China Posted February 28 Share Posted February 28 White powder spills from envelope sent to Trump fraud judge: report A suspicious envelope containing white powder addressed to New York Judge Arthur Engoron was intercepted at a Manhattan courthouse Wednesday, according to a report. The powder spilled out of an envelope on Wednesday morning addressed to the judge who imposed a $454 million fraud penalty against Donald Trump, reported Law360's Frank G. Runyeon. “Officers responded to a 911 call for a suspicious powder found at 60 Centre Street," police said. "A New York state court officer opened an envelope and white powder fell out. No injuries reported at this time and the building is not being evacuated." Two individuals exposed to the potentially dangerous substance were isolated while the incident is investigated, but the judge was not exposed. Click on the link for the full article 2 Link to comment Share on other sites More sharing options...
China Posted March 1 Share Posted March 1 Trump Warns of Big Losses From Asset Sales During Property Slump The former president said in a court filing Wednesday he may soon need “to raise capital under exigent circumstances” to push ahead with an appeal of New York state’s $454 million civil fraud verdict against him. A brutal market for many commercial property owners means he faces significant losses in his real estate empire if he unloads assets. The billionaire has few options. He must pay the full judgment by March 25 or arrange a bond for at least 110% of the amount in order to put the fine on hold while he appeals. To get an appeal bond, Trump will need to hand over cash, sell properties or use them as collateral, tying up most if not all of his liquid assets for months or longer. Unless Trump can convince the appeals court to put the verdict on hold during his entire appeal, he could find himself in a financial squeeze. If he’s forced to sell, “there would be no way to recover any property sold following a successful appeal and no means to recover the resulting financial losses,” Trump attorney Alina Habba said in the filing. Meanwhile, New York Attorney General Letitia James has made clear that she’s prepared to seize Trump’s assets if he doesn’t pay the verdict or post an appeals bond on time. Making matters worse is a brutal market for many commercial real estate owners. Property values plunged as borrowing costs rose, and the remote work trend that started during the pandemic continues to cut into demand for office space. Prices slumped 22% in the year through January, according to real estate analytics firm Green Street. Click on the link for the full article 3 Link to comment Share on other sites More sharing options...
tshile Posted March 1 Share Posted March 1 11 minutes ago, China said: If he’s forced to sell, “there would be no way to recover any property sold following a successful appeal and no means to recover the resulting financial losses,” Trump attorney Alina Habba said in the filing Then maybe don’t commit fraud ? 2 1 1 Link to comment Share on other sites More sharing options...
Ball Security Posted March 1 Share Posted March 1 1 hour ago, tshile said: Then maybe don’t commit fraud ? Or don’t be so cash poor. Link to comment Share on other sites More sharing options...
LadySkinsFan Posted March 1 Share Posted March 1 But his "brand"! Link to comment Share on other sites More sharing options...
EmirOfShmo Posted March 1 Share Posted March 1 Gonna be a fire sale at some NYC properties soon... Trump’s Appeal Could Be Short-Lived for a Simple Reason Donald Trump is working hard to get an appeal of the $464 million judgment levied against him for committing bank fraud. But if he does fork over the cash and get that appeal, he may find that it doesn’t take the higher courts long to swat it down. That’s because the 92-page opinion issued by New York Supreme Court Justice Arthur F. Engoron was tailor-made to withstand appeal—and give the state’s First Judicial Department a roadmap to uphold the decision. “The reason why this opinion is so long and so specific is to emphasize to the appellate court how much care the judge took in issuing this decision,” said Jennifer B. Arlin, an expert on appeals who teaches legal writing at Brooklyn Law School. A review of the judgment demonstrates that it was structured in an unusual format, one that dedicates a disproportionate amount of space to analyzing the facts presented during the 11-week trial—and provides a simple guide for an appellate court to quickly examine it, understand the judge’s reasoning process, and come to a swift decision. “It's so well laid out that it says, ‘Go ahead—challenge me,’” said Diane Peress, a former prosecutor who now teaches at John Jay College of Criminal Justice. https://www.thedailybeast.com/trumps-appeal-could-be-short-lived-for-a-simple-reason 1 1 Link to comment Share on other sites More sharing options...
Cooked Crack Posted March 4 Share Posted March 4 Link to comment Share on other sites More sharing options...
LadySkinsFan Posted March 4 Share Posted March 4 He gets more jail time. Poor liar! 2 Link to comment Share on other sites More sharing options...
