What is the final disposition of Trump’s $350 Million fine?
No one was harmed in this case. He did nothing illegal. He made money for other people. So who gets Trumps Money and what can they do with it, besides give it back to soon-to-be 47/Trump?God save America and they World from the insanity of these 46 years and Make America Great Again!
Comments (43)
Trump isn't just a candidate, he had become a whole movement.
He is the attitude towards the future of the country.
I would say, the politically lost Americans better pray he is the next president or the worst is yet to come and fast too.
Hi Gal
The far left and the far right...have hijacked each party...
And, the average American’s voices are not heard.
The far left and the far right...have hijacked each party...
And, the average American’s voices are not heard.
Thats all good. Once those illegal gangs destroy all the stores and drive out the people, the rich can take over. And employ the gangs to control the masses. At least those that the spike protein hasn't killed off.
Thats all good. Once those illegal gangs destroy all the stores and drive out the people, the rich can take over. And employ the gangs to control the masses. At least those that the spike protein hasn't killed off.
If no laws were broken then this is indeed a sham case.
If no laws were broken then this is indeed a sham case.
Banks testified they weren't defrauded,were paid back on time and made money!
The Fraud is only in Engerling's an James' minds!
If you don't know how your own judicial system works, how can you decide what is right, or wrong within it?
My two questions are: where is Trump going to get the money from to appeal and on what grounds is he going to appeal?
If he goes to a five judge panel and rehashes the arguments Judge Engoron has already rejected, they will likely be considered to have no merit again. Team Trump hasn't brought any particularly astute material to the table as yet as far as I can see.
Bear in mind, Judge Engoron bypassed his original summary judgement ruling to liquidate the Trump Organisation by handing that power to the independent monitor Barbara Jones, should she see fit to do so in the future. That might have been their ace card for appeal and it no longer exists.
If Team Trump opts for attacking the judge as you have, the appellate court will likely see that for what it is.
Have you any idea how he's going to stump up the $455M+interest to be held in order to appeal, never mind pay lawyers? He has stated he has $400M cash, there's $27M left in his campaign funds that he's been questionably using to pay lawyers, he has lost his business licence, he has an independent monitor overseeing the Trump Organisation who would have to approve liquidating assets and withdrawing funds, he has the first of his criminal trials starting in about five weeks with it's own resource needs...and as far as I know, he has yet to stump up the $83.3M+interest to appeal the second defamation suit half way through his 30 day window to appeal.
If the RNC is foolish enough to install Lara Trump as it's leader so Trump can milk it for his legal costs, there'll be no campaign funds left for other Republicans. How is that going to work with the election less than nine months away?
I'm not sure expecting people like yourself to pay his costs, or selling gold coloured trainers at $399 a pop at the Sneaker Conference (where the jeers drowned out the cheers) are going to make much of a dent in the $500M+ he needs to appeal.
Given Trump posted the full $5+ to appeal the first E. Jean Carroll defamation verdict, what's the chances of a company backing a 10% bond given Trump is an adjudicated financial fraud with a history of not paying what he owes? I'm guessing Barbara Jones would have to guarantee the excess $450M+, but is she likely to do that if there aren't likely successful grounds for appeal? Doesn't she have a duty to manage Trump Organisation assets effectively and appropriately?
It seems to me that there's a lot of talk about Trump appealing everything, but little about how.
Most fine revenue goes into a general fund at the state or municipal level. I think.
Most fine revenue goes into a general fund at the state or municipal level. I think.
Geschwister Soros!
The definition of the word 'disposition'.
I'm pretty sure one lender testified that they more, or less halved Trump's claimed asset total and it still wasn't enough to reflect the level of fraudulent over-inflation.
Or does it make me complicit in animal abuse if I support and encourage your actions?
No bank in the US will give Trump a loan entirely due to his fraudulent background.
The bank's statements just confirmed that all payments had been made NOT that Trump was a model customer.
Trump still owes huge sums in loans, the banks are not so stupid as to upset Trump and end up out of pocket.
so to answer your badly worded question, court fines end up typically in the US treasury, ultimately ending up being paid out in SS and other payments.
Trump's $550 will benefit those who get a state pension for example.
No bank in the US will give Trump a loan entirely due to his fraudulent background.
