Trump fears he may have to “sell Great Assets, perhaps at Fire Sale prices”

Former President Donald Trump lashed out at the judge who imposed a $450+ million penalty in his New York fraud case after his lawyers admitted he was unable to secure a bond to appeal the case.

Trump’s lawyers on Monday asked a New York appeals court to stay the enforcement of the judgment in his fraud case, saying it has been impossible to secure a bond necessary to appeal the judgment after approaching 30 different underwriters.

The former president lashed out at the judge on Truth Social after the filing.

“Engoron wants me to put up the ridiculous fine (I DID NOTHING WRONG!) before I get a chance to Appeal his crazed ruling - A first!” Trump falsely wrote. New York law requires a defendant to put up the full judgment amount with interest in order to appeal a civil judgment.

    • dhork@lemmy.world
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      8 months ago

      It’s more than just not commiting crimes. These are civil judgements, after all, and technically not criminal matters. But at their heart, we will find lots and lots of lying. Lying about his interaction with Carroll, lying about the values of his properties, all very public lies. Lying to the point where, when his lies are exposed, he keeps lying. His dishonesty has no limits.

      It amazes me that people admire that.

      • Dagwood222@lemm.ee
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        8 months ago

        It’s a Catch -22. He’s rich, therefore he must be smart. The people who vote for him think it’s their fault they haven’t got money. They love him because he acts the way they would if they were rich.

        I like to read old comics. Pretty much every Superman cover from the 1950s shows Supes doing something that looks stupid or evil. “Why Is Superman Throwing Lois Into a Volcano?” And of course there’s always a great reason, because Superman can never be a bad guy.

      • CosmicTurtle@lemmy.world
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        8 months ago

        People don’t admire the fact he’s a liar.

        They admire him because he’s a racist, homophobe, and transphobe.

        They admire him because he says things they wish they could say without getting yelled at by liberals.

        They are okay if he’s a liar, sexist, misogynist asshole so long as he’s also racist, homophobic, and transphobic.

        • Tarquinn2049@lemmy.world
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          8 months ago

          The misogyny and sexism unfortunately are also on the other side of that, for more than half the people who follow him. Since some of the women are also conditioned to see that as a good thing. And most of the men, of course.

        • Olhonestjim@lemmy.world
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          8 months ago

          Don’t forget that he also promised them all their wildest dreams if they only bow down and worship him.

      • tsonfeir@lemm.ee
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        8 months ago

        Did you know that no cats were in any of those films? I think it should be a requirement that every film created has at least one cat in it. Space cats. Meow.

      • Nastybutler@lemmy.world
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        8 months ago

        There is no bail in this case. It’s a monetary judgement that he is appealing and in order to do so, he has to put the money in an escrow account or have a bond company front that money.

        He hasn’t found a bond company stupid enough to do so, and he doesn’t have the cash on hand to do it, so the state will get to seize and sell off his assets until they get to the amount he owes.

        I know this is over simplified, but hopefully clears up OPs confusion about bail and jail being in an equation where they don’t belong.

      • themeatbridge@lemmy.world
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        8 months ago

        This isn’t bail. This is a judgement against him that he is required to pay. What he wants to do is appeal the judgement, but to appeal he has to put up the money first. It’s like in My Cousin Vinny where Vinny refused to kick that guy’s ass until he had the $200, and the guy tried to pretend a roll of singles was the full amount.

        Trump needs to show the government he has the money before he can appeal the ruling. If he can’t, they can begine seizing his assets and selling them until the debt is paid. .

  • ramble81@lemm.ee
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    8 months ago

    But I just saw Bezos’s ex-wife drop $680M to charities like it was nothing. Surely he, as a billionaire, could just drop that money too, right? I mean he only owes 2/3 of that amount, so it’s even less for him.

  • Burn_The_Right@lemmy.world
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    8 months ago

    🤣 What makes him think he’d qualify for a mortgage?!

    This motherfucker has never made a legitimate penny in his life and is world famous for not paying his bills. He shouldn’t qualify for a studio apartment lease, much less a mortgage.

