Donald Trump

[lloydie]

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.

And, although I may be mistaken, unless he appeals succesfully he would be barred from doing business in NYC.

 

[SkyBlueFlux]

I wonder what the rationale is behind 111%? Seems a curious number.

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:

https://edition.cnn.com/2023/06/23/politics/trump-e-jean-carroll-5-5-million/index.html

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).

 

[SkyBlueFlux]

And, although I may be mistaken, unless he appeals succesfully he would be barred from doing business in NYC.

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.

 

[The Future’s Blue!]

what a fucking idiot

Is that living wage, from hand to mouth, or has he transferred all his funds to elsewhere.

 

[bluethrunthru]

Is that living wage, from hand to mouth, or has he transferred all his funds to elsewhere.

My guess is that if he hasn't taken the 3rd option then he is thicker than I thought

 

[FogBlueInSanFran]

I guarantee Trump has negative net worth because I guarantee his asset values are overstated uniformly and he’s levered to the hilt using the inflated valuations as collateral . . . and now here come the new (real-time, cash) liabilities.

If he lives long enough, a personal bankruptcy filing is a certainty.

 

[roman totale]

There is no way he can access that money through legitimate means. The clock is ticking on the next Trump bankruptcy.

A couple of quick phone calls to his handlers back in Mother Russia and he’ll find the money.

 

[laserblue]

A couple of quick phone calls to his handlers back in Mother Russia and he’ll find the money.

"We get all the finance we need from Russia" - Eric Trump 2014.

 

[blueinsa]

He could be on Death Row this **** and he would still be leading the race for the Whitehouse.

I’ve never seen anything quite like it.

 

[FogBlueInSanFran]

He could be on Death Row this **** and he would still be leading the race for the Whitehouse.

I’ve never seen anything quite like it.

True, though there was that one country which inexorably altered their economy permanently for the worse because they were afraid of brown people based on a 15-word referendum some time ago, but I can’t recall which one it was.