# NY AG Letitia James drops the (civil) hammer {On Trump & Family} \[9/21/2022\] **URL:** \ **Category:** Politics & Elections\ **Tags:** trump\ **Created:** [September 21, 2022, 4:13pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991 "2022-09-21T16:13:24Z")\ **Posts on this page:** 20\ **Page:** 108
**Author:** ![wguy123](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/wguy123/32/3161_2.png) [@wguy123](https://boards.straightdope.com/u/wguy123)\ **Post date:** [February 16, 2024, 10:32pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2142 "2024-02-16T22:32:11Z")
Super sarcasm. Here is the text of them: > [@](#): > > A Crooked New York State Judge, working with a totally Corrupt Attorney General who ran on the basis of “I will get Trump,” before knowing anything about me or my company, has just fined me $355 Million based on nothing other than having built a GREAT COMPANY. ELECTION INTERFERENCE. WITCH HUNT (more to follow!). > [@](#): > > The Justice System in New York State, and America as a whole, is under assault by partisan, deluded, biased Judges and Prosecutors. Racist, Corrupt A.G. Tish James has been obsessed with “Getting Trump” for years, and used Crooked New York State Judge Engoron to get an illegal, unAmerican judgment against me, my family, and my tremendous business. I helped New York City during its worst of times, and now, while it is overrun with Violent Biden Migrant Crime, the Radicals are doing all they can to kick me out…… > [@](#): > > Page 2: This “decision” is a Complete and Total SHAM. There were No Victims, No Damages, No Complaints. Only satisfied Banks and Insurance Companies (which made a ton of money), GREAT Financial Statements, that didn’t even include the most valuable Asset - The TRUMP Brand, IRONCLAD Disclaimers (Buyer Beware, and Do your Own Due Diligence), and amazing Properties all over the World. All the other side had was a ridiculous $18 million valuation of magnificent Mar-a-Lago, an unConstitutional Gag Order, a Consumer Fraud Statute never before used for this purpose, No Jury allowed, and a refusal to send this disgusting charade to the Commercial Division, where it would have been put to a deserving end… > [@](#): > > Page 3: This “case” is OVER ever since the Appellate Division ended it on Statute of Limitations, also letting my daughter Ivanka out of this Witch Hunt. The Democrat Club-controlled Judge Engoron has already been reversed four times on this case, a shameful record, and he will be reversed again. We cannot let injustice stand, and will fight Crooked Joe Biden’s weaponized persecution at every step. MAKE AMERICA GREAT AGAIN! ---
**Author:** ![Joey\_P](https://avatars.discourse-cdn.com/v4/letter/j/919ad9/32.png) [@Joey\_P](https://boards.straightdope.com/u/Joey_P)\ **Post date:** [February 16, 2024, 10:34pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2143 "2024-02-16T22:34:16Z")
" that didn’t even include the most valuable Asset - The TRUMP Brand" Wasn’t “The Trump Brand” his reasoning for why the property values were inflated? ---
**Author:** ![Riemann](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/riemann/32/3133_2.png) [@Riemann](https://boards.straightdope.com/u/Riemann)\ **Post date:** [February 16, 2024, 10:35pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2144 "2024-02-16T22:35:20Z")
> [@Northern\_Piper](#): > > I don’t think that’s right. If he’s already used a property as security (eg a mortgage on Trump Tower), then that mortgagee has first call on the asset. Somebody who files a lien after a mortgage is taken out comes after the mortgagee in priorities. > [@Joey\_P](#): > > Which, I assume, will require an independent (or at least hired by the lender) appraisal of said collateral, because no one is going to take his word for how much something is worth. Is Trump willing to let someone start appraising his property and assigning values to it more closely aligned with reality? ISTM, that he’d want to stay as far away as possible from that rabbit hole. Along with misstating the value of his assets, of course one of his tricks was to fail to disclose that an asset was already pledged as collateral for some other loan. And all the banks know that. Unless he has a politically-motivated sympathizer with _very_ deep pockets, any bank that looks at this situation on a purely commercial basis is sure as hell going to do thorough due diligence on any collateral he offers. ---
