God Bless the USA! Court Lowers Trump Bond From $464 Million to $175 Million. Due in 10 days.
“ The Appellate Division, First Judicial Department of the New York State Supreme Court has granted a stay of enforcement on the $464 million judgment on former President Donald Trump with conditions, allowing the Trump Organization to avert having assets imminently seized by the New York Attorney General.The order came after defense attorneys argued a $464 million bond was impossible after having contracted four brokers to negotiate with more than 30 companies. Sureties don’t issue bonds that big for private individuals, and even if the Trump Organization was a public conglomerate they could issue such a bond to, it would require some $570 million in cash to cover additional premiums.
The court’s conditions for lowering the bond include President Trump posting $175 million within 10 days and the other orders on the judgment going into effect.
The judgment permanently bars former Trump Organization CFO Allen Weisselberg and comptroller Jeffrey McConney from serving in financial control of any New York business entity; permanently bars President Trump, Mr. Wesselberg, and Mr. McConney from serving as an officer or director of any New York corporation for three years; bars President Trump from applying for loans for New York financial institutions for three years; and bars Donald Trump Jr. and Eric Trump from serving as an officer or director in New York for two years.
There was no stay requested for the continuance of an independent monitor overseeing financial matters in the Trump Organization or the installation of a compliance officer, and that will continue.
The stay is conditioned on the appeals being done by September 2024.
~ Epoch Times
Comments (85)
It is not about you...
but I'll not hold it against you... even if this used to be a dating site.
To suggest a criminal like Trump cannot be bribed is nativity on a grand scale.
Trump has been found guilty of fraudulent activity, now he needs to pay up.
And how about Merlot, do you wish to get his scalp? Or can he speak his mind.
My fault, I deserve her retaliation.
Mind you I thought it would have ended before now.
Any more wisdom coming from you in regards of the topic at hand?...
Any more wisdom coming from you in regards of the topic at hand?...
Any more wisdom coming from you in regards of the topic at hand?...
Ehmm no I'll have to sleep on it.
But I can tell you for sure that Trump is a kind man and you can safely vote for him.
I have no comeback to that.
At this lavel of a serious debate (lol) I have nothing.
" Executive Law § 63(12) now reads as follows:
Whenever any person shall engage in repeated fraudulent or illegal
acts or otherwise demonstrate persistent fraud or illegality in the
carrying on, conducting or transaction of business, the attorney
general may apply… for an order enjoining the continuance of such
business activity or of any fraudulent or illegal acts, directing
restitution and damages and, in an appropriate case, cancelling any
certificate filed under and by virtue of the provisions of section four
hundred forty of the former penal law or section one hundred thirty
of the general business law, and the court may award the relief
applied for or so much thereof as it may deem proper. The word
“fraud” or “fraudulent” as used herein shall include any device,
scheme or artifice to defraud and any deception, misrepresentation,
concealment, suppression, false pretense, false promise or
unconscionable contractual provisions. The term “persistent fraud”
or “illegality” as used herein shall include continuance or carrying
on of any fraudulent or illegal act or conduct. The term “repeated”
as used herein shall include repetition of any separate and distinct
fraudulent or illegal act, or conduct which affects more than one
person. Notwithstanding any law to the contrary, all monies
recovered or obtained under this subdivision by a state agency or
state official or employee acting in their official capacity shall be
subject to subdivision eleven of section four of the state finance law."
It's not shrewd business practises, it's fraud as you can see from the statute under which Trump et al were adjudicated liable.
No, in the interests of equalityjustice should follow the evidence equally.
Nobody says that individual murderers shouldn't tried because other murderers aren't being tried at the same time.
Nobody says an individual murderer is being unfairly singled out if they are successfully prosecuted.
Nobody say every person should be investigated for murder if one person is, just make it fair.
Your argument is entirely specious. People should be investigated and prosecuted on the basis of evidence, of which the prosecution had plenty in this case.
Are you being deliberately obtuse, or do you really not understand how Trump's fraudulent behaviour was a breach of Executive Law § 63(12)?
Those two looting Lampreys have done more harm to the NY Business Climate than Trump ever can!
Now James is going after the biggest Beef-Producer in the world!
Better have some pretty good teeth,because those Guys might not ply as nice as Trump did!
as I said,Looting Election-interfering Bussards!
