President Trump

law74 said:
That should be a wake up call for anyone still undecided who to vote for.
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The security arrangements for jurors, prosecutors, court staff and, of course, the judge are huge. Just bonkers. Vote Biden or you may find that’s your last ballot.
 
grunge said:
Depending on what you see $2.6-3.1bn. Even if it’s half that, 80m is pocket change.
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That's not cash though. He would need liquidate assest to realise cash.

His assets ON PAPER have a value which may not necessarily match market value, depending on whether he's claiming value for insurance purposes, or value for the purpose of loans against the property. Basically, financial impropriety that would land you or I in serious trouble.
 
grunge said:
Depending on what you see reported $2.6-3.1bn. Even if it’s half that, 80m is pocket change.
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Well we're about to find out how much of this supposed fortune is held in accurately valued, easily liquidated assets because Engoron should be delivering his verdict imminently which could add something in the region of $250-350m on top of the $80m he owes to Carroll.

So that's up to $430m he's going to have to pony up. And if he wants to appeal, he has to place 111% of verdict value into escrow. Yes, that means if he wants to appeal then he will probably need to find half a billion dollars... pretty much immediately. And he can't squirrel things to offshore funds as he's now under the close inspection of a court monitor.

There is no way he can access that money through legitimate means. The clock is ticking on the next Trump bankruptcy.
 
SkyBlueFlux said:
So that's up to $430m he's going to have to pony up. And if he wants to appeal, he has to place 111% of verdict value into escrow. Yes, that means if he wants to appeal then he will probably need to find half a billion dollars... pretty much immediately. And he can't squirrel things to offshore funds as he's now under the close inspection of a court monitor.
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I wonder what the rationale is behind 111%? Seems a curious number.
 
Trevor Morley's Tache said:
That's not cash though. He would need liquidate assest to realise cash.

His assets ON PAPER have a value which may not necessarily match market value, depending on whether he's claiming value for insurance purposes, or value for the purpose of loans against the property. Basically, financial impropriety that would land you or I in serious trouble.
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Agree. Its a sizable chunk to pay up. His finances are very murky. He was worth a few hundred million a few years back and in a lot of debt.

Since 2016 he's been milking the base and its hard to see how much he's made and where that money is.
 
Trevor Morley's Tache said:
That's not cash though. He would need liquidate assest to realise cash.

His assets ON PAPER have a value which may not necessarily match market value, depending on whether he's claiming value for insurance purposes, or value for the purpose of loans against the property. Basically, financial impropriety that would land you or I in serious trouble.
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Well yeah. Assets are part of net worth and should be considered in punitive fines. If he has to sell real estate/businesses so be it.

If that then shows up more shit then so be it again.

Edit. And if he over estimates his net worth?? Tough.
 
SkyBlueFlux said:
Well we're about to find out how much of this supposed fortune is held in accurately valued, easily liquidated assets because Engoron should be delivering his verdict imminently which could add something in the region of $250-350m on top of the $80m he owes to Carroll.

So that's up to $430m he's going to have to pony up. And if he wants to appeal, he has to place 111% of verdict value into escrow. Yes, that means if he wants to appeal then he will probably need to find half a billion dollars... pretty much immediately. And he can't squirrel things to offshore funds as he's now under the close inspection of a court monitor.

There is no way he can access that money through legitimate means. The clock is ticking on the next Trump bankruptcy.
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And, although I may be mistaken, unless he appeals succesfully he would be barred from doing business in NYC.
 
gordondaviesmoustache said:
I wonder what the rationale is behind 111%? Seems a curious number.
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I'm not sure to be honest, I got the number from this CNN article from the first judgment where Trump had to pay $5m in damages and put $5.5m into a holding account for the appeal:


Wary that it doesn't cite a source but I have seen that same number cited elsewhere.

My layman guess is it's something to do with % interest you would earn during the lifetime of your average appeals process (which I imagine could be a couple of years).
 
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lloydie said:
And, although I may be mistaken, unless he appeals succesfully he would be barred from doing business in NYC.
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I think that's right, the judge has already issued a partial summary judgment back in September relating to the main charge which ordered that Trump's business licenses in NY (where the Trump Org is registered) are cancelled and the LLCs dissolved. The court case was only to determine the extent of the damages in relation to the other charges and the magnitude of the fine - but the initial judgment is already settled subject to appeal.
 
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