Trump liable for $354.9M in civil fraud case, New York judge rules

Can’t wait for the appeal to reject not only the penalty for Trump being Trump (that was the reason they went after him), but the original pre-trial guilty verdict being dismissed with prejudice.

“They’re coming after you — and I’m just standing in their way,” Trump.

And they fear Trump, as he knows who all is part of the swamp.

And his second term as POTUS will…

And now we are seeing why.

Trump asks to be allowed to post $100 million bond in NY fraud case instead of ‘impossible’ $464 million judgment

In a filing with the state Appellate Division Wednesday, Trump’s attorneys said it would be “impossible” for the billionaire to post the full amount given the restrictions in the ruling handed down by Judge Arthur Engoron in the civil fraud case brought by New York Attorney General Letitia James.

Which is something these DEMoncrats James want.

“The exorbitant and punitive amount of the Judgment coupled with an unlawful and unconstitutional blanket prohibition on lending transactions would make it impossible to secure and post a complete bond. Appellants nonetheless plan to secure and post a bond in the amount of $100 million,” the filing said.

They rigged the trail, with a pre-determined guilty and a pre-determined amount, then made is so he would not be able to meet that amount.

Without a stay with the lowered bond amount, Trump’s lawyers argue, “properties would likely need to be sold to raise capital under exigent circumstances, and there would be no way to recover any property sold following a successful appeal and no means to recover the resulting financial losses from the Attorney General.”

And if he had to sell, the potential buyers would know of this desperation and will deliberately LOWBALL their offers, further penalizing Trump.

James’ office quickly opposed the request.

Of course they were.

“Defendants all but concede that Mr. Trump has insufficient liquid assets to satisfy the judgment; defendants would need ‘to raise capital’ to do so. These are precisely the circumstances for which a full bond or deposit is necessary,” Fan’s filing said, adding that “there is substantial risk that defendants will attempt to evade enforcement of the judgment (or make enforcement more difficult) following appeal.”

Following an appeal there, if justice to be be had, the amount and original pre-trial ruling will be tossed.

In their filing Wednesday, Trump’s attorneys contended the award handed down by Engoron should have been closer to $100 million. “Among the Judgment’s myriad errors, more than $350 million of the nearly $465 million awarded in disgorgement is barred by the statute of limitations,” they contended.

And what was the original court ruling on that?

The AG’s office said those arguments have already been rejected by the judge, and are likely to be rejected by the appeals court as well.

As was a fair trial.  That too was rejected by this “judge”.

Trump filed his notice of appeal in the case last week, saying they wanted the court to determine whether Engoron “committed errors of law and/or fact, and whether he abused his discretion and/or acted in excess of his jurisdiction” when he handed down the judgment they called “staggering” in the filing Wednesday.

“Committed errors of law and/or facts.” is obvious!

There was no victim.  There was no fraud.  There was no unpaid-in-full amounts owing the banks/lenders.  And the banks not only proved all that and more, they also wanted to do MORE business/loans with Trump and his organizations.

And don’t forget, when told this might make investors and property developers wanting to skip NY, what did they say, to paraphrase: “we only wanted to go after Trump.  Everyone else can continue to use the same methods Trump did.”

This was a weaponizing of the justice system to go after political opponents.

Some Good News:

Court agrees to pause collection of Trump’s massive civil fraud judgment if he puts up $175M

A New York appeals court on Monday agreed to hold off collection of former President Donald Trump’s more than $454 Million civil fraud judgment if he puts up $175 million within 10 days.

A more realistic number.

The appeals court also halted other aspects of a trial judge’s ruling that had barred Trump and his sons Eric Trump and Donald Trump Jr., the family company’s executive vice presidents, from serving in corporate leadership for several years.

Some level on sanity.

The appeals court “chose a middle ground” by still requiring Trump to put up money but lowering the amount…

As has been stated before, no BOND corporation would issue a bond unless they got liquid assets (CASH), since those underwriters wouldn’t accept real estate as collateral.

And if Trump was forced to use his CASH here for the full $454M, instead of having reserves to spend on the campaign trail to win back the POTUS, is what the DEMONcrats wanted, since their attempt to force him off the ballots failed.