" Executive Law § 63(12) now reads as follows:
Whenever any person shall engage in repeated fraudulent or illegal
acts or otherwise demonstrate persistent fraud or illegality in the
carrying on, conducting or transaction of business, the attorney
general may apply… for an order enjoining the continuance of such
business activity or of any fraudulent or illegal acts, directing
restitution and damages and, in an appropriate case, cancelling any
certificate filed under and by virtue of the provisions of section four
hundred forty of the former penal law or section one hundred thirty
of the general business law, and the court may award the relief
applied for or so much thereof as it may deem proper. The word
“fraud” or “fraudulent” as used herein shall include any device,
scheme or artifice to defraud and any deception, misrepresentation,
concealment, suppression, false pretense, false promise or
unconscionable contractual provisions. The term “persistent fraud”
or “illegality” as used herein shall include continuance or carrying
on of any fraudulent or illegal act or conduct. The term “repeated”
as used herein shall include repetition of any separate and distinct
fraudulent or illegal act, or conduct which affects more than one
person. Notwithstanding any law to the contrary, all monies
recovered or obtained under this subdivision by a state agency or
state official or employee acting in their official capacity shall be
subject to subdivision eleven of section four of the state finance law."
It's not shrewd business practises, it's fraud as you can see from the statute under which Trump et al were adjudicated liable.
No, in the interests of equalityjustice should follow the evidence equally.
Nobody says that individual murderers shouldn't tried because other murderers aren't being tried at the same time.
Nobody says an individual murderer is being unfairly singled out if they are successfully prosecuted.
Nobody say every person should be investigated for murder if one person is, just make it fair.
Your argument is entirely specious. People should be investigated and prosecuted on the basis of evidence, of which the prosecution had plenty in this case.
Are you being deliberately obtuse, or do you really not understand how Trump's fraudulent behaviour was a breach of Executive Law § 63(12)?
Or is it another one of your Copy/Paste that has no relevancy?
Or is it another one of your Copy/Paste that has no relevancy?
" Executive Law § 63(12) now reads as follows: in the order Judge Engoron describes the history and evolution of the statute and what it now states.
Whenever any person shall engage in repeated fraudulent or illegal
acts or otherwise demonstrate persistent fraud or illegality in the
carrying on, conducting or transaction of business, When someone commits persistent fraud...
the attorney
general may apply… for an order enjoining the continuance of such
business activity or of any fraudulent or illegal acts,...the attorney general can apply for an order that commands...
directing
restitution and damages and, in an appropriate case, cancelling any
certificate ...the fraud to pay back the money, pay for any harm done and if appropriate, stop that person from conducting business by revoking their licence.
filed under and by virtue of the provisions of section four
hundred forty of the former penal law or section one hundred thirty
of the general business law, These are the bits of law that say the attorney general can do the above.
and the court may award the relief
applied for or so much thereof as it may deem proper. The judge will then review the attorney general's application and award the amount of money/sanctions that they think is reasonable from within that application.
Nota bene, Judge Engoron didn't award everything that AG James applied for, just most of it.
Or is it another one of your Copy/Paste that has no relevancy?
The word
“fraud” or “fraudulent” as used herein shall include any device,
scheme or artifice to defraud and any deception, misrepresentation,
concealment, suppression, false pretense, false promise or
unconscionable contractual provisions. This defines the word 'fraud' in the context of the statute. It clearly refers to a device like inflating/deflating property value for financial gain as well as many other devices. It's both precise and broad in the net it throws out to capture business deception.
The term “persistent fraud”
or “illegality” as used herein shall include continuance or carrying
on of any fraudulent or illegal act or conduct. The term “repeated”
as used herein shall include repetition of any separate and distinct
fraudulent or illegal act, or conduct which affects more than one
person. More definitions for clarity. This statute isn't for one off boo boo's.
Notwithstanding any law to the contrary, all monies
recovered or obtained under this subdivision by a state agency or
state official or employee acting in their official capacity shall be
subject to subdivision eleven of section four of the state finance law." As long as there isn't another law that says something different, any money awarded to the attorney general (or other official involved in the application) from the fraudulent person(s)/business can be seized from their assets if they fail to pay.
Is that a bit clearer?
According to the order, Letitia James applied for 'monetary penalties and injunctive relief'.
The 'injunctive relief' are the sanctions against him: losing his business licence for three years, not being able to apply to certain lenders, the imposition of an independent monitor, etc. This is to stop him from continuing his fraudulent behaviour, it provides some time to sort out his sorry mess (Barbara Jones continues to find discrepancies) and I'm pretty sure Trump will see it as a punishment.
I haven't read the whole 92 page order yet, but so far I've found nothing there, or even in the media that suggests any of the 'monetary penalty' is punitive.
$354.9M is disgorgement.
$110M is interest because Trump wanted a trial rather than admit his fraud and because he delayed paying the bond to appeal.
In other words, if you thieve $10 out of the till, you pay back $10 plus interest and lose your job.
What Ozzie is suggesting is that you thieve $10 out of the till, you pay back 3 cents and get a pat on the back for learning your lessen.
But we seen before how they try catch him on anything. Anything.
Cos this is.... politics. Dirty politics.
He on the other hand is as clean as they come, so we want him in office.
