop Jessie James from running the same play on them? I hate to say it but
Trump should call her bluff and dare her to seize his assets. Come and get them.
Kind of sounds like this whole, sham case against Trump.
Now tell me again why Trump has to pay half a billion dollars in extortion fees!
What actually is “extraordinary” is the insanely high punitive amount to make up for the nonexistent damages when no damages or monetary loss to alleged victims (the businesses and the people of New York) was ever charged or proven in court.
Not like teenage girl texting and crashing through a red light intersection to destroy victims’ lives. Or Madoff stealing millions from people’s life savings so they ended up penniless. True loss usually results in punitive damages in court.
Nothing unusual? Okay, I’ll bite, what is the previous largest bond in New York?
Trump should hire MS-13 to sort these people out.
All of them. NONE want the publicity and deep-state backlash
The devil ALWAYS overplays his lying hand. Somehow, someway this will turn around and President Trump will be exonerated.
God makes a way when there seems to be no way.
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