Donald Trump appeals $454 million judgment in New York civil fraud case
Donald Trump appeals $454 million judgment in New York civil fraud case
Donald Trump has appealed his $454 million New York civil fraud judgment, challenging a judge’s finding that he lied about his wealth as he grew the real estate empire that launched him to stardom and the presidency.
But, he didn't post a bond, so he still owes the court.
In case you are wondering his delay tactics and appeal is not to say that he did not do these things, he's trying to argue that he paid back the loans he fraudulently acquired so no harm no foul. He's actually opening himself up to more lawsuits, but by then he hopes to Pardon himself as president
but by then he hopes to Pardon himself as president
I wish him luck pardoning himself on state charges. The state of NY don’t give a fuck and will start seizing his assets.
He ain't paying shit if he's president, he will conduct himself like a little Putin / Kim Jong Un and nobody will be able to arrest or stop him. He'll retaliate through every legal or illegal means available to prevent any enforcement of such a verdict.
He cannot be allowed to become President. He will destroy the rule of law in this country.
This is why they need things like the Florida State Guard and the Oathkeepers and why they're inviting confrontations between the Texas National Guard and border patrol. Their plan is not based on anything legal; their plan is "we have big guys with guns and we'll shoot you if you try to enforce the law."
If this runs to conclusion and the verdict stays, most likely the banks that where duped will request the difference between what he paid and what he should have paid if they knew the true financial reality, if they would have lent to him at all.
The lying on real estate value most likely also influenced the prices of other real estate to be higher. So people that bought real estate will also have been influenced. They will have a hard time proving it, but the downstream effects will be there.
He still has to post the bond though?
Which means he is still going to be in the liquidity cruch, which imo, is of far greater concern to him.
That is such a ridiculous argument. The harm is in the opportunity cost to other potential borrowers and the burden of the added risk the bank was taking on unknowingly. He was tying up bank funds on risky fraudulent investments and that meant there were less funds available to loan to other people who weren’t fraudulently claiming their assets had a highly inflated value. He has declared bankruptcy in the past, there was no guarantee the investments would’ve worked out and the bank could’ve been exposed to huge losses without enough assets to cover their liabilities if a bunch of people started using Trump tactics and lying about their holdings to get extra loans. Banks don’t have infinite money.
Lock him up, lock him up, lock him up. Time he tastes his own medicine.
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From my understanding, he can file the appeal but it won't go anywhere unless the amount plus 10% is paid.
I read earlier today that it's just "intent to appeal", so nothingburger at this point
Posting a bond will stay the distribution action during appeal, not posting a bond will allow the 30 day collection and distribution to proceed during appeal, non-bond appeals are token gestures at best. From interview questions about the judgement, it's reactions and answers are consistent with it's diaper changers and lawyers telling it they won the case and are probably submitting documents to the court without it knowing the details.
This is the best summary I could come up with:
Trump had vowed to appeal and his lawyers had been laying the groundwork for months by objecting frequently to Engoron’s handling of the trial.
Trump said Engoron’s decision, the costliest consequence of his recent legal troubles, was “election interference” and “weaponization against a political opponent.”
“Given the grave stakes, we trust that the Appellate Division will overturn this egregious verdict and end this relentless persecution against my clients,” Trump lawyer Alina Habba said.
Trump wasn’t able to appeal the decision immediately because the clerk’s office at Engoron’s courthouse had to file paperwork known as a judgment to make it official.
He is scheduled to go on trial next month in Manhattan for falsifying business records related to hush money paid to porn actor Stormy Daniels on his behalf.
In January, a jury ordered Trump to pay $83.3 million to writer E. Jean Carroll for defaming her after she accused him in 2019 of sexually assaulting her in a Manhattan department store in the 1990s.
The original article contains 881 words, the summary contains 164 words. Saved 81%. I'm a bot and I'm open source!
the wheels of justice turn so slowly for Trump, I bet even asset seizing is gonna be appealed and delayed until another judge reviews the case. And then that ruling will be appealed.
I wonder if all this coverage will strengthen his chance of winning and election
No.
Stop spreading propaganda, and go back to reddit, Russian Agent #8975.