A New York appeals court on Monday agreed to hold off collection of former President Donald Trump’s $454 million civil fraud judgment — if he puts up $175 million within 10 days.

If he does, it will stop the clock on collection and prevent the state from seizing his assets while he appeals.

Delay. Delay. Delay.

  • qantravon
    link
    fedilink
    English
    408 months ago

    He’s still on the hook for the full amount if his appeal fails, he just no longer has to put it all up to start the appeal.

    • @[email protected]
      link
      fedilink
      English
      358 months ago

      Sure, but if he doesn’t put it up at the beginning, why does anyone think he’ll pay up if he loses? He’ll just keep delaying, as he’s done all along with all of these cases. And if he wins the election, it’ll all go away anyway, which is the “all in” gamble his while life is basically riding on.

        • themeatbridge
          link
          fedilink
          398 months ago

          And in the meantime, he can devalue and divest while building a political warchest. Deny, deflect, delay. He will not face consequences because there is no justice in America.

          • @[email protected]
            link
            fedilink
            English
            208 months ago

            He will not face consequences because there is no justice in America.

            Trump will die outside of any prison or jailhouse, having never been locked up, likely without even an ankle bracelet, of natural causes, while living a 1% lifestyle. Mark my words.

            • @[email protected]
              link
              fedilink
              English
              58 months ago

              Honestly at this point, fuck it I just want the fucker dead. At least cholesterol doesn’t care about politics, go team cholesterol

          • @[email protected]
            link
            fedilink
            38 months ago

            devalue and divest while building a political warchest

            What does that even mean? Don’t be a doomer. Every day he spends in court is less time and money spent on campaigning. Right now he has drained $50 million from Republican election funds to fight this, plus all the time and effort. That’s less time and money spent on supporting downballot Republicans.

            Even if he won every case (which won’t happen) this is a distraction for him. Biden hasn’t even started campaigning, and has a massive amount of funding. Trump will lose and every doomer will say “well of course he lost, he was in court half the time! Biden got lucky!”.

            • themeatbridge
              link
              fedilink
              78 months ago

              Devalue: assets have only theoretical value until they are sold. You can borrow against that theoretical value, but the more you borrow, the less equity you have. Separate from using it as collateral for a loan, the value of an asset can drop for a variety of reasons. Real Estate can fall to disrepair. Stocks can fall due to lowered expectations for the future. If you end up owing more than it’s worth, there’s little incentive not to allow the value to completely evaporate. You can also use the loss to offset capital gains elsewhere, but that’s not particularly relevant here.

              Divest: means to sell off assets, with the indication that the sale is at a loss for quick sale. Rich people often engage in the sale of assets to friends, family, and associates who offer pennies on the dollar in exchange for favors. Hiding assets through divestitures is a common tactic for wealthy people who are about to owe a lot of money.

              Engaging in both can be used to transfer funds from his personal holdings to his political campaign, which in turn is paying off his legal debts and can be returned to his own pockets after the election. So by increasing the warchest, he is more likely to win the election AND can make himself whole after it is over.

              • @[email protected]
                link
                fedilink
                18 months ago

                Those definitions don’t mean anything here. Your explanation of how that would benefit him doesn’t make sense.

                transfer funds from his personal holdings to his political campaign

                That’s not what Trump has ever wanted to do, nor would it help him. Why would selling things and self funding his campaign affect the judgement against him? If anything, he wants to do the opposite.

                If you owe a fine, would you give away your possessions? How would that help? It doesn’t make sense.

        • @[email protected]
          link
          fedilink
          18 months ago

          Well, if he loses, the DA can seize assets. He doesn’t have to voluntarily pay up, lol.

          That’s what I was told about the appeal as well, yet here we are.

    • @[email protected]
      link
      fedilink
      English
      22
      edit-2
      8 months ago

      He’s still on the hook for the full amount if his appeal fails

      You know how long appeals can take right? Considering he can now get someone else to pay the relatively small bond, he’ll be dead from old age before he ever has to pay a dime of his own money.

      • qantravon
        link
        fedilink
        English
        88 months ago

        Believe me, I’m not saying this is a good thing. He’s definitely getting special treatment, and I think that’s wrong. However, it’s not quite as bad as it sounds.