The Tiny Scandals and Trials

[ti-amie]

The donations will come in.
"I will do ANYTHING for the real president of the USA!!!"

Andrew—Author of America Rises On Substack—Wortman
@AmoneyResists
The most incredible story in three parts.

[ti-amie]

Dr. Jack Brown :verified:
@DrJackBrown@mstdn.social
"If he does not have funds to pay off the judgement, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets."

Leticia James
Attorney General, New York State
Re Donald Trump's NY Fraud case

[ti-amie]

Trump Tries to Change NY Business Addresses to FL in Fraud Judgment
Nice try.
Ron Filipkowski minutes ago

Donald Trump's attorneys were required to submit a proposed order for Judge Engoron to sign that conformed to his verdict and judgment in the case. They complied, but in the process it seems that Trump is trying to pull a fast one somewhere along the way. The proposed judgment that was submitted had the addresses changed for 6 of Trump's businesses from New York to Florida. It is unclear whether this was something done by Trump before his trial in a feeble attempt to put them out of the jurisdiction of the NY courts, or if it was done after the trial to try to avoid the judgment. As with all things Trump, nothing is on the straight and narrow.

Either way, the Attorney General's Office filed an immediately objection to the proposed judgment over these address changes. In their filing, the AG said "several of the addresses for the Defendants in the proposed judgment are incorrect ... the Court should reject Defendants' attempt to change the business address of six entity Defendants to Florida as the record establishes those entities are located in Trump Tower at 725 5th Avenue in New York, the office building in which the executives who carry out business activities of those entities work."

[ti-amie]

Adam Klasfeld
@KlasfeldReports
Justice Engoron's signed judgment has been made public.

Straight legal analysis about what comes next in the appellate process,
@Just_Security
https://justsecurity.org/92637/what-to- ... -and-more/

https://iapps.courts.state.ny.us/fbem/D ... ystem=prod

TL;dr

Alex Cole
@acnewsitics
BREAKING: The New York County clerk has just entered the judgment signed by Justice Engoron, which means Donald Trump has 30 days to come up with over $454,156,783.05 plus $87,000 interest daily to appeal. If not, Letitia James can start seizing his properties.

[patrick]

Trump will never pay and his assets is probably valued less than that or he signed off his agents to very trusty people,

[ponchi101]

How about Trump tower and Mar-a-lago? Those should be easy to seize.
Other than that, agree with you.

[ti-amie]

So he offered to pay $100m instead of the full amount he'd need to put in escrow. Here's NY AG's response. It takes her 35 pages to say "no".

https://s3.documentcloud.org/documents/ ... cation.pdf

[ti-amie]

Court denies Trump's bid to freeze $464M judgment, after his lawyers say he'd have to sell properties to pay
The former president had sought to post a fraction of the bond amount.

By. Peter Charalambous and Aaron Katersky
February 28, 2024, 3:57 PM

A New York appellate court on Wednesday denied Donald Trump's attempt to freeze the judgment in his civil fraud case, a ruling that means, for now, that the former president is required to post a bond for hundreds of millions of dollars in the coming weeks.

Judge Anil Singh declined to address the amount of the bond, effectively requiring Trump by default to post a bond for the full judgment of $454 million.

Defense attorneys had said Trump was prepared to post a $100 million bond, arguing he had no way to secure a higher amount without selling off some of his real estate. A bond to cover the judgment in the case would have to be at least 120% of the total judgment -- more than $550 million, attorneys said.

"In the absence of a stay on the terms herein outlined, 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," defense attorneys argued.

Judge Singh did agree to pause the enforcement of the part of the judgment that prohibited Trump and his sons from running their family business for the next several years. The ruling means the former president, Donald Trump Jr., and Eric Trump can remain in charge of the Trump Organization for the time being.

Trump still has at least two opportunities to appeal the ruling -- first with a panel of judges at New York's Appellate Division, First Department next month, then with New York's Court of Appeals if the first attempt is unsuccessful.

Manhattan Supreme Court Judge Arthur Engoron, in a judgment issued earlier this month, found Trump, his adult sons, and two former Trump Organization executives liable for a decade of fraudulent business activity in which they used "numerous acts of fraud and misrepresentation" to inflate Trump's net worth in order to get more favorable loan terms. He ordered the defendants to pay a total of $464 million in disgorgement and pre-judgment interest.

In their court filing early Wednesday, Trump's lawyers argued that the penalties are "unprecedented and punitive."

"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," defense lawyers wrote in the filing. "Appellants nonetheless plan to secure and post a bond in the amount of $100 million."

In the filing, Trump's lawyers said that posting a bond to cover the entire judgment would not only be impossible but also unnecessary given the preexisting oversight provided by the Trump Organization's independent monitor. According to the filing, the current oversight coupled with the $100 million bond ensures that New York Attorney General Letitia James could collect the judgment if needed.