The bank's statements just confirmed that all payments had been made NOT that Trump was a model customer.
Trump still owes huge sums in loans, the banks are not so stupid as to upset Trump and end up out of pocket.
No bank in the US will give Trump a loan entirely due to his fraudulent background.
The bank's statements just confirmed that all payments had been made NOT that Trump was a model customer.
Trump still owes huge sums in loans, the banks are not so stupid as to upset Trump and end up out of pocket.
Or does it make me complicit in animal abuse if I support and encourage your actions?
I'm glad you got the point.
I'm pretty sure one lender testified that they more, or less halved Trump's claimed asset total and it still wasn't enough to reflect the level of fraudulent over-inflation.
Perhaps there needs to be a review of how lenders make their own assessments. Clearly, assuming every customer lies and halving the claimed assets is a very risky practise.
Oh yeah, you didn't explain what the banks agreed with Trump about.
so to answer your badly worded question, court fines end up typically in the US treasury, ultimately ending up being paid out in SS and other payments.
Trump's $550 will benefit those who get a state pension for example.
So, your answer, at least in one instance, appears to be 'piss poorly'.
Perhaps there needs to be a review of how lenders make their own assessments. Clearly, assuming every customer lies and halving the claimed assets is a very risky practise.
Oh yeah, you didn't explain what the banks agreed with Trump about.
Trump engorged himself and his business empire through fraud; the law allows for disgorgement.
The thing is, Trump's claims of being a multi-billionaire are largely based upon his assets. If he sells a property he'll have to pay capital gains tax, transfer costs, any mortgage on the property, etc.
Anything brand based might be difficult to shift, like his 7.79 million shares in his media outlet, given there are already companies backing away from any association with the Trump name.
The $5M+ held on bond will go to E. Jean Carroll assuming Trump's appeal flops.
The remaining $500M+ might not get paid in full even if Barbara Jones puts the Trump Organisation into liquidation, but as there'll be taxes going back into the state and federal coffers, maybe that will make up for it in a round-about way.
I don't suppose E. Jean Carroll will see much of the $83M+ except, assuming Trump can't, or won't stump up the amount plus interest to appeal, she can start the process of collecting the award in 17 days time. There may be some advantage for her in the timing and amount given Trump stated to the court that he has $400M cash.
Not that getting the money was the point: the size of the defamation award was to shut Trump up, which it did.
This newsletter has discussed James’s motives before. An elected Democrat, she ran for office on a pledge to destroy Trump’s business empire. Now, making full use of an idiosyncratic New York state law and a compliant judge, she has made a giant step toward her goal. Just as a reminder, here are some of the things James promised in her campaign:
“This illegitimate president,” James said, “he’s not my president. He’s an illegitimate president. His days are numbered. His days are numbered. … We’ve got to be ready to mobilize, and we’ve got to get ready to agitate and irritate until victory is won or, more importantly, until Trump is defeated. … We will all rise up and resist this man … and ultimately we’ll bring him down. … I’m going to give the same level of respect that gave President Obama, and that is absolutely no respect at all. … Donald Trump has got to go. Hey, hey! Ho, ho! Donald Trump has got to go! … The days of Trump are numbered.” On at least one occasion, a crowd yelled to James, “Lock him up!” Starting a call-and-response, James responded, “What?” “Lock him up!” the crowd yelled. “What?” “Lock him up!” And on it went.
So that is what Letitia James was trying to do. Last week, it was Engoron’s turn to impose punishment. Yes, there will be appeals, and if there is any common sense at all in the New York system of justice, the $450 million penalty will be drastically reduced. But the bottom line remains, as this newsletter said, this was a “politicized, grossly unfair” lawsuit against Trump.
Read the rest of the Article!
This newsletter has discussed James’s motives before. An elected Democrat, she ran for office on a pledge to destroy Trump’s business empire. Now, making full use of an idiosyncratic New York state law and a compliant judge, she has made a giant step toward her goal. Just as a reminder, here are some of the things James promised in her campaign:
“This illegitimate president,” James said, “he’s not my president. He’s an illegitimate president. His days are numbered. His days are numbered. … We’ve got to be ready to mobilize, and we’ve got to get ready to agitate and irritate until victory is won or, more importantly, until Trump is defeated. … We will all rise up and resist this man … and ultimately we’ll bring him down. … I’m going to give the same level of respect that gave President Obama, and that is absolutely no respect at all. … Donald Trump has got to go. Hey, hey! Ho, ho! Donald Trump has got to go! … The days of Trump are numbered.” On at least one occasion, a crowd yelled to James, “Lock him up!” Starting a call-and-response, James responded, “What?” “Lock him up!” the crowd yelled. “What?” “Lock him up!” And on it went.
