this post was submitted on 21 Mar 2024
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167
Judge orders Trump company to tell financial watchdog about efforts to get appeal bonds (www.cnbc.com)
submitted 3 months ago by vegeta to c/politics
8 comments fedilink hide all child comments
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[–] GrymEdm 56 points 3 months ago (1 children)

"The order came as Trump is trying to avoid paying the $454 million judgment against him in that trial, in part by arguing that it is “impossible” for him to get an appeal bond."

You know what happens to regular people when they can't make court-ordered payments? They lose their stuff. Here's hoping that Donny has so badly abused the privileges of the club he's in that he's getting kicked out and facing judgment like any of the rest of us would. I guess we'll see if any of the other billionaires are willing to bet 500+ million that Trump is still "winning".

[–] Dkarma 6 points 3 months ago (1 children)

He's got to put up the collateral for the bond to appeal that's all that's at stake here. If he gets the bond he gets to appeal.

[–] MedicPigBabySaver 6 points 3 months ago

He doesn't own enough equity in any collateral to cover this bond.

[–] swallowyourmind 54 points 3 months ago* (last edited 3 months ago) (1 children)

HOW WAS THIS NOT ALREADY THE CASE?

Judge Jones was already assigned as a court-mandated financial monitor for the trial and the next three years.

This financial monitor up until today WAS NOT included in communication or documentation, of the company she financially monitors due to their previous history of financial misrepresentations when obtaining financing, as it attempts to obtain financing?!

America is stupid. Honestly.

[–] [email protected] 22 points 3 months ago

This order is to inform the monitor before even attempting to obtain a bond. I'm no expert on the law, but I think the monitor is there to watch and keep a record of the Trump Org's actions, and not to pre-approve actions the Trump Org takes. In that vein, this order would be a departure from typical oversight, requiring a level of notice before even taking an action. Someone please correct me if I'm wrong.

Either way, I think it's great to have eyes on this, and I imagine this is a direct result of Trump's attorneys providing zero (0) evidence they've made any attempt to secure a bond

[–] [email protected] 12 points 3 months ago (1 children)

No more sniffing around for dirty money, Donnie. Now they’re watching you, and you have to prove to the court you can’t cough up the money— which will make the whole sad, sorry begging of yours public record!

Lmao!

[–] ripcord 4 points 3 months ago (1 children)

He's just going to get several billion legally from this stupid Truth social media. And face no damn consequences. Again.

[–] [email protected] 1 points 3 months ago

Not before the state of New York gets a bite