NY AG Letitia James drops the (civil) hammer {On Trump & Family} [9/21/2022]

And for Trump to be forced to sit thru the entire ruling instead of stomping out of the court room to the media circus cameras.

You mean that being on the hook for half a billion to New York State, and ~90 million to Carroll, isn’t a repercussion?

Not while there’s a nonzero chance he slithers out from under the obligation without paying a cent.

Yes, but The People want to see something tangible actually happen.

I think you are exactly right but this is the same shell game the the NYAG will be playing with Trump if they try to seize his assets. Mr. Trump doesn’t own any real estate in his name. He owns some interests in pass through entities that own some interests in more pass through entities that somwhere down the line own some interests in some properties. The people who keep the records on who owns what parts of those entities all work for the Trump Organization. I would not be surprised if there is a lot of back-dating of records of ownership going on so that by the time Ms. James is actively pursuing collections, we learn that Mr. Trump, according to his fine records, owned essentially nothing of value whatsoever.

Trump has had an independent monitor over his assets, retired judge Barbara Jones, since December 2022. He hasn’t been able to play games with ownership since then.

That’s a good point, and with everything that’s going on, I think it is too often overlooked. The time of Trump playing games with his assets is long past, and the monitor will stop him if he tries.

Notwithstanding the monitor, this happened:

Mind you, he didn’t get away with this, perhaps because of the monitor. But preventing these kinds of shenanigans requires a level of vigilance that may be hard to maintain and some things may have already escaped the monitor’s attention. We simply don’t know and may never know.

I was aware of this attempt.

So… it didn’t happen, as you point out.

I never said Trump wouldn’t try. I said there is a monitor because everyone knows Trump will try.

And of course there’s no proving a negative, as you also point out.

I do think that Judge Engoron’s anticipation of this potential caused him to ameliorate it to the greatest extent possible. Can’t do better than that.

Wouldn’t that be illegal? Sounds like fraud to me.

Are you seriously implying that our esteemed former president committed fraud? Witchhunt!

My favourite expression of Hanlon’s Razor, which has many variants, turns out to be so often true that I’ll just throw out another variant that may apply here:

“Never attribute to arrogance that which is adequately explained by simple stupidity.”

Oh, sure, there’s tons of arrogance. But stupidity is the elephant in the room.

I should have been clearer. I think it’s both. It’s a couple of dummies giggling over their clever, clever maneuver.

Doubly interesting, on the great save of Truth social network, is this article which states that there will be 40 Million more shares issued if the share price stays above $17.50 for 20 of 30 days after the issue. Donnie has 80 Million, so in effect the share price will dilute by about a third sometime next week. I am not sure who gets these shares though, maybe this is Donnies “out”, But whoever invested in this company are clearly fools and being treated as such.

No kidding. What kind of a plan is that? “If our stock price is dropping like a sinking turd, we promise to issue even more shares to crash the price more.”

Actual companies that are going concerns will talk about stock buy backs.

This is such an obvious pump n dump grift.

“Get your Official Trump Shares now, at their lowest price ever!*”

*up to now. Tomorrow, however, is another story…

How many of these do they cost?

I think today is the day (April 15) when Trump and/or Knight have to provide evidence that the bond is legitimate. I have not seen reported anywhere that they have done so. Nor have I seen any reporting that Trump’s lawyers have filed an appeal to get more time.

Of course, Trump sitting in criminal court today has sucked much of the oxygen out of this story of the finding of fraud and the craptastic 175 million dollar “bond” by a company that is not qualified to do bonding business, and wrote that Trump himself will pay the money (rather than the bonding company).
So it’s possible that something has been filed - maybe we’ll find out later.

One. More. Week.

It’s an eternity :wink:

From your first link:

The Republican presidential candidate narrowly averted possible asset seizures when an appeals court on March 25 agreed to pause the judgment if he posted a $175 million bond within 10 days, which he did on April 1.

But the question is - did he actually post the 175 million bond on April 1? Today’s deadline was for Trump and/or Knight to clarify the terms of the bond.

On April 4, the James filed a Notice Of Exception To Surety. At that time she noted that the company, Knight, had no certificate of qualification. Essentially, I gather this notice said “no, we do not accept that this bond fulfills it’s obligation under the law”. Trump’s lawyers had until close of business today to respond with clarification, or ask for more time.

ETA: The April 15 date comes from some other sources I read - it seems to disagree with the April 22 date that other sources say… So I guess we wait to see…