**Author:** ![Northern\_Piper](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/northern_piper/32/5304_2.png) [@Northern\_Piper](https://boards.straightdope.com/u/Northern_Piper)\ **Post date:** [February 16, 2024, 10:38pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2145 "2024-02-16T22:38:48Z")
> [@Riemann](#): > > Along with misstating the value of his assets, of course one of his tricks was to fail to disclose that an asset was already pledged as collateral for some other loan. How is that possible? How can an undisclosed security take priority? Oh wait, I’m thinking like someone under a Torrens title system. 😉 ---
**Author:** ![DesertDog](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/desertdog/32/11503_2.png) [@DesertDog](https://boards.straightdope.com/u/DesertDog)\ **Post date:** [February 16, 2024, 10:46pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2146 "2024-02-16T22:46:41Z")
Where did the three years forbidden being a company leader in any business of New York come from? Why not ten years or even life? ---
**Author:** ![MikeF](https://avatars.discourse-cdn.com/v4/letter/m/45deac/32.png) [@MikeF](https://boards.straightdope.com/u/MikeF)\ **Post date:** [February 16, 2024, 10:48pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2147 "2024-02-16T22:48:59Z")
Perhaps Engoron is just staying within norms for this sort of thing? ---
**Author:** ![Tride](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/tride/32/13907_2.png) [@Tride](https://boards.straightdope.com/u/Tride)\ **Post date:** [February 16, 2024, 10:49pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2148 "2024-02-16T22:49:53Z")
I don’t think that’s right. If he’s already used a property as security (eg a mortgage on Trump Tower), then that mortgagee has first call on the asset. Somebody who files a lien after a mortgage is taken out comes after the mortgagee in priorities. (Quote didn’t format–that’s NP!). That’s a lien–that’s what I meant. You don’t get your hooks in quickly, you lose. You’re already secondary to the loan holders. ---
**Author:** ![Riemann](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/riemann/32/3133_2.png) [@Riemann](https://boards.straightdope.com/u/Riemann)\ **Post date:** [February 16, 2024, 10:50pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2149 "2024-02-16T22:50:30Z")
> [@wguy123](#): > > > Violent Biden Migrant Crime This is a poetic turn of phrase, but should I be scared of violent crime committed by Biden’s migrants? Or shocked that the violent Biden is committing the crime of admitting migrants? ---
**Author:** ![Shoeless](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/shoeless/32/7099_2.png) [@Shoeless](https://boards.straightdope.com/u/Shoeless)\ **Post date:** [February 16, 2024, 10:59pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2150 "2024-02-16T22:59:04Z")
> [@DesertDog](#): > > Where did the three years forbidden being a company leader in any business of New York come from? Why not ten years or even life? WAG - Because it was a civil trial not a criminal trial? ETA: never mind I thought you meant ten years to life in jail. ---
**Author:** ![Johnny\_L.A](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnny_l.a/32/1084_2.png) [@Johnny\_L.A](https://boards.straightdope.com/u/Johnny_L.A)\ **Post date:** [February 16, 2024, 11:00pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2151 "2024-02-16T23:00:30Z")
> [@Riemann](#): > > any bank that looks at this situation on a purely commercial basis is sure as hell going to do thorough due diligence on any collateral he offers. What was that thing Trump kept pointing to? ‘It says right in the contract that you can’t trust the values I stated. You should have done your due diligence!’ Hm… I wonder if those protestations will come back to bite him? ---
**Author:** ![MikeF](https://avatars.discourse-cdn.com/v4/letter/m/45deac/32.png) [@MikeF](https://boards.straightdope.com/u/MikeF)\ **Post date:** [February 16, 2024, 11:01pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2152 "2024-02-16T23:01:22Z")
Unless my math is wrong, 9% interest on the total amounts to almost $90,000 per day, seven days a week. It appears to me that some of the awards have retroactive interest, too. Poor Donnie. I feel so bad for him. ---
**Author:** ![Johnny\_L.A](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnny_l.a/32/1084_2.png) [@Johnny\_L.A](https://boards.straightdope.com/u/Johnny_L.A)\ **Post date:** [February 16, 2024, 11:04pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2153 "2024-02-16T23:04:19Z")
> [@MikeF](#): > > I feel so bad for him. I don’t. ---