"Those assets are not going anywhere, nor could they given the oversight of the Monitor and the practical realities of the existence of the very public Judgment," the filing said.

In their motion for a stay, defense attorneys Clifford Robert and Alina Habba called Engoron's order "draconian" and said the punishments would unfairly impede Trump's family real estate business.

"The extraordinary relief Supreme Court has granted is punitive, patently improper, unsupported by the evidence, and/or unavailable under the Executive Law, and is premised upon claims this Court ruled are time-barred," the motion said.

The filing cited "the Attorney General's public threats that she will seize Appellants' real property forthwith to satisfy the Judgment," a reference to remarks New York Attorney General Letitia James made during an interview with ABC News.

"If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets," James told ABC News last week.

In response to defense's filing, an attorney for the New York attorney general pushed back against Trump's plan to post a $100 million bond, arguing in their own filing that Trump and his co-defendants might attempt to evade enforcement of the $464 million judgment.

"Contrary to defendants' argument, there is substantial risk that defendants will attempt to evade enforcement of the judgment (or make enforcement more difficult) following appeal," the attorney general's filing said.

Dennis Fan of the AG's office suggested in the filing that Trump's lawyers admitted the former president lacks the money to cover the judgment.

"There is no merit to defendants' contention that a full bond or deposit is unnecessary because they are willing to post a partial undertaking of less than a quarter of the judgment amount," Fan wrote. "Defendants all but concede that Mr. Trump has insufficient liquid assets to satisfy the judgment; defendants would need 'to raise capital' to do so."

Fan argued that a full bond would be necessary in order to ensure the judgment could ultimately be collected, highlighting past behavior by the Trump Organization that he argued demonstrates the possibility they might evade the fine. He cited a $40 million transfer previously flagged by the company's independent monitor and a recent effort to list Trump's companies with Florida addresses.

"And even now, in claiming urgency, defendants have made no efforts to be forthcoming with this Court about their specific efforts to obtain a bond," the filing said.

The attorney general asked the court to deny Trump's request for an interim stay, expedite its review of the request, continue the oversight of the Trump Organization through its monitor, and ensure that the defendants can fully satisfy the entire judgment.

Trump's attorneys requested the stay pending their appeal of Engoron's ruling, which they filed Monday.

https://abcnews.go.com/US/trump-plans-p ... =107634579

[Owendonovan]

I kinda wish all of his cases were heard in NY. The NYers have gotten the correct legal opinions. I hope he takes a dirt nap right after he pays up.

[ponchi101]

I know we hate him, and the man is scum and deserves everything he should get from these trials.
But nobody has $400 MM in cash just in a bank account. Not Elon, not Bill, not Mark, nobody. So, if he losses the appeal, he will still have to sell assets to pay, so might as well accept those properties as bond and when he losses, liquidate them.
Don't make it harder for him to pony up because what is really needed is for him to be behind bars by September. Otherwise, the bunch of whining democrats that will not vote for Biden because "he is old" (he is, but look at the other option) will hand the presidency to Tiny and then he will appoint his AG and get everything thrown out the window.
He said it. Expect a reign of revenge. So, let's get it over with and throw him in prison.

[ti-amie]

Inner City Press
@innercitypress
Trump docket: Habba's request for "temporary administrative stay" of $83.3 million judgment for E. Jean Carroll has just be denied by Judge Kaplan. Inner City Press wrote the book (below); story coming


Third paragraph down

[ti-amie]

Is this why Elmo's been to visit him in Mar-a-lago? Is Elmo so liquid that he can afford to be stiffed by Tiny?

[ponchi101]

Imagine this in a whiny, unbearable voice:
"Secretary of Energy Melon Musk. How does that sound, Melon? You would be the greatest secretary of energy of all time!!!"
"Ah, the name is Elon, not Melon, and I am South African"
"Even better! People in the South love me! SO, how about it? I promise you you will be the secretary of energy, you don't have to give up any of your stock in ... in that car company you drive, and you just let me take control of Tweety! What do you say?"
Long pause. And now think of Woody Harrelson in Natural Born Killers.
"I say go for it"

[Owendonovan]

I love how he's crying about having to possibly sell properties to raise cash, as though this is first time someone might have to sell an asset to satisfy a judgement.

[ti-amie]

I love how he's crying about having to possibly sell properties to raise cash, as though this is first time someone might have to sell an asset to satisfy a judgement.

It's the first time he hasn't been able to game the system. Like the judge said above he knew this was coming but he thought he could weasel his way out of paying. Don't forget the system he was gaming was in NYS. The thing is if he has to sell that building on 5th avenue how quickly can they get all of the foreign agents and others out of there?