Donald Trump's New York fraud trial wraps up, with millions of dollars on the line

[Jingthing]

Lock up those caps at Truth Social! A storm of "truths" is on the way!

[Walker88]

In case anyone has forgotten, many of the Capitol Police Officers injured by the terrorists on 6 January are suing trump for damages, as they say he fomented the attack by 1) calling his goobers to DC ("It'll be WILD!") and then 2) firing them up with his lies on the Mall and telling them to "march to the Capitol" and "fight like hell". The terrorists own words in their own trials and convictions put the blame on the Bloated One.

 

Ideally the officers win hundreds of millions in punitive damages, but at the very least the trial will cost donny millions in legal costs. Consequences, donny.

 

As Everett Dirksen said---sort of---$5 million here, $83 million there, $364 million today, all those legal costs, and pretty soon it's real money.

[Walker88]

In the hush money trial coming up in March, it will be such fun when the prosecution calls Stormy Daniels to the stand, and she is asked---for affair corroboration purposes---to describe donny's microjunk. Cameras are allowed in the courtroom, and that's going to make great TV, beamed around the world, with flashes to donny's face as Stormy repeats her earlier quote, "Not freakishly small, but well below average".

 

Maybe the prosecution cannot call melania to the stand to corroborate, but #2 ex-wife Marla Maples can be called.

 

trump turned the Presidency into a circus, so it's only fair his entire life becomes a circus.

 

Two things that cut to donny's fragile core: money and his (lack of) manliness.

[jerrymahoney]

What to know about Trump's hush-money trial starting on 25 March
Published1 day ago

 

Will the trial be televised?

 

New York is one of only three jurisdictions in the country that bans nearly all audio visual coverage in trials, although it made a brief exception for audio during the pandemic.

Judges have discretion over letting cameras into their courtrooms, and we did catch brief glimpses of Mr Trump's civil fraud trial on most days.

 

But Justice Merchan has not allowed cameras in his courtroom during preliminary hearings and he appears unlikely to reverse course when the trial begins.

 

That means - despite the intense public interest - only a few members of the public and the press inside the Manhattan courthouse will be able to watch the prosecution of Mr Trump.

 

The rest of us will have to rely on media reports, sketch art and, in all likelihood, Mr Trump's online posts to colour in the scene each day.

 

https://www.bbc.com/news/world-us-canada-68309680

 

 

 

 

[Danderman123]

$355 million.

 

Looks like 2024 is a bad year for Trump.

 

When will the Trump fluffers start to drift away?

[Jingthing]

7 minutes ago, Danderman123 said:

$355 million.

 

Looks like 2024 is a bad year for Trump.

 

When will the Trump fluffers start to drift away?

When he starts an Only Fans.

[jerrymahoney]

50 minutes ago, Danderman123 said:

$355 million.

 

Looks like 2024 is a bad year for Trump.

 

When will the Trump fluffers start to drift away?

I don't know but I hope it's at least by 5 NOV 2024

[sirineou]

Tired of winning yet? 

[Walker88]

The "billionaire" (sic) is already trying to grift off his goobers on this. He's already sending out appeals for money. Grifters gonna grift.

 

Michael Cohen appeared on MSNBC stating trump doesn't have the money and doesn't have the equity in existing NY properties. Should trump try to raise cash by selling, he gets hit with capital gains at the Fed, State and city level, plus all of his stuff is mortgaged, so he has to extinguish the loans, too. That doesn't come close to being enough for some $435 million...so far.

 

Also, trump couldn't even get a surety or bondsman on the $5.3 million (penalty plus interest) in the first Carroll defamation trial, so it's extremely unlikely he can get a bond on this decision and the 2nd Carroll defamation decision, both of which he must post if he appeals.

 

No decision on any existing properties or business can be taken without the approval of the court-appointed monitor. The fact the monitor is a woman should really hit trump hard, and he must go to her to even write a check for the light bill in his 10,990 sf (NOT 33,000 sf) apartment.

 

On pages 41-43 of the ruling, Judge Engoron notes that Michael Cohen, while convicted for perjury*, was truthful in his testimony at the trial. Cohen is also going to be called as a witness in the 25 March Stormy payoff trial. Cohen was smart enough to keep receipts and make tapes of phone calls with trump, so his testimony should be quite damning, as it was in the bank/insurance fraud trial.

