A New York appeals court on Monday agreed to hold off collection of former President Donald Trump’s $454 million civil fraud judgment — if he puts up $175 million within 10 days.
If he does, it will stop the clock on collection and prevent the state from seizing his assets while he appeals.
A couple of important details that got overlooked.
Don Jr. and Eric Trump do not have to put up the $5 million each that they were fined. Those collections are being paused as well.
The restrictions against Don Jr. and Eric Trump that would prevent them from running the business for 3 years has been lifted.
So much for that accountability. Can’t wait to hear about the entire judgement getting tossed because an appelate judge decided that the Susan Collins rule of “He learned his lesson, and he pinky swears it won’t happen again” applies.
It’s fucking ridiculous. Anyone else would be in prison by now. This guy just gets to run out the clock because everyone in the justice system is too afraid to look biased.
Districts have to beef up security when the DA makes a press briefing. Judges are receiving hundreds of death threats and have to hire their own security. Law clerks and random employees being dragged into it and threatened because trump thinks they’re an easy target. Random low level officials having their lives ruined because they were randomly targeted. This is the life of trying to hold trump to account. Government officials admitting being unwilling to vote, speak out, or take action against him out of credible threats of retribution from lone wolf meth heads.
Given the political powder keg this country is currently in, it’s not surprising that there are few judges out there willing to pull the trigger and risk having to go into hiding for their own safety versus just giving him what he wants and washing their hands of the whole thing, which seems to be the current game plan for most judges.
I thought this is the exact reason why we keep outfitting SWAT guys with army surplus gear? Isn’t that so we can defend the country against terrorists and other violent criminals? So all that is actually exclusively for murdering unarmed people and throwing flashbang grenades in infants’ cribs, got it.
Yeah, I agree. But saying that it happened over the course of decades kinda misses the scope of the problem by a bit.
The ability to have powerful, unaccountable people, in or outside of government that is the problem. It’s allowing these hierarchies to exist in the first place that’s the problem, and is it not the same source of the problem we had with the divine right of kings?
The thing people forget, half of NY’s “real estate moguls” probably commit the same fraud, perhaps to a lesser extent and Broke Don was just caught with his pants down. But those business folk are of course whispering everywhere that this ruling could bankrupt NYs real estate market…
I do find it rather strange how it is worded “an appeals court has decided” … so is this ANOTHER appeals court that is meddling with the court case of the original court and the upcoming appeals court? Or are/will these be the same folks who will decide on the coming appeal case? If the latter I will start assuming they’ll throw the judgement out on a technicality (“the business in question is now located in Florida so there is no jurisdiction in NY” Or something lame like that)
Also it is unclear to me what their decision is based on, if the law states that on appeal a bond for the full amount needs to be met, how can they lower it just like that? Especially since Broke Don claims to swim in Billions of dollars… I can see the REASONING of wanting to lower it but I would think the law does not give leeway on it.
I could only think of just allowing a seizure of the assets but blocking them from sale while the appeal goes up, that seems a lot fairer than what they did here.
Frankly I am stunned how more and more explicit the justice system is openly breaking the US laws just to keep Broke Don in the saddle… is there anyone who can really stop them doing that?
Meanwhile I will not be surprised if the appeal for this case, and others will just get delay stacked on delay until well beyond the elections, probably stuffing it all in 2025. This under the feared and silent assumption the dictator from day 1 will have his Golden Throne from which he will excrete his decrees of revenge under his claimed full authority, impunity and immunity.
The law doesn't matter, it doesn't enforce itself.
The judges wanted it lowered for reasons, and so they lowered it.
The entire system is a lot more about people than most want to admit. The magic words on a page somewhere only exist to serve those in power, never to force them to do something they don't want to do.
The fuck do they mean an appeals court ruled on this, the 454 million was the appeal, the bond required to be posted to appeal the ruling. No other courts have jurisdiction over this shit, ignore that illegitimate court.