So that is what Letitia James was trying to do. Last week, it was Engoron’s turn to impose punishment. Yes, there will be appeals, and if there is any common sense at all in the New York system of justice, the $450 million penalty will be drastically reduced. But the bottom line remains, as this newsletter said, this was a “politicized, grossly unfair” lawsuit against Trump.
Read the rest of the Article!
Have you got any calculations for that, Conrad, or is it just a gut reaction to the enormity of the award?
Only I don't think, "Golly, that's a whopper!" is grounds for appeal, neither is, "S'not fair!"
I'm not sure openly campaigning on the promise to put a loathsome fraud in his rightful place is grounds to appeal adjudicated fraud, either.
If James had brought charges frivolously, that would be different, but given the evidence was so compelling one charge was adjudicated by summary judgement and the other seven successfully tried, your attempt at claiming victimisation is moot.
Trump engorged himself and his business empire through fraud; the law allows for disgorgement.
The thing is, Trump's claims of being a multi-billionaire are largely based upon his assets. If he sells a property he'll have to pay capital gains tax, transfer costs, any mortgage on the property, etc.
Anything brand based might be difficult to shift, like his 7.79 million shares in his media outlet, given there are already companies backing away from any association with the Trump name.
The $5M+ held on bond will go to E. Jean Carroll assuming Trump's appeal flops.
The remaining $500M+ might not get paid in full even if Barbara Jones puts the Trump Organisation into liquidation, but as there'll be taxes going back into the state and federal coffers, maybe that will make up for it in a round-about way.
I don't suppose E. Jean Carroll will see much of the $83M+ except, assuming Trump can't, or won't stump up the amount plus interest to appeal, she can start the process of collecting the award in 17 days time. There may be some advantage for her in the timing and amount given Trump stated to the court that he has $400M cash.
Not that getting the money was the point: the size of the defamation award was to shut Trump up, which it did.
Carroll can start collecting the $83M+ on the 25th February.
If Trump hasn't placed the award in escrow, or found a company to post it on bond within the next three days, then he isn't appealing the verdict.
This newsletter has discussed James’s motives before. An elected Democrat, she ran for office on a pledge to destroy Trump’s business empire. Now, making full use of an idiosyncratic New York state law and a compliant judge, she has made a giant step toward her goal. Just as a reminder, here are some of the things James promised in her campaign:
“This illegitimate president,” James said, “he’s not my president. He’s an illegitimate president. His days are numbered. His days are numbered. … We’ve got to be ready to mobilize, and we’ve got to get ready to agitate and irritate until victory is won or, more importantly, until Trump is defeated. … We will all rise up and resist this man … and ultimately we’ll bring him down. … I’m going to give the same level of respect that gave President Obama, and that is absolutely no respect at all. … Donald Trump has got to go. Hey, hey! Ho, ho! Donald Trump has got to go! … The days of Trump are numbered.” On at least one occasion, a crowd yelled to James, “Lock him up!” Starting a call-and-response, James responded, “What?” “Lock him up!” the crowd yelled. “What?” “Lock him up!” And on it went.
So that is what Letitia James was trying to do. Last week, it was Engoron’s turn to impose punishment. Yes, there will be appeals, and if there is any common sense at all in the New York system of justice, the $450 million penalty will be drastically reduced. But the bottom line remains, as this newsletter said, this was a “politicized, grossly unfair” lawsuit against Trump.
Read the rest of the Article!
I got my dates wrong.
Carroll can start collecting the $83M+ on the 25th February.
If Trump hasn't placed the award in escrow, or found a company to post it on bond within the next three days, then he isn't appealing the verdict."
It's not that simple.
Check out the rights in the constitution and the Statute of Limitations
If the Changing Room Affair fails then the subsequent one is negated.