 

*Quite interesting is the perjury charge against Cohen. He was charged with stating he only spoke with trump 3 times about the Moscow Tower project. Cohen says trump told Cohen to say "only 3 times", because trump wanted to minimize any talk of Russia. Cohen did trump's bidding, but later said he actually discussed it 10 times with trump, so Cohen was charged with perjury. That is the full extent of his perjury---and it was at trump's request.

[jerrymahoney]

8 minutes ago, sirineou said:

Tired of winning yet? 

No.

 

I don't much care the outcome of any of Trump's legal tribulations as long as he is not again President.

[Skipalongcassidy]

6 minutes ago, sirineou said:

Tired of winning yet? 

It's all the haters have in their little minds... they think that it makes their pathetic lives better... thinking "outside the box" to them is cherrios for breakfast.

[sirineou]

10 minutes ago, jerrymahoney said:

No.

 

I don't much care the outcome of any of Trump's legal tribulations as long as he is not again President.

I was referring to trump's  claim  that if elected "we will be tired if winning" 

well we actually are tired if winning against him.  biggest loser to ever occupy  the Whitehouse, 

[metisdead]

Troll posts of a trolling nature and the replies contravening our Community Standards have been removed.

[jerrymahoney]

4 minutes ago, sirineou said:

I was referring to trump's  claim  that if elected "we will be tired if winning" 

well we actually are tired if winning against him.  biggest loser to ever occupy  the Whitehouse, 

Well you posted that right after me with no other reference. But either way, as I've taken enough hits on here, that is what I think

[sirineou]

1 minute ago, jerrymahoney said:

Well you posted that right after me with no other reference. But either way, as I've taken enough hits on here, that is what I think

You are right 

Not critical of you, just thought I would explain. 

[Walker88]

16 minutes ago, Skipalongcassidy said:

It's all the haters have in their little minds... they think that it makes their pathetic lives better... thinking "outside the box" to them is cherrios for breakfast.

Actually, democracy and rule of law are what's in our box. No need to go outside of that.

 

I rather like democracy. I'm also smart enough to see a self-serving conman when I see one. I find it extremely satisfying that a clown who spent his entire silver-spoon-fed life getting away with criminality is being taken to task for his behavior. Kind of restores my faith in the system.

[jerrymahoney]

1 minute ago, sirineou said:

You are right 

Not critical of you, just thought I would explain. 

OK

[jerrymahoney]

1 minute ago, Walker88 said:

I'm also smart enough to see a self-serving conman when I see one.

I saw him as that as a resident of midtown Manhattan West 57th street in the mid1970's.

[bbko]

Seems his mag-hat followers better start sending their billionaire messiah more of their money. And defending the man that had the most White House associates sent to prison ever, the man with over 30,000 fact checked lies, the man that's been sued over 3000 times, the only US POTUS ever impeached twice, the only POTUS to be implicated with an insurrection. 

[jerrymahoney]

11 minutes ago, bbko said:

Seems his mag-hat followers better start sending their billionaire messiah more of their money. And defending the man that had the most White House associates sent to prison ever, the man with over 30,000 fact checked lies, the man that's been sued over 3000 times, the only US POTUS ever impeached twice, the only POTUS to be implicated with an insurrection. 

Sure but what scares me, even with the above recitation, is that given that the election will be decided likely in 6 or 7 swing states, he could still again be elected President in November.

[Danderman123]

57 minutes ago, Skipalongcassidy said:

It's all the haters have in their little minds... they think that it makes their pathetic lives better... thinking "outside the box" to them is cherrios for breakfast.

Aren't you one of those who posts to own the Libs?

[Danderman123]

So, how does this proceed? Does Trump have to post a bond to appeal? How does the State collect?

[jerrymahoney]

7 minutes ago, Danderman123 said:

So, how does this proceed? Does Trump have to post a bond to appeal? How does the State collect?

Trump Ordered to Pay Over $350 Million and Barred From New York Business
The judge’s ruling in Donald J. Trump’s civil fraud case could cost him all his available cash. It also bars the former president from running a business in the state for three years.

 

https://archive.li/4zvFi#selection-483.0-487.183

 

https://www.nytimes.com/2024/02/16/nyregion/trump-civil-fraud-trial-ruling.html

 

 

[Walker88]

It's actually worse than the headline number.

