Trump is prepared to post $100 million bond but not the full $454 million judgment, lawyers say

New York AG Letitia James has said that she will seek to seize some of Trump’s assets if he’s unable to pay the judgment.

Donald Trump’s lawyers asked a New York appellate court Wednesday to halt collection of the former president’s $454 million civil fraud judgment while he appeals.

Trump’s lawyers said in a court filing that he is prepared to post a $100 million appeal bond rather than a bond covering the full amount, which would have automatically paused enforcement.

They said a provision in Judge Arthur Engoron’s Feb. 16 ruling that bans Trump, his company, and co-defendants from obtaining loans from New York banks for three years would make it impossible for him to obtain a bond covering the full judgment.

kescusay,
@kescusay@lemmy.world avatar

They said a provision in Judge Arthur Engoron’s Feb. 16 ruling that bans Trump, his company, and co-defendants from obtaining loans from New York banks for three years would make it impossible for him to obtain a bond covering the full judgment.

So you’re not a fucking billionaire, you demented shitweasel. Got it.

Can you believe the nerve? “Judge, I know part of the reason I’m in hot water is because I lied through my fucking teeth to banks to get them to give me loans, but now that I can’t get loans anymore, I’m outta money, and that’s totes unfair, so can I pretty please get loans again?”

How about no, and fuck all the way off?

AnotherAttorney,

So you’re not a fucking billionaire

I think you’re misunderstanding how net worth works.

Being a billionaire doesn’t mean that you have a billion dollars of liquid cash laying around. It means your total assets are worth at least a billion dollars. To rapidly translate those assets into liquid cash, you loan against them.

ForestOrca,
ForestOrca avatar

No loan, no worry. Just go ahead and sell 454M in assets. Can't just sell them? No worries, AG James is completely willing to take those assets and sell them, at a reasonably assessed value.

SeaJ, (edited )

Yeah, if you have billions in assets, you can liquidate some of them to pay up. The only way you are unable to pay is if your assets are not actually worth enough.

Jaysyn, (edited )
Jaysyn avatar

Too bad, shithead. Which building do you want to lose first?

Red_October,

Let’s see how well that works out for him. This oughtta be fun.

bradorsomething,

Classic trump, he thinks it’s valued at $454 million, so the true value must be 25% of that.

SaltySalamander,
SaltySalamander avatar

Aww, that's too bad.

ArtVandelay,
@ArtVandelay@lemmy.world avatar

Oh I’m sorry, stable genius thought this was a fucking negotiation

njm1314,

Hell, is that how it works? I’ve been doing it wrong my whole life.

DingoBilly,

And this guy is a frontrunner for president in the USA. Lol what a fucked up country.

xenoc,

Trump acting like he’s making another business deal rather than finally meeting up with external reality.

RedditWanderer,

Tbf he’s gotten away with it every single other time lol let’s hope this time it sticks. There are other people invested in Trumps success.

Mastengwe, (edited )

Feb. 16 ruling that bans Trump, his company, and co-defendants from obtaining loans from New York banks for three years would make it impossible for him to obtain a bond covering the full judgment.

This is the ABSOLUTE icing on the cake. The beautiful finish to an already amazingly heart-touching fuck around and find out story.

blazera,
blazera avatar

So there should be an announcement this week of assets to be seized, right? Or Letitia goes on the pile of officials in deteliction of their duty to law.

TruthAintEasy,
TruthAintEasy avatar

Just think, if he had just made another tv show instead of being president he wouldnt be going through all this.

Breve,

Yes, it’s the court ordered ban that would prevent him from getting a loan, not the judgement of defrauding banks… 🙄

Treczoks,

No full bond, no appeal. No appeal? Then pay up. Or get repo'ed.

FfaerieOxide,
FfaerieOxide avatar

They said a provision in Judge Arthur Engoron’s Feb. 16 ruling that bans Trump, his company, and co-defendants from obtaining loans from New York banks for three years would make it impossible for him to obtain a bond covering the full judgment.

Sucks to suck.

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