What Ozzie is suggesting is that you thieve $10 out of the till, you pay back 3 cents and get a pat on the back for learning your lessen.
Cos its ok to get a tad too much in loan, and it's ok also to pay as little tax as possible, and rather reinvest that to create more jobs and activity in your city. Yes all for this.
And it should deffo not stop him from getting back in to the drivers seat of the white house. Jmo
on a congress mans salary, somehow..
Only who stole more money and how.
If Trump is a small crook then Biden is a large one.
Can't prove it but its likely. Very likely.
- say now, that hypotetically Bidens policies was good, like Donalds... would I then support him instead... I probably would!
But here you have not only a good guy from NY but a good guy with good polices too!
You choice should be simple folks.
Cos its ok to get a tad too much in loan, and it's ok also to pay as little tax as possible, and rather reinvest that to create more jobs and activity in your city. Yes all for this.
And it should deffo not stop him from getting back in to the drivers seat of the white house. Jmo
Is it why deceptive business practise is against the law?
Is it why deceptive business practise is against the law?
I just said i'd support Biden if hes policies was good, despite he being a morally inferior
man to Trump.
Eat that hunny bee.
"do you not understand" ,,, haha that language u use on everybody here, who you think u are sis?
You're supporting the corrupt elite of DC indirectly by going after Trump.
You chose side, with the real baddies.
What part of the word corruption do YOU not understand. Get off your high horse.
But we seen before how they try catch him on anything. Anything.
Cos this is.... politics. Dirty politics.
He on the other hand is as clean as they come, so we want him in office.
I just said i'd support Biden if hes policies was good, despite he being a morally inferior
man to Trump.
Eat that hunny bee.
"do you not understand" ,,, haha that language u use on everybody here, who you think u are sis?
You're supporting the corrupt elite of DC indirectly by going after Trump.
You chose side, with the real baddies.
What part of the word corruption do YOU not understand. Get off your high horse.
I should have known fraud and deception committed by an adjudicated rapist aren't going to register on your moral compass.
You can go back to making up stories to feel better about yourself, now.
There's no need to worry your little head about real things, like judgement orders in the public domain and what's actually going on under your little nose.
with just defending yourself it seems.
But yea, I heard a rumor he is considering suing this Letitia James or what her name is
but if I was his leagal advisor I'd recommend him not to.
"Donald Trump has civil rights grounds to sue Letitia James: Deroy Murdock"
Although investors won’t publicly admit it, the case is having a chilling effect, said Charles Trzcinka, professor of finance at Indiana University-Bloomington.
“If you talk to people in this market, they are very, very upset … and these are people who are neutral or even opposed to Trump,” Mr. Trzcinka told The Epoch Times. “They’re just angry about it.”
In his role at the university, Mr. Trzcinka said he places students in the corporate lending market in New York, making him aware of trends in that sphere.
An appeals court’s decision to slash the bond by about 60 percent, reducing it to $175 million, still left a massive penalty intact while President Trump continues a legal challenge of Justice Arthur Engoron’s ruling.
Judge Engoron ruled that President Trump and his associates fraudulently overvalued their assets. But Mr. Trzcinka said anyone who thinks President Trump’s activities in that case were irregular or fraudulent may lack an understanding of typical New York business transactions.
A source familiar with the case explained to The Epoch Times that, normally, business-related cases are handled in the New York courts’ commercial division.
There, cases are decided by judges who have specific, “sophisticated” knowledge of commercial law and business practices.
But the case didn’t go that route because New York Attorney General Letitia James found a novel way to use New York’s anti-fraud law.
Researchers examined other alleged fraud cases in New York over a 70-year period and found the Trump case stands alone. The Trump Organization was the only company that confronted the possibility of being forced out of business despite no victim suffering major financial harm.
Because of Ms. James’ unusual application of the law, the case was channeled to a court that would rarely, if ever, handle business-related matters.
Thus, the source said, “This case proceeded in just a highly irregular fashion from the start.”
A Degree of Horror’
Legal scholar Jonathan Turley agreed the case is atypical and its repercussions far-reaching.
“This has really done great damage to the New York legal system … Businesses are looking at this with a degree of horror—that a judge could come up with a figure so large you have to sell parts of your business just to get an appeal,” Mr. Turley told Fox News.
However, people who dislike President Trump are cheering on Ms. James. She ran for election on a promise to prosecute the former president if she won the post of attorney general.
Before the court-ordered bond reduction, the original $464 million bond amount included a $363 million judgment that Judge Engoron levied against President Trump and his associates, plus 9 percent interest.
Speaking to reporters after the March 25 appellate court’s decision, President Trump called Judge Engoron’s original decision a “disservice” to New York.
“Businesses are fleeing,” he said.
The case promises to continue discouraging investors from doing business in the Empire State, Mr. Trzcinka and two other knowledgeable sources told The Epoch Times.