Honestly, considering he stated on Truth Social that he had 500M on hand, which he was absolutely NOT going to pay his bond with, I would’ve denied his appeal on that alone.
I also predict he will COMPLAIN about this gift on truth social, saying they should have reduced it to Zero. Spitting right in the faces of those judges that just gave him the gift.
Its worse, now he can get someone else, some idiot sucker to post the bond for him, and he’ll never pay a dime on this. He will tie the appeal up in courts for a decade and be long dead before ever paying anything.
Did the judge by any chance suddenly get $20 million richer?
How is this not corruption? All lawyers I’ve heard, say you need to put down the full amount. Are they ALL wrong?
It’s full amount to stop the state from beginning to seize assets yes, but his appeal can continue either way. I thought I read/heard that the appellate court did not have the power to do anything with judgements though, other than upheld/overturned. Now I have something to research.
He’s still on the hook for the full amount if his appeal fails
You know how long appeals can take right? Considering he can now get someone else to pay the relatively small bond, he’ll be dead from old age before he ever has to pay a dime of his own money.
Believe me, I’m not saying this is a good thing. He’s definitely getting special treatment, and I think that’s wrong. However, it’s not quite as bad as it sounds.
Sure, but if he doesn’t put it up at the beginning, why does anyone think he’ll pay up if he loses? He’ll just keep delaying, as he’s done all along with all of these cases. And if he wins the election, it’ll all go away anyway, which is the “all in” gamble his while life is basically riding on.
And in the meantime, he can devalue and divest while building a political warchest. Deny, deflect, delay. He will not face consequences because there is no justice in America.
He will not face consequences because there is no justice in America.
Trump will die outside of any prison or jailhouse, having never been locked up, likely without even an ankle bracelet, of natural causes, while living a 1% lifestyle. Mark my words.
devalue and divest while building a political warchest
What does that even mean? Don’t be a doomer. Every day he spends in court is less time and money spent on campaigning. Right now he has drained $50 million from Republican election funds to fight this, plus all the time and effort. That’s less time and money spent on supporting downballot Republicans.
Even if he won every case (which won’t happen) this is a distraction for him. Biden hasn’t even started campaigning, and has a massive amount of funding. Trump will lose and every doomer will say “well of course he lost, he was in court half the time! Biden got lucky!”.
Devalue: assets have only theoretical value until they are sold. You can borrow against that theoretical value, but the more you borrow, the less equity you have. Separate from using it as collateral for a loan, the value of an asset can drop for a variety of reasons. Real Estate can fall to disrepair. Stocks can fall due to lowered expectations for the future. If you end up owing more than it’s worth, there’s little incentive not to allow the value to completely evaporate. You can also use the loss to offset capital gains elsewhere, but that’s not particularly relevant here.
Divest: means to sell off assets, with the indication that the sale is at a loss for quick sale. Rich people often engage in the sale of assets to friends, family, and associates who offer pennies on the dollar in exchange for favors. Hiding assets through divestitures is a common tactic for wealthy people who are about to owe a lot of money.
Engaging in both can be used to transfer funds from his personal holdings to his political campaign, which in turn is paying off his legal debts and can be returned to his own pockets after the election. So by increasing the warchest, he is more likely to win the election AND can make himself whole after it is over.
Those definitions don’t mean anything here. Your explanation of how that would benefit him doesn’t make sense.
transfer funds from his personal holdings to his political campaign
That’s not what Trump has ever wanted to do, nor would it help him. Why would selling things and self funding his campaign affect the judgement against him? If anything, he wants to do the opposite.
If you owe a fine, would you give away your possessions? How would that help? It doesn’t make sense.
This is NOT corruption and Mr. Trump did NOT BRIBE the judge as you are suggesting. The judge is honorable and just and made the announcement out of his own good graces. He even pushed back a flight on his new private jet for a trip he had planned for the christening of his new yacht JUST TO MAKE THIS ANNOUNCEMENT. You people are all just jealous and desperately looking to find some dirt where there clearly isn’t. SAD!
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