Trump can’t secure $454 million appeal bond in New York fraud case, his lawyers say

Oh and btw the "other things" you were referring to is that he lists his property as across the street from the stock exchange. Well the state of NY said "sorry it's not across the street it's DIAGONALLY across the street. So it's fraud you list it as being "across the street".

So completely ****ing ridiculous

 

Do these clowns understand that if every building owner has to reduce the value of his property to exclude the administrative floors for their commercial properties... they're ALL going to be underwater? Almost every single one of them will be underwater.

But we all know the state of NY isn't going to force them to do that like they've done to Trump. So he's going to win on selective prosecution.

 

Oh and for the record the penthouse oversizing was an accounting error. Hence why it only showed up from 2011-2015 and after 2015 it was fixed and corrected back to 11,000

 

None the less, the building has ten fewer stories than he claimed that it has.

https://www.businessinsider.com/trump-tower-is-not-as-tall-as-trump-says-2016-10

 

Atta boy, keep defending your Precious. Meanwhile, the prosecutions will continue and enforcement actions will commence.

At his point , only the MAGA faithful believe the Orange Stain isn't a multiple, persistent felon.

 

NOBODY requires ten floors of “administrative” space to manage a 64 (not 74) story building.

Indeed, the opposite is routinely true. Developers seek to hold the maintenance and administrative space to an absolute minimum. And usually in the least marketable space. Most commercial buildings have no onsite management at all.

And even if this “administrative space” houses the entire Trump Organization , it is space being used, and that value needs to be reflected.

The truth is that the Trump Tower never really was a particularly successful venture. It was on the wrong street, and was built as a semi residential building on a street that has not been residential since the 1920’s.

 

Yeah, there were a lot of “accounting errors” that were, or weren’t “corrected”.

 

TRump never owned any real estate across from the New York Stock Exchange.

The building diagonally across the street from the NYSE is the Sub Treasury Building, which is Federal property.

 

You don’t believe it because you idolize Trump.

But it is true.

 

It isn’t punitive. But hey, even if you are right, it doesn’t matter. It’s irrelevant.

 

“Accounting error”

 

Obviously it was an error or they wouldn't have fixed it lol

 

Or it was intentional to try to inflate the perceived value.

 

Actually, New York State requires that a Notice of Change be issued when there is a change or correction made to a Statement of Financial Condition relating to business with NY. The agreement by which Trump's company obtained a license to run Ferry Point required NOC's be issued if there was any change in the SFC's
used to obtain the license.

None were ever produced by any Trump company.

 

It took them four years to realize they had tripled the square footage? I call BS, especially considering all of the other lies they told.

 

Great points raised by James:
NY attorney general says appeals court should disregard Trump’s claim it’s impossible to get a bond

https://www.cnn.com/2024/03/20/politics/trump-civil-fraud-bond/index.html

 

If you get a speeding ticket, it's punitive my friend. And given the 6th/8th amendment questions, it needs to get to a district court and probably appealed all the way to the SCOTUS(and the reason we have so many SCOTUS cases, is novel theories like a civil court charging some of the highest fines I personally had seen.)

 

Good luck.

 

“If defendants were truly unable to provide an undertaking, they at a minimum should have consented to have their real-estate interests held by Supreme Court to satisfy the judgment …. or should have otherwise pledged security in real-estate holdings with sufficient value to secure payment of the entire judgment.”

She's gone off the deep end. What can the Court possibly do with said assets? What basis is there in the law for the court to act as a de-facto debt collector for the State of NY?

 

You know, Orange is in a tough spot. If he tries to offer up real estate as collateral, it will require a REAL appraisal. If any of the properties offered were part of the fraud decision and the appraisals come in lower than those claimed in his SFC's, he will be undercutting his own appeal !

The same would apply if he tries to sell a property and the sale price is under the value previously claimed.

 

Totally, fmj...
Trump's entire financial "empire" is smoke and mirrors (and a complete illusion).

 

If anything, if the real values are lower while that would undercut the appeal, it would also strengthen that the summary judgment wasn't based on the facts, and punitive to such a level where the defendant couldn't possibly pay for it. And in that case, like I said: It's coming down. Possibly 175 million-ish instead of a quarter of a billion.

 

That's close to half a billion right now.

Punitive is good. It prevents Trump from committing further fraud and serves as an example to others who might contemplate similar acts.

If anything, the amount of the judgement would increase since lower values for the properties would increase the amount of the fraud.

Enforcement of this judgement might actually be the first domino that falls and, in geometric progression, brings his whole leveraged organization down.

 

Is it punitive if NY can't effectively recoup? The most important thing to any collector is to collect. The reason all of this is coming out is because Trump can't pay upfront now. What does increasing the judgment do other than make it less likely?

He'll likely end up having to declare bankruptcy, meanwhile NY is still holding the bag. A bag that if it had been left in Trump's hands, would've only damaged Trump. Now, the state of NY owns these collateral properties...AT A LOSS.

 

Go find a thread about any conservative female and whine about the things you read there