1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Trump Grifts, Loans, and Investigations

Discussion in 'BBS Hangout: Debate & Discussion' started by deb4rockets, Aug 22, 2020.

  1. FranchiseBlade

    Supporting Member

    Joined:
    Jan 14, 2002
    Messages:
    51,814
    Likes Received:
    20,475
    These laws are decades old. It looks like your boy, Trump did the crime but can't do the time.
     
    No Worries likes this.
  2. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

    Joined:
    Jun 11, 2002
    Messages:
    15,686
    Likes Received:
    6,638
    First time this obscure fraud statue has ever been applied. And the bank -- the "injured party" testified in Trump's favor! Talk about a political persecution. Letitia James said she'd do it before she was elected and before Trump was even investigated! This is horrible, and for those of you who lack the foresight to see how bad of a precedent has just been set, then shame on you.

    Trump's stake in DWAC is worth billions -- he has the assets/collateral to post the bond... and he is unlikely to pay a dime when this miscarriage of justice is overturned on appeal.
     
  3. FranchiseBlade

    Supporting Member

    Joined:
    Jan 14, 2002
    Messages:
    51,814
    Likes Received:
    20,475
    ::sad trombone::
     
  4. Buck Turgidson

    Joined:
    Feb 14, 2002
    Messages:
    101,335
    Likes Received:
    103,938
    The laws of Ancient Rome are decades old, huh?
     
    rocketsjudoka and FranchiseBlade like this.
  5. FranchiseBlade

    Supporting Member

    Joined:
    Jan 14, 2002
    Messages:
    51,814
    Likes Received:
    20,475
    Decades is plural after all.
     
  6. Buck Turgidson

    Joined:
    Feb 14, 2002
    Messages:
    101,335
    Likes Received:
    103,938
    THE BEST DECADES

    I have Decades coming up to me, with tears in their eyes, and saying I'VE NEVER $EEN DECADES LIKE THIS
     
    No Worries and FranchiseBlade like this.
  7. No Worries

    No Worries Member

    Joined:
    Jun 30, 1999
    Messages:
    32,939
    Likes Received:
    20,739
    FIFY.
     
    Buck Turgidson likes this.
  8. rocketsjudoka

    rocketsjudoka Member

    Joined:
    Jul 24, 2007
    Messages:
    58,170
    Likes Received:
    48,346
    I’ve been saying that Ancient Rome is important and relevant
     
  9. rocketsjudoka

    rocketsjudoka Member

    Joined:
    Jul 24, 2007
    Messages:
    58,170
    Likes Received:
    48,346
    Also need I really point out the irony of Trump supporters whining about political retribution when a lot of Trump speeches are about going after political enemies when he’s back in power .

    Trump himself tells his supporters he will be their retribution.
     
    FranchiseBlade likes this.
  10. Buck Turgidson

    Joined:
    Feb 14, 2002
    Messages:
    101,335
    Likes Received:
    103,938
    every accusation a confession
     
    deb4rockets and FranchiseBlade like this.
  11. Xopher

    Xopher Member

    Joined:
    Feb 1, 2017
    Messages:
    5,463
    Likes Received:
    7,455
    I'm not sure how they can claim political retribution. According to Trump a president has Presidential immunity. Therefore Dark Brandon can imprison Trump and have him waterboarded 3 times a day. Now that I think about it presidential immunity sounds better abd better.
     
    FranchiseBlade likes this.
  12. adoo

    adoo Member

    Joined:
    Mar 1, 2003
    Messages:
    11,941
    Likes Received:
    8,040

    Trump’s properties could be seized if $454 million civil fraud debt not paid, warns NY AG James


    Donald Trump could be at risk of losing some of his prized properties if he can’t pay his staggering New York civil fraud penalty. With interest, he owes the state nearly $454 million — and the amount is going up $87,502 each day until he pays.


    Could the NY state really seize Trump’s assets

    Seizing assets is a common legal tactic when a defendant can’t access enough cash to pay a civil penalty. In a famous example, O.J. Simpson’s Heisman Trophy was seized and sold at auction in 1999 to cover part of a $33.5 million wrongful death judgment against him.

    Trump could avoid losing assets to seizure if he has enough cash — or is able to free up enough cash — to pay his penalty and mounting interest.


    How will an appeal affect Trump’s penalty

    With Trump promising to appeal, it’s unlikely he’ll have to pay the penalty — or face the prospect of having some of his assets seized — for a while. If he wins, he might not have to pay anything.

