The former president, who is appealing the judgment in his civil fraud case, asked an appeals court to let him avoid paying the full amount in the meantime.

It’s pretty clear he doesn’t have the cash to pay the judgement in full, and will need to sell illiquid assets at a discount in order to pay the full amount.

  • dohpaz42@lemmy.worldEnglish
    165·
    10 months ago

    Without a stay, Mr. Trump’s lawyers warned, he likely would have to sell some of his New York properties “under exigent circumstances,” in what would be a punishing blow to the former president.

    Oh no! It’s almost as if he will have to face negative consequences for his actions.

    Anyway, did anyone see the Charlotte FC game last Saturday? That was a killer goal scored.

  • BertramDitore@lemmy.worldEnglish
    128·
    10 months ago

    I would think Trump, like any organized crime boss, understands the difference between “here’s what I owe you” and “here’s a quarter of what I owe you.”

    One results in broken legs, one doesn’t.

      • CareHare@sh.itjust.works
        81·
        10 months ago

        Alas, it favours rich, white, straight men. He’ll never get the full punishment he deserves. If he did, he’d already be in jail for a long time. I bet you his little tushy would have been massacred if he actually got convicted for all the horrible crimes he committed.

        • Dojan@lemmy.world
          4·
          10 months ago

          Yeah, I’d love to see him get to face his charges, but I have no hope at all that he will.

          My sleepy brain also misread “his tushy” as “your tushy” and stared dumbfounded at this comment for half a minute.

  • ZeroCool@slrpnk.netEnglish
    95·
    10 months ago

    Donald J. Trump offered a New York appeals court on Wednesday a bond of only $100 million to pause the more than $450 million judgment he faces in his civil fraud case, saying that he might need to sell some of his properties unless he gets relief.

    It was a stunning acknowledgment that Mr. Trump, who is racing the clock to either secure a bond from a company or produce the full amount himself, lacks the resources to do so.

    Once a deadbeat always a deadbeat.

  • medgremlin@midwest.social
    801·
    10 months ago

    I want them to seize the Trump tower and turn it into low-income housing and a job training/community college with whatever liquid assets they do squeeze out of him. Use the disgorgement to help the people of New York have better lives.

      • medgremlin@midwest.social
        4·
        10 months ago

        Change it to Alice Paul and we might have something going there. (But housing, job training, and education are some of the most needed things in low-income communities.)

        https://en.wikipedia.org/wiki/Alice_Paul (Of note, Alice Paul was against abortion as were many of the suffragettes as they viewed it as a form of exploitation. However, her legacy as a leader in the women’s rights movement and in nonviolent protest are very important to world history as a whole. There is some debate about this, but it has been claimed that Ghandi kept correspondence with her and learned from her example of nonviolent protest.)

  • PrincessLeiasCat@sh.itjust.works
    68·
    10 months ago

    Florida Man who claimed to own billions loses court case and is too poor to pay what is ordered, begs court for mercy after complaining judgement is too harsh.

  • stoly@lemmy.world
    66·
    10 months ago

    LOL I love the idea that you can negotiate here. It’s pretty clear that they really don’t understand the ramifications of what has happened.

    When Trump was first elected, it was clear that they never actually planned to win and govern. They had no plan, no staff in place, nothing. They literally didn’t understand that you needed to do that.

    If Trump had just stayed a celebrity real estate agent, nobody would have paid much attention to his business dealings. It’s clear that they didn’t understand that life would change after becoming a political figure. The same keeps happening–they can’t seem to get that he’s not a private business person whose dealings are opaque.

    • Dagwood222@lemm.ee
      47·
      10 months ago

      If Donnie had just stepped back and let Fauci and the professionals take over, he’d have won 2020.

      Heck, he could ahve extorted billions out of the Saudis just by suggesting he might change US policy.

      All his failures are about his pride.

      • BakerBagel@midwest.social
        29·
        10 months ago

        Literally all he had to do was start selling red MAGA masks. Instead he encouraged millions of his supporters to avoid quarantine, dont wear masks, and take homey cures and it cost him the election. Wonder how many of the hundred thousand plus COVID deaths in Georgia were Trump supporters?

            • Dagwood222@lemm.ee
              6·
              10 months ago

              If I had an interview with Trump, I wouldn’t go after his big lies. I’d keep hammering away at all the little ones.

              “Who is John Barron?”

              “Who were the detectives you sent to Hawaii to investigate Obama’s birth certificate.”

              “Why did you say you had walked in on the Miss Teen USA contestants?”

              This are three that instantly come to mind, but I’m sure I could find hundreds more

              • PrincessLeiasCat@sh.itjust.works
                7·
                10 months ago

                I feel like anytime he’s face with facts, he changes the subject and starts rambling again. Sea lioning Gish Gallop I believe it’s called. Multiple reporters have tried to do what you suggest, but mostly it’s futile. His brain only knows how to construct incoherent rambling and insults.

