PBP: P01135809 Trump Espionage, Coup, Conspiracy, Racketeering, Fraud & Obstruction Trial Thread

I want to comment on this.

To understand the full insanity here, according to the reports I saw, there is no provision in NY law for a partial payment, or bargaining of this kind. The law is black and white…you gotta post the money if you want to appeal. It would be like him winning in 2024 and then running again in 2028, it’s that black and white.

If that’s true, first of all, that makes it 110% a PR/political move. It’s an attempt to inject another stupid talking point into the media ecosystem.

Second of all I have to imagine that the Judge and clerks and so forth that have to deal with this frivolity are just getting more pissed off at him.

Thirdly, if in fact the law in NY clearly says this kind of bargaining and partial payment isn’t a thing, shouldn’t his lawyers be subject to sanctions?

 

NY AG has filed their response. Basically comes down to the AG was already aware that Trump did not have enough liquid assets to cover the judgement, but that is no excuse for any delays, nor to accept funds worth less than a quarter of what is necessary. It goes on to say that Trump should raise capital.

News

New York AG asks an appellate court to deny Trump's application to pause enforcement of the judgment pending appeal, including the disgorgement, monitoring, and loan prohibition.

Doc https://t.co/C2UgzyFiR1

Background https://t.co/xyq23bzJ3b pic.twitter.com/pgTzler5Sf

— Adam Klasfeld (@KlasfeldReports) February 28, 2024

 

You can't really close commercial loans of that size that quickly.

 

Honestly, I doubt he has enough in the way of unencumbered assets to raise this type of money. The Trump company isn't really a real estate owning business. It's mostly property management and some branding. Trump hasn't had great access to the type of financing that you need to be a big player commercial real estate since he burned most of his bridges in the 80's and 90's.

Oh, and probably money laundering. Which explains all the golf courses.

 

Well he said Mar a Lago is worth something like 1.7B didn’t he? And one way he got into this mess was tripling the size of his New York apartment. The irony I guess is that he’s in this spot because he lies to banks about his assets to get better loan terms, and now his problem is compounded because his properties aren’t worth what he’s been proclaiming. Kind of a Tim Burton version of there Gift of the Magi.

But again (hat tip @soccernutter ) he just did some stock deal worth billions. Why can’t he just pay the fines from those proceeds?

 

This response was quick. I guess it doesn’t take all that long to check what today’s date is, insert it into the document, sign and hit send.

 

Here is what I don’t understand (or what I may be misunderstanding)

I thought civil trials like this go in two parts.
1)review of facts and evidence to determine who is liable.
2)If the defendant is found liable in part 1)…a review to determine what damages are equitable.

My understanding is part one was a summary judgement. Judge basically said the evidence of liability is so overwhelming we’re going to just go to step 2. Step 2 was the “trial” that we all witnessed.

In step 2…you’re not relitigating step 1. You’re litigating just how much the damages should be. That’s where the defense is trying to show the judge why the damages shouldn’t be too large. This is where your defense attorneys should be saying Trump’s business is worthless. He owes more than his assets are worth. That he can’t pay more than he has.

Did I miss something? Was that not the point of the actual trial we just had? I totally get why Trump wouldn’t go down that path…but wasn’t that the correct forum for discussions like this?


So if half a billion is greater than his net assets…he’s already lost his opportunity to show that to the court…which means he comes out of this with zero.

 

Reminds me of his failures in Atlantic City: Trump Plaza, followed by Trump Taj Mahal. I'm sure he burned some bridges there. Incredibly (or maybe not) he still has a fair bit of support there. Trump Taj Mahal eventually reopened as Hard Rock Hotel & Casino, we happened to be staying there (in early 2020) the night before they closed every hotel/casino in Atlantic City, due to covid. Had a rather bizarre and unnerving trip home.

 

This is the point I’ve been making for a while. And it is my understanding (I’ll be honest I don’t remember how I came to this…whether I read it somewhere or read it into something I read…or it’s just my mere hope)….but it is my understanding that these awards (both carol and the NYS) take precedent over his liabilities to his other creditors…particularly his banks. So his banks only get to bone pick on what’s left after Carrol and the state of NY get theirs. Which, if I’m correct…is ********ing awesome.

 

Imagine a "businessman" so stupid he lost (a lot of) money from owning a casino!

But he's probably counting on Putin's pals and/or Saudis to bail him out of this mess, provided he can't get the MAGA Morons to pay it through his Go Fund Me page...

 

Important information I will need for that day: Is Cristal really worth the price?

 

Trump could have continued his crimming to the present day if he had kept a semi-low profile instead of running and becoming president. He's like the movie mafiosos who buy Cadilacs and furs after robbing the Lufthansa shipment.

 

Cannon just issued a series of rulings regarding Trump access to classified docs through discovery. I know she and Smith met exparte recently. So she either now fully understands the significance of what Trump took and is suddenly doing the right thing…or Smith made clear that it would be appealed and she would be overruled.

I do wonder…had she gone ahead and released those documents to the defense and not granted a stay while the appeals process happened…could she be indicted of disseminating classified information? Is there a “bench”
Clause similar to the speech and debate clause that would protect her from criminal liability? Cause if not…that’s what I would have been threatening her with if I was Smith.

Breaking: Judge Cannon in the Trump classified docs case denies Trump request to access the Special Counsel's CIPA Sec 4 filing where they would have explained why they wanted to redact some of the classified docs -- https://t.co/6UMrRm3WbZ

— Hugo Lowell (@hugolowell) February 28, 2024

 

And I think all the appellate court did was check today’s date…cause that was fast

BREAKING: Trump’s emergency bid to stay the $464 civil judgment has been DENIED by an Appellate judge.

He has to post the full amount + interest before March 25th.

However, he was granted a couple of stays in the Engoron verdict.

- Eric and Don can remain with Trump org during…

— Jack E. Smith ⚖️ (@7Veritas4) February 28, 2024

I love the fact that they’ll allow him to have a NY bank or surety post bond for him…if he can find one. That was nice of them.

 

Generally, recorded mortgage liens have priority over subsequently filed judgment liens.

 

To be fair, a lot of casinos have gone under in Atlantic City. The place is a dump, and no there's no reason to go to it anymore now that there's a number of casinos on Indian reservations and other legal gambling near the cities that used to feed AC.

 

So, am I too believe that Trump lied when he said he had over 400m in cash on hand recently?

That can't be right. He'd never say such bullshit. Right?