    • Nougat@fedia.io
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      8 months ago

      He’s already got loans out on all the properties. There isn’t any equity left to mortgage against.

      • Dkarma@lemmy.world
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        8 months ago

        This is it exactly. Idk what he’s even bitching about. He has the rnc to pay now didn’t he?

        Trump nft anyone?

        • orclev@lemmy.world
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          8 months ago

          I saw a comment somewhere that claimed the RNC only has like $10 million in funds, wouldn’t even put a dent in what he owes.

          It’s funny how badly he has screwed himself. He’s spent decades overinflating the value of his properties and then taking loans and mortgages out on them and using that to claim he’s a billionaire. Now the courts used his own claims of how rich he is to issue a fine and he’s struggling to pay it because his actual net worth is a tiny fraction of what he has claimed it is. He’s basically created his own personal sub-prime mortgage bubble and it’s teetering on the edge of collapse now.

          • Socsa@sh.itjust.works
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            8 months ago

            The funny part is that he could have just kept getting away with it until his brain finally strokes out, but instead he decided that he would rather destroy US democracy instead of just living out his life as a rich old man.

      • xantoxis@lemmy.world
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        8 months ago

        I almost feel bad for the banks about to record a default on all his properties, since the courts get first dibs on them.

        I don’t, though.

  • N_Crow@leminal.space
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    8 months ago

    If you are broke you shouldn’t commit crimes. Doesn’t he know how capitalism works? You need to be RICH to be immune to the law.

    Maybe he should have stayed a fat billionaire a**hole who puts his name on everything and doesn’t get involved in politics.

    • ProIsh@lemmy.world
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      8 months ago

      Ego is a hell of a drug. Obama destroyed Trump and our supreme court with one joke.

    • Beemo Dinosaurierfuß@feddit.de
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      8 months ago

      Problem is, he never was a fat billionaire asshole.

      He was a fat millionaire asshole pretending to be a billionaire (if even that, considering his debt).

      Which is especially counter to his claims to be a good businessman considering he would have easily become a billionaire if he just invested his heritage in something like S&P 500 instead of playing mogul.

      • Milk_Sheikh@lemm.ee
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        8 months ago

        Seriously. Fred Trump gave him a platinum inheritance of varied real estate, but Donny had to prove he was better than daddy - and blew it on decades of high profile prestige projects and bad investments.

        There are a lot of dumb old money inheritors who are smarter than Trump because they trust their financial advisors.

      • jkrtn@lemmy.ml
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        8 months ago

        Donald is a fuckup who failed to sell steaks to Americans.

        Imagine failing to accumulate money owning a casino. People literally come to give you money. Now imagine failing even with Russians piling dirty cash through the doors. That’s Donald.

  • jordanlund@lemmy.worldM
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    8 months ago

    “Nobody has ever heard of anything like this before.”

    Except when you had to do it twice already for the E. Jean Carroll appeals…

  • FuglyDuck@lemmy.world
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    8 months ago

    “Great Assets” sounds like an in-house walmart brand.

    or maybe k-mart’s in house brand knocking off walmart’s inhouse brand.

  • Greyghoster@aussie.zone
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    8 months ago

    How sad. A supposed billionaire force to mortgage for a piddly $450m. I suppose it will teach him that honesty is the best policy🤭

    • Nfamwap@lemmy.world
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      8 months ago

      I wish I shared your optimism that this narcissistic fuck has even the slightest hint of introspection.

  • jkrtn@lemmy.ml
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    8 months ago

    “Falsely wrote” is close, but the correct verb is probably “lied.”

  • Darkassassin07@lemmy.ca
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    8 months ago

    Good. I hope he gets to watch every square inch of his pathetic ‘empire’ burn before being hauled off to prison.

  • NotAtWork@startrek.website
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    8 months ago

    Is not having $450 million going to hurt his appeal that he wasn’t lying about having billions?

    Where is Alanis Morissette when you need her.