this post was submitted on 28 Feb 2024
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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.

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[–] Jode@midwest.social 75 points 8 months ago (3 children)

Sure wish if I had a 500 dollar speeding ticket I could just say "nah I'll give you 60 bucks"

[–] LufyCZ@lemmy.world 6 points 8 months ago (1 children)

It's not like that makes the whole thing go away

[–] Hotzilla@sopuli.xyz 6 points 8 months ago (1 children)

He will flee to Russia instantly when there is a risk of jail or too large fine to cover.

[–] kent_eh@lemmy.ca 2 points 8 months ago* (last edited 8 months ago)

He will flee to Russia instantly when there is a risk of jail or too large fine to cover.

That's an acceptable outcome.

As long as he stays there.

[–] Pretzilla@lemmy.world 6 points 8 months ago

That actually works if you are poor and remorseful. The judge typically has discretion.

[–] badbytes@lemmy.world 0 points 8 months ago* (last edited 8 months ago)

Probably would work, if you are a white male.

[–] kescusay@lemmy.world 74 points 8 months ago (1 children)

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?

[–] SeaJ@lemm.ee 5 points 8 months ago* (last edited 8 months ago)

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.

[–] GlitzyArmrest@lemmy.world 43 points 8 months ago (1 children)

Either full $454 million or get lost.

[–] ma11en@lemmy.world 36 points 8 months ago (2 children)

Don't forget the daily fines for late payment.

[–] Ashyr@sh.itjust.works 13 points 8 months ago
[–] monotremata@kbin.social 7 points 8 months ago

They're actually kind of doing that in the E. Jean Carroll case. His "appeal bond" has to be 110% of the judgment award, so he has to put up 91.6 million instead of the 83.3 million she was awarded. My understanding is that the extra is to cover the interest that might accrue during the appeals process in the event that she still wins.

Edit: e.g. https://www.msn.com/en-us/money/other/trump-asks-to-delay-his-bond-in-excessive-carroll-verdict/ar-BB1iNqcq

[–] ArtVandelay@lemmy.world 25 points 8 months ago

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

[–] originalucifer@moist.catsweat.com 24 points 8 months ago (1 children)
[–] vegeta@lemmy.world 18 points 8 months ago

He's counting in Rubles

[–] DingoBilly@lemmy.world 22 points 8 months ago

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

[–] baldingpudenda@lemmy.world 20 points 8 months ago (3 children)

If he can't loans from "shithole" states like New York, why doesn't he get loans from red states? Are they poor or something?

[–] mercano@lemmy.world 12 points 8 months ago

The ruling prohibits him from applying for loans from any institution “chartered or registered with the New York Department of Financial Services.” New York City is a global financial hub, so the registered clause is going to affect many banks that are headquartered outside of New York.

[–] natedog526@lemmy.world 8 points 8 months ago (1 children)

He is probably waiting to see if his fan base actually raises all the money on gofundme.

[–] Bloodyhog@lemmy.world 3 points 8 months ago (1 children)

How is that going btw? Did they ramp it up to the required $12m a day?

[–] natedog526@lemmy.world 4 points 8 months ago (1 children)

I dont believe so no. Honestly don't follow it because it just makes my blood boil.

[–] Bloodyhog@lemmy.world 2 points 8 months ago

I am blessed by not being an American, so no blood boiling due to that. Russian by birth however, so plenty of other reasons to freak out in the fucked modern world...

[–] MrNesser@lemmy.world 4 points 8 months ago (1 children)
[–] FuglyDuck@lemmy.world 5 points 8 months ago

Whose going to loan someone money now?

If he gets a loan, it’s almost certainly a bribe.

[–] partial_accumen@lemmy.world 17 points 8 months ago

Pay the bill, deadbeat.

So much for being "too rich".

[–] xenoc@lemmy.world 15 points 8 months ago (1 children)

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

[–] RedditWanderer@lemmy.world 11 points 8 months ago

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.

[–] bradorsomething@ttrpg.network 14 points 8 months ago

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

[–] FlyingSquid@lemmy.world 13 points 8 months ago (2 children)

Cool. Who's financing him?

[–] FuglyDuck@lemmy.world 5 points 8 months ago

Puttie-Bear.

[–] Jaysyn@kbin.social 4 points 8 months ago (1 children)
[–] JeeBaiChow@lemmy.world 3 points 8 months ago

Sneakerheads love him, according to.. uh.. him.

[–] Red_October@lemmy.world 12 points 8 months ago

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

[–] njm1314@lemmy.world 10 points 8 months ago

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

[–] TruthAintEasy@kbin.social 5 points 8 months ago

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

[–] Breve@pawb.social 3 points 8 months ago

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

[–] Jaysyn@kbin.social 2 points 8 months ago

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

[–] Lommy241@lemmy.world 2 points 8 months ago (4 children)

If he becomes president can he pardon himself?

[–] azimir@lemmy.ml 10 points 8 months ago (2 children)

No, but he would immediately appoint a Fed AG would would try to substitute the government for him in the case (Barr did that in the E. Jean Carrol #1 case), which would effectively stall it out indefinitely. Then, he just overthrows the election to make himself dictator for life and bam! No worries.

[–] Nougat@kbin.social 3 points 8 months ago

Carroll's case is federal, this one is New York State.

[–] SaltySalamander@kbin.social 2 points 8 months ago (1 children)

Then, he just overthrows the election to make himself dictator for life and bam! No worries.

If you think the US Military would allow this...lol.

[–] DudeImMacGyver@sh.itjust.works 4 points 8 months ago

I was kinda hoping for the secret service dragging him away, kicking and screaming about how it's totally unfair he can't just take over the country on live TV, then some intrepid genius who was in just the right spot, at just the right time, and just so happened to have a bluetooth speaker starts playing the closing credits theme to Curb Your Enthusiasm at full volume.

[–] gregorum@lemm.ee 7 points 8 months ago

Not in a state civil case

[–] FuglyDuck@lemmy.world 2 points 8 months ago

Not from that

[–] 800XL@lemmy.world 0 points 8 months ago

That's exactly what the shit-weasel is trying to do.

[–] Treczoks@kbin.social 2 points 8 months ago

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

[–] SaltySalamander@kbin.social 1 points 8 months ago

Aww, that's too bad.

[–] blazera@kbin.social 1 points 8 months ago

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.