Trump loses in NY

[George K]

@LuFins-Dad said in Trump loses in NY:

Beyond that, we are dealing with Value. What is the value of these properties? Let me ask you a question. Is the value of my house what Redfin says? The tax assessor? Or is the value of my house what you are willing to pay and what I’m willing to accept?

[George K]

Appeal Filed:

https://www.cnbc.com/2024/02/26/trump-appeals-new-york-civil-fraud-verdict.html

[George K]

Trump can't raise the cash:

https://www.nationalreview.com/corner/trump-says-he-cannot-post-bond-asks-ny-appeals-court-to-stay-enforcement-of-454m-civil-fraud-judgment/?utm_source=recirc-desktop&utm_medium=homepage&utm_campaign=right-rail&utm_content=corner&utm_term=second

Trump, the billionaire former president and putative 2024 Republican presidential nominee, has told a New York state appellate court that he is not able to post a bond fully securing the enormous judgment awarded against him in the recent civil fraud trial.

I love this law...

1. To appeal, you have to post a bond in the amount of the judgment
2. The judgment is half a billion dollars
3. No one has that kind of cash!
4. Sorry, Charlie.

[Renauda]

Maybe Trump’s two friends Vladimir Putin and Viktor Orban, can lend him an invisible hand in this regard.

[Jolly]

Federal case?

[George K]

@Jolly said in Trump loses in NY:

Federal case?

Some, like McCarthy, think he has an 8th amendment case to be made. Since the fine is so high (and capricious), his right to appeal has, for all practical purposes, been denied.

[Mik]

Agreed.

[Renauda]

The Duke of Trumpster might want to consider taking out a reverse mortgage on Mar-a-Lago Castle. Given his age he should qualify.

[George K]

Trump's bond reduced from half a billion (or so) to about a sixth of billion:

https://apnews.com/article/trump-civil-fraud-case-verdict-penalty-appeal-8447c48d0436083737204b13401438d2

For the sake of comparison, Madoff's bond was $10 million.

SBF's BAIL was about half of Trump's bond was.

[Jolly]

@George-K said in Trump loses in NY:

Trump's bond reduced from half a billion (or so) to about a sixth of billion:

https://apnews.com/article/trump-civil-fraud-case-verdict-penalty-appeal-8447c48d0436083737204b13401438d2

For the sake of comparison, Madoff's bond was $10 million.

SBF's BAIL was about half of Trump's bond was.

I assume a phone call or two was made.

[Jolly]

And it still is an ungodly amount of money. I hope this case gives NYC a real estate black eye for a decade.

[Mik]

It will. It's an indefensible amount and a much too short timeframe.

[Axtremus]

Link to video

[89th]

Ax... but it was a victimless crime.

[jon-nyc]

The size of the fine is a direct result of the fact that the political strategy he has chosen for his court proceedings - namely to treat them with utter contempt - happens to be a very bad legal strategy.

[89th]

A little remorse would've saved him a lot of coin.

[Jolly]

True, but do want to base the fair application of law on pique?

[George K]

@Jolly said in Trump loses in NY:

True, but do want to base the fair application of law on pique?

"You're an asshole, so we'll fine you more."

[xenon]

@Jolly said in Trump loses in NY:

True, but do want to base the fair application of law on pique?

That's an argument for removing remorse as a consideration from the criminal justice system.

[89th]

@George-K said in Trump loses in NY:

@Jolly said in Trump loses in NY:

True, but do want to base the fair application of law on pique?

"You're an asshole, so we'll fine you more."

I believe judges do this all the time. Show an attitude in court during sentencing? Ok, I'll add a few months or years. Usually there are sentencing guidelines/maximums but the judge can take the defendant's actions into account if they want to reduce the sentence.

Sam here, I think the judge here applied the law fairly. Trump owes a certain amount of money based on his illegal gains, and now has to pay it back. Perhaps he would've had to pay less back if he acknowledged his crime, but like Jon said, he took a different strategy.