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Re: DT tells court he cannot post bond
Posted: Mon Mar 18, 2024 7:02 pm
by Quorra2.0
Slimshandy wrote: ↑Mon Mar 18, 2024 6:05 pm
Wouldn’t it be weird if the judge lowered the amount he owed because of this…
It would be weird since they can’t do that. Lowering the amount would be something that can be asked on appeal. However, he has to pay the appeal bond, which is the judgement plus interest, to appeal. For example, judgement over Jean Carroll was a little over 83 mil, he’s appealing and the appeal bond he paid was a little over 91 mil(judgement plus interest).
Re: DT tells court he cannot post bond
Posted: Mon Mar 18, 2024 7:04 pm
by Quorra2.0
His options are 1: liquidate, 2: forego appeal, or 3: hope a LOT of his followers love him more than themselves.
Re: DT tells court he cannot post bond
Posted: Mon Mar 18, 2024 7:09 pm
by WellPreserved
Baconqueen13 wrote: ↑Mon Mar 18, 2024 6:59 pm
WellPreserved wrote: ↑Mon Mar 18, 2024 6:29 pm
You mean the GoFundMe hasn't raised enough?
Or the golden sneakers, or the Trump inspired baseball cards, the Trump dollar coin, the Trump dollar bill, the Trump bitcoin, The Trump mugshot, or the Trump toilet paper......hmm who would've thought that all his money making ventures would fail the same way Trump Steaks and Trump college did.
Those other ventures didn't necessarily fail. They just paid for his legal fees, not his bond. Question is, why couldn't billionaire Trump pay his bond, lol? Why couldn't the billionaire who started the GoFundMe pay his bond? Why wouldn't a bank loan him money for the bond? Why didn't his son-in-law lend him the money?
Trump is cash poor while asset rich and those assets ain't worth as much as he portends, lol. Flim-flam man?
Re: DT tells court he cannot post bond
Posted: Mon Mar 18, 2024 9:03 pm
by Della
"Trump's unprecedented legal situation makes it difficult to predict next steps, said former federal prosecutor Diana Florence, who also said that penalties on this scale are usually levied against large companies.
His legal team has been playing a delay game as he appeals the verdict, she said, but now "he might be out of rope".
https://www.bbc.com/news/world-us-canada-68600093
Re: DT tells court he cannot post bond
Posted: Mon Mar 18, 2024 10:13 pm
by Pjmm
That's so sad....anyway....
Re: DT tells court he cannot post bond
Posted: Mon Mar 18, 2024 10:17 pm
by Pjmm
Quorra2.0 wrote: ↑Mon Mar 18, 2024 7:04 pm
His options are 1: liquidate, 2: forego appeal, or 3: hope a LOT of his followers love him more than themselves.
I think a lot of his followers either have no money themselves, already gave him money, or don't love him that much. Besides usually when it comes to money people love themselves more than others. And the ones who do look out for their fellow man or loved ones sure ain't looking out for Trump.
Re: DT tells court he cannot post bond
Posted: Thu Mar 21, 2024 8:08 am
by MonarchMom
After failing to secure bond during the 30 day grace period, DT still has the option to file for bankruptcy. That would delay the payments for months or even years. He has filed for bankruptcy six times in the past, over bad businesses decisions.
Otherwise, the State of NY can move to take ownership of real estate and freeze bank accounts. That is what was done in the case of Bernie Madoff when he was found guilty of fraud. Several billion dollars was collected through civil and criminal forfeiture of assets from Madoff and his co-defendants.
If no bond is posted by Monday (March 25th), New York Attorney General Letitia James could move to seize his assets, including bank accounts or properties such as Trump’s Manhattan office tower at 40 Wall Street.
“He’d rather have Letitia James show up with the sheriff at 40 Wall and make a huge stink about it than say he’s bankrupt,” one of the people close to Trump said. “He thinks about what is going to play politically well for him. Bankruptcy doesn’t play well for him, but having her try to take his properties might.”
https://www.washingtonpost.com/politics ... ankruptcy/
Re: DT tells court he cannot post bond
Posted: Thu Mar 21, 2024 8:51 am
by cgd5112
I just read that DT may be looking at making over $2 Billion from Truth Social. If true, he'll have plenty to finance his eay out of any justice for his victims.
Re: DT tells court he cannot post bond
Posted: Thu Mar 21, 2024 9:16 am
by Della
"Speaking outside a Palm Beach, Florida, polling site Tuesday, Trump addressed Monday’s deadline for his $454 million bond.
"I built a great company, one of the greatest companies anywhere in the country, especially when it comes to real estate. Have some of the greatest assets in the world," Trump said."
https://www.foxbusiness.com/politics/tr ... o-insurers
Yes. So great you can't get a bond.
Re: DT tells court he cannot post bond
Posted: Thu Mar 21, 2024 9:17 am
by Della
MonarchMom wrote: ↑Thu Mar 21, 2024 8:08 am
After failing to secure bond during the 30 day grace period, DT still has the option to file for bankruptcy. That would delay the payments for months or even years. He has filed for bankruptcy six times in the past, over bad businesses decisions.
Otherwise, the State of NY can move to take ownership of real estate and freeze bank accounts. That is what was done in the case of Bernie Madoff when he was found guilty of fraud. Several billion dollars was collected through civil and criminal forfeiture of assets from Madoff and his co-defendants.
If no bond is posted by Monday (March 25th), New York Attorney General Letitia James could move to seize his assets, including bank accounts or properties such as Trump’s Manhattan office tower at 40 Wall Street.
“He’d rather have Letitia James show up with the sheriff at 40 Wall and make a huge stink about it than say he’s bankrupt,” one of the people close to Trump said. “He thinks about what is going to play politically well for him. Bankruptcy doesn’t play well for him, but having her try to take his properties might.”
https://www.washingtonpost.com/politics ... ankruptcy/
I can see him filing bankruptcy. Again.