China Posted March 6 Share Posted March 6 Trump’s best option to get $540 million for legal judgments could be ‘clean’ property with private lenders Donald Trump is racing to stave off a pair of civil penalties totaling nearly $540 million, without having to first put up the full amounts in cash or bonds. The former president’s lawyers claim that he would face “irreparable” harm if required to fully secure his judgments in order to keep them from coming due, and might even have to quickly sell off properties that can’t be rebought. They also say Trump can’t simply post a cash deposit — at least not in his New York civil business fraud case, where he is facing $454 million in fines and interest alone. “No one, including Jeff Bezos, Elon Musk and Donald Trump, has five hundred million laying around,” Trump’s attorney Chris Kise told an appeals court judge last week. But legal experts say there’s another option that Trump’s lawyers haven’t mentioned in the court filings: Trump could offer up some of his properties as collateral to borrow what he needs — potentially from private equity sources. There are “lots of private lenders out there in the debt markets and private equity markets that could lend” to Trump, said Columbia University law professor Eric Talley. “In all cases, the loans would probably have to be secured with Trump properties, but if there is enough equity in some of them, he should be able to obtain secured credit, even on a compressed timeline,” Talley said. Click on the link for the full article I'm still holding out hope he fails to pay a bond, and the NY AG immediately starts seizing assets. 1 1 Link to comment Share on other sites More sharing options...
LadySkinsFan Posted March 6 Share Posted March 6 He probably has very little equity in his properties, they're most likely leveraged up to 80-90% of his inflated calculations. Meaning there's no equity there. That's why he's going nuts! 1 1 1 Link to comment Share on other sites More sharing options...
Larry Posted March 6 Share Posted March 6 42 minutes ago, China said: There are “lots of private lenders out there in the debt markets and private equity markets that could lend” to Trump, said Columbia University law professor Eric Talley. “In all cases, the loans would probably have to be secured with Trump properties, but if there is enough equity in some of them, he should be able to obtain secured credit, even on a compressed timeline,” Talley said. If only he hadn't just been convicted of falsifying his business records to falsely inflate the value of his properties, so he could get low interest rate loans. 1 3 Link to comment Share on other sites More sharing options...
Cooked Crack Posted March 18 Share Posted March 18 5 1 Link to comment Share on other sites More sharing options...
The Evil Genius Posted March 18 Share Posted March 18 3 Link to comment Share on other sites More sharing options...
@DCGoldPants Posted March 18 Share Posted March 18 On 3/5/2024 at 9:46 PM, Larry said: If only he hadn't just been convicted of falsifying his business records to falsely inflate the value of his properties, so he could get low interest rate loans. https://www.cnn.com/2024/03/18/politics/trump-464-million-dollar-bond/index.html Quote Potential underwriters are seeking cash to back the bond, not properties, according to Trump’s lawyers. So close to admitting his properties aren't what he claims their value is. 3 Link to comment Share on other sites More sharing options...
TheDoyler23 Posted March 18 Share Posted March 18 The supposed multi-billionaire can't come up with 48 million dollars? Link to comment Share on other sites More sharing options...
Fergasun Posted March 18 Share Posted March 18 Don't do the crime if you can't pay the fine! 1 Link to comment Share on other sites More sharing options...
LadySkinsFan Posted March 18 Share Posted March 18 58 minutes ago, @DCGoldPants said: https://www.cnn.com/2024/03/18/politics/trump-464-million-dollar-bond/index.html So close to admitting his properties aren't what he claims their value is. Not to mention that his properties are leveraged to the hilt. I hope that the court will deny his request for a stay. So the state of NY will start taking properties to sell to recover the judgment. What happens to all of those deeds of trust that Trump owes? Is he still on the hook to pay them? 1 Link to comment Share on other sites More sharing options...
Fergasun Posted March 18 Share Posted March 18 But comon. We all know in a week he'll magically have "someone" backing the bond. He's gotten so far with fraud and Russian loans.... Link to comment Share on other sites More sharing options...
TheGreatBuzz Posted March 18 Share Posted March 18 I'm still pushing this idea. 2 Link to comment Share on other sites More sharing options...
EmirOfShmo Posted March 18 Share Posted March 18 1 1 Link to comment Share on other sites More sharing options...
Larry Posted March 18 Share Posted March 18 (edited) Also wondering if maybe he's having trouble finding (let's call it "a loan from a Russian bank") because Russia doesn't think he'll get elected? I mean, I bet Russia could put up the cash. If they thought they would own a POTUS. Hell, Vladimir would probably put it up, if he thinks Trump will cut off Ukraine. He's probably losing that much every month, to the Ukes. Or maybe Vlad just figures he owns enough GOP in Congress that he doesn't need Trump. Edited March 18 by Larry 2 Link to comment Share on other sites More sharing options...
Busch1724 Posted March 18 Share Posted March 18 I hope they seize Turnberry first. It's a great golf course and should be on the Open Championship rota. Yet another great thing Trump took from us. Link to comment Share on other sites More sharing options...
EmirOfShmo Posted March 18 Share Posted March 18 I'm wondering Beavis & Butthead will post their cash for an appeal. I'm assuming they're separate as they were fined separately in the case. Link to comment Share on other sites More sharing options...
China Posted March 18 Share Posted March 18 Link to comment Share on other sites More sharing options...
The Evil Genius Posted March 18 Share Posted March 18 6 Link to comment Share on other sites More sharing options...
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