That’s not only because of the crippling dollar amounts involved, the sources said, but also because President Trump and his associates were behaving within the bounds of normal business practice and victimized no one.
“All the parties under this civil case were satisfied,” Mr. Trzcinka said. Yet Ms. James “brought a case without a victim” and secured a judgment approaching $500 million.
“I have never heard of a victimless civil case that even won $500,” he said.
Fraud. Hush money. Election subversion. Mar-a-Lago documents.
Seriously there is no smoke without fire as we all know.
They been on him for reason unclear to you since at least jaunary 2017.
Problem is you don't understand what players are involved behind the scenes here.
U don't get it, but rest assured you're not alone on thet here at cs blogs.
Here is what you can do if you want to get up to speed on the corrupt crazy unlawful everyday business routine over there: you go to something called " youtube.com "
and then you look up " Tulsi Gabbard " (she ran as a presidential candidate for the Dems in 2020)
and the you can hear from her directly, who is very experienced in the field, what is actually the state of affars when it comes to american politics as of right now.
Then come here and tell me how DT (their prime suspect) is any worse,
and that is what o.p tried to show you in his long post above yours.
You could consider broaden your horizon some you know.
I know, but they are all on the side with Trumps adversaries
(except fox). That goes also for 99% of all European networks.
The deep state hates Trump cos he is a threat to their power.
Why do you assume that I am uneducated and that I read M.S.M. The internet is full of sites all with varying information .
I am fully aware of what goes on behind closed doors and to be honest in front of them too.
You are obsessed with Trump as you are with Putin whereas I weigh up the pro's and con's .Do you honestly believe that the American courts have totally concocted ALL the charges against him? Had that been the case there would surely have been no charges to answer for.
Any idiot that brings the Bible into his promotional rants is a sandwich short of a picnic.Does he think he is the new Messiah? If so he too could end up being crucified .
As for You Tube it's a mixed bag and sometimes full of unreliable information.
No disrespect Grand but just because I disagree with you and others on here does not make me ill informed just not swayed by others opinions.
America needs to shape up ,get rid of the clingons and rejuvenate some young blood into their politics as they are going down hill fast in many ways.
Why do you assume .... etc....
But for anybody else who might be interested,
Tulsi speaking some sense as always:
Tulsi Gabbard: They think Americans are stupid enough to believe the lies
Six and a half minute clip from Fox news.
But for anybody else who might be interested,
Tulsi speaking some sense as always:
Tulsi Gabbard: They think Americans are stupid enough to believe the lies
Six and a half minute clip from Fox news.
His treatment of the Scots over his golf course was appalling .Are you actually aware of how he treated home owners.?Here's just one example of his lack of care of others and how he treated those who refused to comply with his demands.
David and Moira Milne had already been threatened with legal action by Mr. Trump’s lawyers, who claimed that a corner of their garage belonged to him, when they came home from work one day to find his staff building a fence around their garden. Two rows of grown trees went up next, blocking the view. Their water and electricity lines were temporarily cut. And then a bill for about $3,500 arrived in the mail, which, Mr. Milne said, went straight into the trash.
The Scottish people flushed him down the drain years ago.
Like the New Yorker's did decades ago.
Seems like the rest of you have a lot of catching up to do.Your choice though.
America losing it's identity as the land of the free?
All the illegals taking jobs from the working class
who mostly consist of Blacks and Latino?
Those things or... do you happen to get tired
with the never ending back n forth here maybe? I guess it's that.
Well... there is a solution: you can walk away.
Nobody asked you to butt into this pro Trump blog.
Cheering for mr. Trump unfairly being ill treated here
when so many of the citizens of the world needs him
to help get the world onto a better path.
This stuff is much larger than who gets a high ranking job,
it's about what direction the world is supposed to go next.
Nothing less.
America losing it's identity as the land of the free?
All the illegals taking jobs from the working class
who mostly consist of Blacks and Latino?
Those things or... do you happen to get tired
with the never ending back n forth here maybe? I guess it's that.
Well... there is a solution: you can walk away.
Nobody asked you to butt into this pro Trump blog.
We have the same issues over here or haven't you noticed but then again I'm not colour prejudiced .
World War 3 would surely be down to your other pal Putin and nothing is written in stone so yes it could happen especially as Trump has done yet another U turn with regards getting rid of N.A.T.O.
P.S. I'm far from bored.
But for anybody else who might be interested,
Tulsi speaking some sense as always:
Tulsi Gabbard: They think Americans are stupid enough to believe the lies
Six and a half minute clip from Fox news.
Did you fact check Tulsi? Of course not, as you take her word as the gospel truth lol
Let me know if she said something clearly untrue.
For me its enough that people get to hear both sides.
I know you don't like that a lot but there is still a little shred of democracy left
in our western society. Sorry.