 

In her press conference, NY AG James noted that the disgorgement for ill=gotten gains is 363.9 million, plus there is interest due from when the proceedings began, which (owing to higher interest rates in the last few years) totals an additional $100 million, bringing the total just from this fraud trial to over $450 million. Toss in the $88.3 million from the E Jean Carroll sexual assault and defamation trials, and it totals over $540 million---ALL of which must be posted if trump appeals, and paid outright if he doesn't appeal. Interest continues to accumulate as the days go by.

 

trump could not get a surety even on the first $5.3 million to Carroll, when he filed an appeal, so no way he gets any bond on $540 million.

 

trump cannot mortgage any existing properties for any equity he might have in those already-mortgaged assets, as part of the ruling is that no NY chartered bank is allowed to do business with him for 3 years. trump has already sold some non-NY assets---according to NYT's reporter Ross Buettner, who has seen 20+ years of trump's tax returns---so even if trump sold some of his NYC assets (requiring the approval of the court-appointed monitor), he has to pay capital gains taxes and repay outstanding loans. trump doesn't own enough to cover the $550 million---and that presumes potential buyers, knowing how desperate trump is---won't low ball him.

 

According to Buettner, trump was almost belly up until getting his game show earlier in this century, which gave him $51 million in taxable income in 2011. Much of that money was needed to cover losses in many of his other businesses, many of which were losing money. As the game show faded in popularity and residuals disappeared, trump filed a return in 2018 noting only $3 million in taxable income (hardly suggesting "billionaire" status.

 

Apparently trump also has an ongoing IRS audit that might cost him another $100 million in payments and penalties (noted in reporting on the msnbc website).

 

In the lengthy decision released on 16 February, the court noted that trump was actually cash negative at many times, which required him to wildly inflate the supposed value of assets in order to meet loan covenants. Again, hardly "billionaire".

 

Another part of the ruling is that the two older sons must disgorge the money they made on the sale of trump's DC hotel. Both guys must hand over $4 million each to NY.

 

With legal fees estimated at already more than $50 million, trump is being hit for around $600 million total. The RNC doesn't have that kind of money in its war chest, and it's unlikely the $5 and $10 contributions trump can grift from individual cult members is going to cover that.

 

Like the network or not, MSNBC online has some of the most in-depth reporting of what is in the ruling and what this means for trump. What I have written here comes from several parts of the msnbc.com website and the court-issued ruling. The entire lengthy court-issued ruling is also available via their website.

[jerrymahoney]

Cue: That's What Friends Are For

 

Would Trump's handling of the 2018 murder of Khashoggi be good for a loan. Mebbe.

[ballpoint]

38 minutes ago, jerrymahoney said:

Cue: That's What Friends Are For

 

Would Trump's handling of the 2018 murder of Khashoggi be good for a loan. Mebbe.

 

Unfortunately, I can see every tin pot dictator in the world lining up to help him out, and doing all they can to recoup their investment in November.  Then the real payback will begin...

[Skipalongcassidy]

2 hours ago, Walker88 said:

  I'm also smart enough to see a self-serving conman when I see one.  

Not really... after all joe the 50 year in DC con man is your hero

[Skipalongcassidy]

2 hours ago, Danderman123 said:

Aren't you one of those who posts to own the Libs?

No... I am the one that says to apply the law equally to all rather than to whoever is the political flavor of the day... if you bothered to read my posts you would know that.

[Chomper Higgot]

I wonder if Melania, who incidentally is seen with her husband much these days, is running the math on can Donny cover her pre-nup?

 

 

[Danderman123]

On 1/12/2024 at 2:10 AM, paul1804 said:

The sad reality is that this entire scenario is a political witch hunt and has been since Trump was elected in 2016. Why are the Bidens & the Clintons not on trial here, they are the real villains and together with the Dems they will destroy the USA left unchecked. Which US states are doing well financially and which are are disaster?  I think the standouts would be California, the disaster state & Florida or Texas the success's!!

You never wrote anything about whether Trump committed asset valuation fraud. Here's a hint for you: Trump told the banks that he was worth billions. But now that he has to pay a fine, he's virtually broke. Which is an admission that he overstated his assets previously.