General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIf the initial judgment had been $175m most would've thought that significant.
I still think it is. And its still a consequence for a man who is used to not suffering the consequences of his actions.
Its still a win for New York, and for America.
dem4decades
(11,306 posts)Blue Idaho
(5,060 posts)It would have still been lowered on appeal. Im glad they started where they did. Now lets throw out his appeal and take his money.
It is beyond me why the judges couldnt have explained that the original amount of money was determined on a schedule. The amount of taxes that were not paid by low balling property values, the amount of interest unpaid by falsifying values plus interest. They didnt just pull the number out of their asses to hurt the baby man! Now it looks like the original number was set at an arbitrary number instead of the amount that would have been paid by an honest business. Thats what kills me. Regular businesses pay fines on real mistakes. One time I thought that I had made a withholding deposit but at the end of the quarter I had made a miscalculation. Boom $1,200 penalty. Im so sick of this guy getting preferential treatment! To think that all of the upper crust gets the same benefits makes my disgusted!
Ocelot II
(115,894 posts)at $111,000 per day. Why is there all this weeping and wailing about the reduced bond requirement? We don't even know yet if he'll be able to get it in 10 days. If he does, the state gets the money if he loses the appeal (and he will) without having to go through the protracted and complicated procedures involved in attaching assets in that amount, and he's still liable for the rest of it. If he doesn't get the bond she can go ahead and execute on the judgment. By that time he'll owe another million bucks because of the interest. Even if the appeal takes a year (not likely, but possible), that's another $40 million.
Cattledog
(5,919 posts)The Appeals court left that in place. Am I correct?
chowder66
(9,087 posts)Lisa Rubin
@lawofruby
When Im wrong, I say Im wrong, & I read too quickly. The court DID stay the provision barring Trump & his companies from borrowing from financial institutions registered or chartered by NYs Department of Financial Services. Trump now has to post less & can borrow $ more easily.
Quote
Lisa Rubin
@lawofruby
·
3h
NEW: Yes, Trump got his bond in the civil fraud case reduced to $175 million. But guess what? The court denied his motion to stay the provision of the judgment forbidding him from borrowing from financial institutions registered or chartered in NY state. 1/
Link to tweet
Hope22
(1,880 posts)Especially if he is installed as President again. It wasnt the judges money to give. The people of New York will be the losers. Plus it looks like he was being beat up on by the left and the judge fixed it.
Think. Again.
(8,515 posts)...the amount of fraud he committed.
As it should.