                One Axios reporter did do a good job once though iirc.

                Edit: Gish Gallop is the term I was looking for, as gracefully pointed out below! Thank you!

        • tigeruppercut@lemmy.zip
          8·
          10 months ago

          He’s way too stupid to see beyond a day or two in the future, so when covid hit cities and he realized dem voters were dying he came out against any protective measures. He couldn’t understand that it would eventually mean more of his cultists would die off.

      • nxdefiant@startrek.website
        7·
        10 months ago

        If he had the capability to put competent people in positions and then let them do their job, then he may have been a successful President instead of a raging nuclear tire fire.

    • DrMango@lemmy.world
      3·
      10 months ago

      That’s what kills me. This guy could have lived out the rest of his days banging pornstars and defrauding investors and no one would have raised an eyebrow until the posthumous Netflix documentary, but no, he had to go and accept the most public job in the country.

      He chose this.

  • Telorand@reddthat.com
    641·
    10 months ago

    It’s pretty clear he doesn’t have the cash to pay the judgement in full, and will need to sell illiquid assets at a discount in order to pay the full amount

    It’s even better. The court-appointed special monitor Barbara Jones now has the power to start seizing assets until he meets the requirements to have an appeal. And, the interest meter is running, at $3mil/month.

    Basically, he needs to pony up the money. Period. If the Appellate Court finds Engoron made his judgement beyond reason, they would then go through another process to determine how the courts would pay back whatever is necessary.

    He’s fucked.

    • sudoshakes@reddthat.com
      56·
      10 months ago

      Better still, is he swore under oath to having $450 million in cash. So if he says otherwise he then opens himself up to charges for lying under oath.

      • RamblingPanda@lemmynsfw.com
        15·
        10 months ago

        This has to be the best thing Trump ever did. His appearance in Kevin in New York was shit, I’d rather drink from the toilet than watch the apprentice, but this here, this is hilarious. In a way I don’t want it to stop, but then again I want to see him behind bars and his goons wallow in their own tears. This is just epic. I’ll gladly subscribe to any streaming service that makes a documentary about it. Even Disney.

  • Treczoks@lemm.ee
    31·
    10 months ago

    When will he learn that this is not one of his crooked deals, but a “pay up or shut up” situation? I hope he’ll have to sell his real estate pennies to the dollar.

    What will happen if everything is sold and he is still in debts?

    • kwking13@lemm.ee
      351·
      10 months ago

      You’ve never been a rich privileged white man I see. Trump’s only thoughts are “surely this can’t be fair, there’s gotta be something we can do to come to a better agreement” and he’ll continue to be flabbergasted by any other result because he’s never had to deal with real consequences in his life.

    • orbitz@lemmy.ca
      151·
      10 months ago

      Learn? Trump has a handful of actions that he repeats since it’s work his whole life, sue, whine loudly how badly he’s treated, threaten, commit large amounts of fraud like it’s going out of style. Hopefully he’ll finally have reprocussions in action (know we’re waiting on time while he is supposed to pay) but I doubt he’ll actually learn, he’ll just go back to his whining.

      I always thought if it was a fighting game sue would be his default attack button.

  • gloss
    29·
    10 months ago

    It’s his standard operating procedure: offer a down payment and get the goods, then skip town and never pay the rest. Only I don’t think it’s going to work out for him this time…

      • roscoe@lemmy.dbzer0.com
        7·
        10 months ago

        Dafuq? I’ve been reading her name as Leticia all this time. It’s like when I found out, after years of reading the name, the the CEO of ULA is named Tory Bruno, not Tony.

        • Hominine@lemmy.worldEnglish
          5·
          10 months ago

          Hey, I’m a Tony and spent yesterday trying to figure out why I was invited to a random one-on-one.
          Apparently it was meant for Tong.

    • stoly@lemmy.world
      6·
      10 months ago

      Of course she will write the strongest one possible, but this might be a case where her response isn’t really that necessary except for procedural reasons–the judge is going to quash this anyway.

  • snooggums@midwest.socialEnglish
    26·
    10 months ago

    It’s like someone playing Monopoly who has to start selling hotels and houses to pay off the Street Repairs card from the Community Chest asking to pay $100 instead.

    Street Repairs: You are assessed for street repair. $40 per house. $115 per hotel

    There should be zero leniency for Trump. Make him sell those hotels at a loss if necessary.

    • RamblingPanda@lemmynsfw.com
      11·
      10 months ago

      You mean face consequences like a normal person? That’s a nice idea, a completely new concept. Consequences for the rich, how delightful!

  • Dkarma@lemmy.world
    22·
    10 months ago

    Just like in monopoly he can just mortgage a hotel. He’s a billionaire, right??? 😏