• @Varyk@sh.itjust.works
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    481 year ago

    Gee, he can’t pay for his business fraud judgments with his sneaker fraud or his nft trading card fraud?

    What about all the bribes he illegally and treasonously accepted by premiers of hostile countries?

  • BringMeTheDiscoKing
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    1 year ago

    Now even our Gloriously Orange Saviour’s lawyers are spouting FAKE NEWS! Bunch of LINOs!

    There’s no bond! There’s no judgement! Some very smart folks are saying there may not even be a legal system! Have you ever actually SEEN a judge?

    Fear not, our Incredibly Patriotic and Stable Genius is still running the show from Truthy Social.

    Ok, hopefully that’s everyone inoculated.

  • @WaxiestSteam69@lemmy.world
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    1361 year ago

    The fact that no bond companies would accept real property as a collateral for the bond and only liquid or easily liquified assets points to the properties being leveraged to the hilt. If he ends up having to pay even a portion of this and has to start selling properties we should see a true picture of his financial status.

    • @homura1650@lemm.ee
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      611 year ago

      Additionally, this judgment is for his civil fraud trial. Where he was found liable for inflating the value of his properties in order to obtain loans against them.

      Given that, I can understand a general reluctance to loan against the value of his properties.

    • FenrirIII
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      641 year ago

      Imagine if he wins the election and is flat broke. He’ll auction off everything the US owns in exchange for a cut or finder’s fee. And let’s not pretend that the emoluments clause actually applies to any of elected leaders.

      • @WaxiestSteam69@lemmy.world
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        141 year ago

        I think the reason it was such an issue with Trump is I can’t think of another president that had the infrastructure (i.e. his hotels) to make revenue via emoluments.

        • @Blue_Morpho@lemmy.world
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          341 year ago

          Carter was a peanut farmer and those peanuts were sold internationally. He sold the farm before being elected so as not to be in violation of the emoluments clause.

          • @WaxiestSteam69@lemmy.world
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            1 year ago

            Didn’t W divest a bunch of stuff and setup a blind trust for the same reason. And if I’m remembering correctly didn’t the peanut farm had been Carter’s family for a while so he gave up something that meant something more than money.

            • @evatronic@lemm.ee
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              291 year ago

              Every president save Trump in modern times has had various assets and investments, and they have all put them in blind trusts during their terms.

          • @Dagwood222@lemm.ee
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            321 year ago

            Just setting the record straight. Carter put his farm in a blind trust. And I agree that Trump isn’t fit to clean Carter’s outhouse

      • jackeryjoo
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        841 year ago

        We don’t have to imagine too hard here. The fact that he’s even able to run for president again is a travesty of justice.

    • A Phlaming Phoenix
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      111 year ago

      So if he falls to make bond and the state starts seizing assets, how does that work, exactly? They auction it to pay the lawsuit? What if Trump gets a bite on selling a property intending to make bond but it’s a big real estate transaction and that takes time? Will he be allowed to finish the sale before the state seizes assets?

      • @ikidd@lemmy.world
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        121 year ago

        They’d be best to sieze and sell the assets independent of Trump. Chances are he will sell stuff to certain people with Slavic accents, and then we’ll have a potential president even further beholden to enemies of the state, which is generally considered sub-optimal.

      • @obviouspornalt@lemmynsfw.com
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        1 year ago

        I’m wondering what priority the state has over existing lienholders. If State has priority, then some banks may be about to get hosed.

      • @nucleative@lemmy.world
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        71 year ago

        The government people who are in charge of collecting the dough from this judgment will be wise to the possibility that he may not have a bonafide buyer and that he’s just fluffing if he says a deal is about to go through.

        Any buyer will know that he’s a motivated seller so the offers aren’t going to be all that great.

        When the government seizes banks that are about to fail, usually they seem to find qualified buyers privately and the deal is over within days.

        I have a feeling that because Trump has allowed things to get to this point, the government is less interested in selling at the highest price possible and instead will take any offer that settles the debt.

    • @ripcord@lemmy.world
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      41 year ago

      He won’t. I just can’t imagine he’s not going to find some bad actor to step in before that happens. Possibly SA.

      • @radicalautonomy@lemmy.world
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        1 year ago

        some bad actor to step in before that happens. Possibly SA.

        Shohreh Aghdashloo is one of the finest actors of our time. You shut your damn mouth.

        Edit: Sorry, I just figured out you meant South America. Yeah, I hate that country, too…buncha jerks.

      • @ferralcat@monyet.cc
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        21 year ago

        Why would sa make a deal with him? It would have to be secret and there’s zero chance he would abide by it later. If he wins and they kill him its a war. If he loses they’ve bought nothing anyway…

    • @dogslayeggs@lemmy.world
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      91 year ago

      As much as I want Trump to be locked up, it would have to be for one of his multiple criminal indictments. Locking people up for not being able to pay fines is basically recreating debtors prisons and is hugely unfair to poor people.

        • @dogslayeggs@lemmy.world
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          11 year ago

          Sort of. The Supreme Court said you cannot be jailed for not being able to pay a fine, only for willingly not paying a fine that you can afford to pay. However, it is up to a judge’s discretion as to whether a person can afford a fine or not.

          In this case, Trump has a lot of properties he can sell to pay a fine.

    • eric
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      1 year ago

      The aggression in Liotta’s laugher makes it the most appropriate gif.

  • @just_change_it@lemmy.world
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    71 year ago

    Nothing is ever black and white. This is just a stalling tactic or another attempt to reduce the penalty or mitigate the situation until he’s past voting time.

    If he wins he’ll just wheel and deal to get others to pay for favors. He’s not banking on losing.

    • President Camacho
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      91 year ago

      Yeah, I don’t want to be defeatist but he has weaseled out of every single consequence so far.

      I’ll believe the consequences when they actually happen. And when they do… Oh boy… I might soil my pants!

      • @just_change_it@lemmy.world
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        51 year ago

        Consequences are for the poor and unpopular. The legal system is just there to protect the wealthy owners, it’s not there to deliver justice.

  • @givesomefucks@lemmy.world
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    1781 year ago

    Trump and his company need to post a bond for the full amount by next week in order to stop New York Attorney General Letitia James from being able to collect while he appeals.

    He doesn’t have the cash to pay, so when NY collects, they can start forcing sales on his property.

    If he gets the bond, then it just sits there till after appeals. Which would prevent him from selling property he put up for bond, but he’d still own them.

    If he misses that bond, the rest of the dominoes will fall like a house of cards. Checkmate