Showing posts with label Trump Organization. Show all posts
Showing posts with label Trump Organization. Show all posts
Monday, August 5, 2024
Thursday, August 1, 2024
Denied
Perhaps he'll have better luck with "his judges" at SCOTUS.
...but hey, do what you want...you will anyway.
Saturday, June 1, 2024
Friday, April 5, 2024
Hold the presses
I can understand their concern.The $175 million bond in former President Trump’s civil fraud trial is at risk after the New York attorney general’s office questioned the qualifications of the California-based company that posted it.
State lawyers wrote in a brief court notice Thursday that they take “exception to the sufficiency of the surety,” secured from Knight Specialty Insurance Company.
The notice requires Trump or the insurance company to demonstrate that the company is financially capable of paying the bond amount if Trump loses on appeal and that the bond is appropriately collateralized.
The Hill
The New York attorney general’s office separately asked Engoron on Thursday to direct the independent monitor he appointed to oversee the Trump Organization’s business dealings — one of the penalties he imposed — to investigate whether the defense “withheld relevant and responsive information” during the trial.
[...]
[Judge] Engoron scheduled a hearing for April 22 to discuss the matter — which is expected to be one week into Trump’s criminal trial in Manhattan.
UPDATE 04:25 pm:
UPDATE 04/07/2024:
Tuesday, April 2, 2024
Trump has paid his reduced bond
If he loses his appeal, he still owes the state half a billion dollars. Will this same person pay that for him?
Monday, March 25, 2024
A win for Don Poorleone
And there he was earlier whining that he wasn't even allowed to appeal the case without putting up the entire half a billion dollar bond he was assessed.
...but hey, do what you want...you will anyway.
UPDATE 12:58 pm:
Thursday, March 21, 2024
Wednesday, March 20, 2024
You're not going to believe this.... Trump lied
...but hey, do what you want...you will anyway.Former President Donald Trump made a series of false claims on Tuesday while railing against the judge who issued the $454 million civil fraud judgment against him.
Trump posted the claims on social media the day after his lawyers said in a court filing that he had been unable to persuade any company to provide the appeal bond he needs in order to stop New York Attorney General Letitia James, who filed the successful lawsuit against him, from beginning to collect on Judge Arthur Engoron’s judgment.
Trump baselessly accused Engoron and James of corruption and wrote that they are “asking me to put up massive amounts of money before I am allowed to appeal the ridiculous decision. Never done before.” He also claimed that Engoron “wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision” and that “Engoron wants me to put up the ridiculous fine (I DID NOTHING WRONG!) before I get a chance to Appeal his crazed ruling - A first!”
[...]
Trump’s claims are comprehensively untrue. He is allowed to appeal Engoron’s decision without putting up any money. In fact, he is already appealing; he filed his notice of appeal in February, the first business day after Engoron made the ruling official. And what Trump is actually being required to do – put up cash or a bond for the full amount of the judgment to secure a stay that would prevent James from collecting during the appeals process – is not “a first” or something “never done before.” The requirement is set out by New York law, and it is regularly applied in civil cases in the state.
[...]
James gave Trump a 30-day grace period before she starts to collect on the judgment. It ends on Monday, March 25, meaning that this date is a de facto deadline for Trump to find the cash or a bond unless a New York appeals court panel agrees to his request to allow him to avoid putting up the money until the end of the appeals process – which could be years from now. (The appeals court could alternately allow Trump to put up a smaller amount of money.)
If Trump did not secure a stay, James collected on the judgment, and then Trump eventually won the case on appeal, James would be required to return any collected money to Trump along with interest.
CNN
Tuesday, March 19, 2024
Monday, March 18, 2024
Begging for big money
Somebody will come through. Jared has a lot of money. Putin can funnel some in some way.
...but hey, do what you want...you will anyway.
UPDATE 03/20/2024:
Thursday, February 29, 2024
Poor-mouth
...but hey, do what you want...you will anyway.Donald J. Trump on Wednesday lost his initial bid for a New York appeals court to pause the more than $450 million judgment he faces in a civil fraud case, a decision that could expose him to financial peril.