    Under state law, Trump will receive an automatic stay if he puts up money, assets or an appeal bond covering the amount he owes. A stay is a legal mechanism halting enforcement of a court decision while the appeals process plays out.

    “Even if we choose to appeal this – which we will – we have to post the bond, which is the full amount and some, and we will be prepared to do that,” Trump lawyer Alina Habba told Fox News on Monday.

    Trump’s lawyers can also ask the appeals court to grant a stay without obtaining a bond or with a bond for a lower amount.

    In his Georgia election interference criminal case, Trump paid $20,000 — or 10% — for a $200,000 release bond. After losing at a first trial involving Carroll last year, Trump put $5.55 million in escrow to cover the cost of the judgment while he appeals. He has said he would appeal the $83.3 million January verdict but has yet to do so.

    “If he can’t post a bond or meet the appellate division’s bonding requirements, then I would expect him to file bankruptcy to take advantage of the automatic stay on collection,” Germain said. “But that’s a couple of chess moves away, so we will just have to see what happens.”

    Trump’s vow to appeal all but assures the legal fight over his business practices will persist into the thick of the presidential primary season as he tries to clinch the Republican nomination in his quest to retake the White House.

    The appeal is also likely to overlap with his criminal trial next month in his New York hush-money case, the first of his four criminal cases to go to trial.

    In all, Engoron ordered Trump and his co-defendants to pay $363.9 million in penalties, or about $464.3 million with interest. The total bill increases by $89,729 per day, according to AP’s calculations.

    Trump’s sons, Eric and Donald Jr., must each pay about $4.7 million, including interest, to the state for their shares of the Washington hotel sales. Weisselberg was ordered to pay $1 million — for half of the $2 million severance he’s receiving — plus about $100,000 in interest.

    Until they pay, Weisselberg is on the hook for another $247 per day, while Trump’s sons each owe an extra $990 per day, according to AP’s calculations.
     
    No Worries likes this.
  13. deb4rockets

    deb4rockets Member
    Supporting Member

    Joined:
    Oct 8, 2013
    Messages:
    25,079
    Likes Received:
    32,386
    Is he waiting for Putin to funnel him some cash?

    The longer Trump delays paying the civil fraud fine, the higher it gets. With the statutory annual interest rate set at nine percent, that shakes out to an increase of $87,502 per day. According to a penalty calculator Trump owes the state of New York a grand total of $454,069,281 as of Thursday.
     
    FranchiseBlade likes this.
  14. adoo

    adoo Member

    Joined:
    Mar 1, 2003
    Messages:
    11,941
    Likes Received:
    8,040
    his options are limited to
    • the Jared Kushner / MBS route and
    • Putin and his Oligarchs
     
    deb4rockets likes this.
  15. No Worries

    No Worries Member

    Joined:
    Jun 30, 1999
    Messages:
    32,939
    Likes Received:
    20,739
    Jared Kusher could loan his father-in-law 500 million from his 2 billion portfolio.
     
    deb4rockets and ROCKSS like this.
  16. NewRoxFan

    NewRoxFan Member

    Joined:
    Feb 22, 2002
    Messages:
    55,794
    Likes Received:
    55,868
    jared and ivanka probably have blocked ragy mcrapey's phone number...
     
    deb4rockets likes this.
  17. Xerobull

    Xerobull ...and I'm all out of bubblegum

    Joined:
    Jun 18, 2003
    Messages:
    37,073
    Likes Received:
    36,023
  18. Commodore

    Commodore Member

    Joined:
    Dec 15, 2007
    Messages:
    33,579
    Likes Received:
    17,554
    more law enforcement money and manpower has been dedicated to Trump than any person in American history

    probably more than $500M at this point

     
  19. NewRoxFan

    NewRoxFan Member

    Joined:
    Feb 22, 2002
    Messages:
    55,794
    Likes Received:
    55,868
    Someone that has committed lots of crimes... ranging from rape, fraud, mishandling top-secret documents and all the way to trying to overturn an election... complaining about the amount he is prosecuted... perhaps he should have simply not committed crimes?
     
  20. rocketsjudoka

    rocketsjudoka Member

    Joined:
    Jul 24, 2007
    Messages:
    58,170
    Likes Received:
    48,346
    If Trump really cared about the cost to the US he could just agree to plea bargain his indictments and stop delaying his trials.
     

Share This Page