**Author:** ![rocking\_chair](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/rocking_chair/32/2918_2.png) [@rocking\_chair](https://boards.straightdope.com/u/rocking_chair)\ **Post date:** [February 16, 2024, 11:10pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2154 "2024-02-16T23:10:13Z")
Ms James gave a factual statement. Mr trump, not so much. ---
**Author:** ![scudsucker](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/scudsucker/32/14101_2.png) [@scudsucker](https://boards.straightdope.com/u/scudsucker)\ **Post date:** [February 16, 2024, 11:17pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2155 "2024-02-16T23:17:59Z")
> [@wguy123](#): > > He’s got some super calm and rational Truths out now! Looks like he is taking the news well. This gave me a genuine giggle. Not quite a LOL, more of a snigger. Thanks. ---
**Author:** ![Euphonious\_Polemic](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/euphonious_polemic/32/3002_2.png) [@Euphonious\_Polemic](https://boards.straightdope.com/u/Euphonious_Polemic)\ **Post date:** [February 16, 2024, 11:24pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2156 "2024-02-16T23:24:21Z")
> [@Riemann](#): > > I mean, people are going to look long and hard at the valuation and existing obligations on collateral he offers, but by all accounts he does have substantial assets. Yes, and they are also going to look long and hard at Trump’s past history of refusing to pay his debts. Let’s say the appeal is lost, and Trump whines that it’s all unfair, so he’s not going to pay anything. Then the bond company has to come after him for the $$, and according to Trump’s playbook, he’ll delay and delay and delay. When a bond company looks at the past history of this client and the amount at risk, I don’t think many will touch him with a 10 foot pole. ---
**Author:** ![Riemann](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/riemann/32/3133_2.png) [@Riemann](https://boards.straightdope.com/u/Riemann)\ **Post date:** [February 16, 2024, 11:34pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2157 "2024-02-16T23:34:50Z")
Again, this isn’t going to work like a bail bond where someone will give him $400 million dollars on a pinky swear that he’ll pay it back, with the backstop being Dog The Bounty Hunter going after him. Unless he has a politically motivated benefactor, he will need to put up collateral worth $400mm that guarantees repayment. If he doesn’t have unencumbered assets worth $400mm, he’s got a serious problem. ---
**Author:** ![Pleonast](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/pleonast/32/1183_2.png) [@Pleonast](https://boards.straightdope.com/u/Pleonast)\ **Post date:** [February 16, 2024, 11:35pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2158 "2024-02-16T23:35:34Z")
> [@Riemann](#): > > Trump essentially has to take out a loan for $400mm on whatever commercial terms he can negotiate, secured against whatever assets he can provide as collateral. Nobody is just going to give him $400mm unsecured. But nobody _can_ loan him $400M, due to the judgement, unless it is stayed pending appeal. Right? Edit: it’s almost a Catch-22: you need a loan to appeal the verdict. But you can’t get a loan until the verdict is appealed… /fake-sad-face ---
**Author:** ![Love\_Rhombus](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/love_rhombus/32/10694_2.png) [@Love\_Rhombus](https://boards.straightdope.com/u/Love_Rhombus)\ **Post date:** [February 16, 2024, 11:37pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2159 "2024-02-16T23:37:15Z")
> [@wguy123](#): > > ELECTION INTERFERENCE. WITCH HUNT ELECTION HUNT! WITCH INTERFERENCE! What’s all this about Engeron being reversed? ---
**Author:** ![Smapti](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/smapti/32/17938_2.png) [@Smapti](https://boards.straightdope.com/u/Smapti)\ **Post date:** [February 16, 2024, 11:37pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2160 "2024-02-16T23:37:45Z")
> ---
**Author:** ![Riemann](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/riemann/32/3133_2.png) [@Riemann](https://boards.straightdope.com/u/Riemann)\ **Post date:** [February 16, 2024, 11:38pm UTC](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991/2161 "2024-02-16T23:38:00Z")
> [@Pleonast](#): > > But nobody _can_ loan him $400M, due to the judgement Yeah, I noted this catch upthread. Surely the part of the judgment that bars him from conducting business will not prevent him selling or mortgaging NY assets for the purpose of _satisfying_ the judgment. [Previous page](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991.md?page=107) [Next page](https://boards.straightdope.com/t/ny-ag-letitia-james-drops-the-civil-hammer-on-trump-family-9-21-2022/971991.md?page=109)