Mr. Trump’s lawyers had asked the appeals court to allow him to post only a $100 million bond — a promise from an outside company that the judgment eventually will be paid — because securing one for the full amount was “impossible,” they said.
A single appellate court judge assigned to consider Mr. Trump’s request, Anil Singh, turned him down on Wednesday. Mr. Trump will try again next month with a panel of five appellate court judges, but for now, the former president is still on the hook to post a bond for the full amount of more than $450 million.
NYTimes
Monday, February 26, 2024
Saturday, February 24, 2024
Friday, February 16, 2024
Fraud penalty verdict is out
Should have been permanently, but we'll take it.
If he doesn't come up with the nearly half a billion dollars he has been fined to put in holding while on appeal, New York can begin the process of seizing his properties.
AKA pay the fine for him.In a series of posts on his Truth Social platform after the decision, Trump railed against Judge Arthur Engoron and said there “were No Victims, No Damages, No Complaints.”
He went on to further criticize Engoron and New York Attorney General Letitia James (D) in multiple posts, saying the New York case was a “witch hunt” and that he was fined “$355 Million based on nothing other than having built a GREAT COMPANY.”
[...]
Additionally, the Trump campaign sent out an email an hour after the ruling calling on his supporters to donate to his presidential bid to “end the which hunt” against him.
The Hill
I think it crosses the border.Donald Trump, his eldest sons and associates have been ordered to pay over $350m by a New York judge who found them guilty of intentionally committing financial fraud over the course of a decade.
“The frauds found here leap off the page and shock the conscience,” Judge Arthur Engoron wrote in his decision. In a devastating blow for the former president who had built his reputation as a successful real estate developer, Engoron barred Trump and two other executives from serving as officers or directors of any corporation or entity in New York for three years. His sons, Eric and Donald Trump Jr, were banned for two years.
[...]
“Overall, Donald Trump rarely responded to the questions asked and he frequently interjected long, irrelevant speeches on issues far beyond the scope of the trial. His refusal to answer the questions directly, or in some cases, at all, severely compromised his credibility,” Engoron wrote.
In his decision Engoron said the defendants’ “fact and expert witnesses simply denied reality, and defendants failed to accept responsibility or to impose internal controls to prevent future recurrences” adding the defendants “complete lack of contrition and remorse borders on pathological”.
Guardian
There's no "probably" to it.The decision will make it hard for any Trump family member to run the business in the near future. Trump’s adult sons were each fined $4m. Eric Trump acts as the Trump Organization’s chief executive.
[...]
Trump has denied all wrongdoing and will probably appeal the decision.
In Friday’s verdict, Engoron overturned his initial ruling, saying that “the cancellation of the business licenses is no longer necessary” as he is ordering the appointment of two court monitors to oversee “major activities that could lead to fraud”.
[...]
In determining the size of the fine, Engoron agreed with prosecutors that Trump saved about $168m in interest by inflating the value of assets. Another $126m came from calculating the “ill-gotten profits” Trump received from selling the Old Post Office building in Washington DC, which Trump would not have been able to purchase, Engoron said, without using false financial statements.
"AND" saddled him with a monitor?
UPDATE 06:05 pm: Seriously deluded...
And having to have someone monitor his business must just burn him up.
While interest continues to accrue?
The emails to gullible MAGA supporters are going to be daily, if not hourly.
Not "every single American." The wiser ones will get the signal that you can't perform fraud in New York without getting smacked down.In his initial summary judgement ruling, which was handed down in September, Judge Engoron ordered some of Mr Trump's business licenses be rescinded — a punishment widely known as "corporate death penalty".
That order was on hold while Mr Trump appealed, but in Saturday's ruling, the judge has backed off from that move, describing it as being "no longer necessary".
The former president could be forced to pay the hundreds of millions of dollars in fines while he appeals.
Former prosecutor Mitchell Epner said this could take up to 36 months as the appeal process in New York tends to be very slow.
[...]
"[This will] create a real cash flow crunch for Donald Trump, even if he's as wealthy as he contends he is."
[...]
[Trump's] lawyer and spokeswoman Alina Habba confirmed the former president will be appealing the ruling.
If the decision were to stand, "it will serve as a signal to every single American that New York is no longer open for business," she said.
ABC
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