New York AG pushes back on Trump's 'extraordinary' request to stay $464M fraud judgment

[Kennah]

Source: ABC News

New York Attorney General Letitia James is pushing back on Donald Trump's "extraordinary" request for a stay of his $464 million civil fraud judgment, arguing the former president's recent request was unreliable, procedurally improper and based on a flawed premise.

"There is nothing unusual about even billion-dollar judgments being fully bonded on appeal," Senior Assistant Solicitor General Dennis Fan said in a filing this morning. "Defendants object to a possible 'fire sale' if they were to sell assets to generate cash to use as collateral for a bond or as a deposit —but the alternative would be to shift the risk of executing on defendants' illiquid assets to OAG."

Earlier this week, Trump's lawyers argued that the former president is unable to secure a bond for the judgment – having been rejected by over 30 insurance companies – due to its size and his need to post properties as collateral.

The AG argued that the former president has failed to demonstrate his effort to secure a bond using properties as collateral, suggesting the issue is a product of Trump's doing because his "holdings are not nearly as valuable as defendants claim."

Read more: https://abcnews.go.com/US/new-york-ag-pushes-back-trumps-extraordinary-request/story?id=108309706

---

In other words:

Tick, tock, motherfucker!

[republianmushroom]

1. Bet he makes the bond just in the neck of time.

The trump attorneys are following the trump script.
Delay, delay and then, Oh, snap, we will do it.

[Kennah]

2. I'm torn

Either this is just another delay game, and they really do have the Riyals

Or

This breaks him and his Empire of New Clothes

[Martin68]

13. No, he's clearly unable to find an entity that will post the bond. Nobody will take his properties as collateral because

he isn't the sole owner and they could very well be in debt.

[republianmushroom]

16. We shall see.

[Farmer-Rick]

3. He's got the collateral

He just doesn't want to pay. He would rather screw someone out of money than pay his bills.

He just needs to start kissing butt, or selling off crap. The Saudis, Putin, China or North Korea would loan him the money.

[FakeNoose]

5. He's got money hidden in offshore accounts too

But that's his "get-away" money and also it's probably his kids' inheritances.
I wonder what it's going to take for him to finally raid the kitty?
Probably not until he needs to keep himself out of prison.

[Martin68]

14. He only has the collateral if he sells properties at a loss.

[markbark]

4. AG James should specify....

That the bond must be in dollars, not rubles or riyals

[3Hotdogs]

6. Fuck me. A renaissance, citizen of the world should be allowed to use

rubles or riyals or whatever currency they are bribed with.

[Diraven]

7. Take his Truth Social stock as collateral

😂

[erronis]

9. Great sarcasm! Truth Social is probably more underwater than any of his "real" properties.

But I've heard there is a chap with a strange name, something like Eloony Musk (as if loons have musk) who loves to dabble in fantasies. And a few people from the middle east with more petro-dollars than they know how to spend.

I doubt trump has tried to reach out to those types!

[Kennah]

12. $2 on deposit, $463,999,998 to go

[DirtySausage]

8. Remember

Traitor Trump testified months ago that he had over 400 billion in cash, which means he committed perjury.

[erronis]

10. Apparently lying under oath is not something that the various justice departments like to pursue.

And, of course, perhaps trump had $400,000,000,000 in his wallet when he testified. Went out and bought a few McBuggers and now just has a bit less.

[Justice matters.]

11. m not b (welcome to DU)

billion would make criminal-defendant hitler2 wannabe richer than his puppeteer putler or his propagandist musketeer...

[moniss]

15. I believe he also may have been

unwilling to fully disclose the holders of the loans etc. on those properties because he may have lied to one or more of them about the existence of the others. Remember that he was getting "help" for arranging loans from a couple of high ranking "bankers" who have now moved on from their positions. We found out about the high level help during previous disclosures about the rotten nature of the "empire".

His web of hundreds of LLC's complicates matters also because, as Cohen has stated, the complex mishmash of payments, rights, liabilities is so deep that only the Orange Ruski and Weaselnuts know how it all goes together. If you issue a bond thinking that XYZ property has a net value of N and then find out that through some bizarre "naming rights" scheme bounced through a dozen LLC's that the value of N is nothing close to what you thought you're in big trouble. So a prudent surety company is going to back away at a million miles an hour. I can imagine a rejection letter from the surety companies could be something like this: "The applicant has a repeated history of lying, misrepresentation and manipulation to avoid financial obligations. The credibility of the applicant is less than zero, the proposed collateral can't be reasonably evaluated for value unless an extraordinary amount of time and money is spent on investigation, the likelihood of the applicant winning the appeal is very low and therefore given all of the foregoing the likelihood is beyond remote that the applicant would retire the bond by paying the judgement in full upon denial of his appeal. Application is therefore denied."