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He's gonna talk his way down to where he ends up paying Jack shit and gets away with this shit once again
This is a bond for the appeal. The court could decide to make it $0.00 but he still owes the full amount if he loses the appeal.
And even if he paid the full 454mil to appeal, he still gets it back if he wins.
Well that he gets it back if he wins is part of the grounds for the appeal.
If you force someone to liquidate and then he is found not guilty, the harm this has caused can/will outweigh the potential punishment many times over.
So see that separate from the case and the person, that cannot be right.
Don't get me wrong, I feel no sympathy at all for defendant trump, but in general the punishment should be the punishment.
But as has been established, he shouldn't have had this money in the first place. The fine is based on how much he over inflated the value of his property to get bigger loans. Had he not done so he may well have been bankrupt already.
True, the whole "victimless crime" stick is nonsense. Because if all the real estate world is lied together like this, the general population pays waaayyyy to much for their real estate and rent in addition to missing out on so much tax revenue.
It’s fraud. When money changed hands under false pretenses, harm’s been done. Somebody’s missing money that’s rightfully theirs.
I don’t know anything about this case. Didn’t know there was real estate stuff involved I thought this was the secret documents thing.
But that’s straightforward. Taking money that isn’t rightfully yours is not a victimless crime, in the way that owning pot is a victimless crime.
Agreed. This was the civil fraud trial, where trump and co where found liable of: fraudulently adjusting the evaluation of their holdings based on the audience. So for the IRS the valuation was low and for lenders it was high.
But in the case where banks are the victims I have trouble feeling for them.
But the appeal is what establishes if that is actually the case.
Think of it this way; someone gets the electric chair for a crime, but the appeal proves they were actually innocent. Can't exactly unkill them can you? So you hold off the execution until after the appeals are exhausted (corporal punishment shouldn't exist at all, for the record, I'm just using this as an easy way to illustrate my point).