Judge orders Trump and companies to pay nearly $355 million in civil fraud trial

[scottiejohn]

2 hours ago, ballpoint said:

Currently $87,000 per day until he either posts the bond for the appeal, or pays the fine, according to MSNBC:

If it is really compound interest does that mean it will increase each day/month or year!

[Danderman123]

3 hours ago, jerrymahoney said:

The writer quoted Mark C. Zauderer (is) a New York trial and appellate lawyer, and a senior partner in the New York law firm of Dorf Nelson & Zauderer LLP. He frequently comments on legal issues in the print and television media and lectures on litigation-related issues.

 

https://en.wikipedia.org/wiki/Mark_C._Zauderer

Mr. Zauderer neglected to read the statute (posted here recently) which explicitly states that the victims are not required to serve as plaintiffs. 

[ballpoint]

3 hours ago, scottiejohn said:

If it is really compound interest does that mean it will increase each day/month or year!

 

Nothing I've read indicates that's the case, just that the fine increases by $87,502 per day, which is just over $2.6 million per 30 days.

 

"On the 9 percent interest, Trump is being charged an additional $87,502 per day from February 16, according to Associated Press calculations. That means Trump will have to pay $1,050,024 for the 12 days between February 16 and Wednesday, February 28."

 

Donald Trump Will Owe $1 Million in Interest on Fine Within Days (newsweek.com)

 

If it was compounding then you'd expect the daily amount to already have gone up.

 

 

He can stop the clock, at least until the appeal is over, by posting the full amount as a bond, but if he has to borrow the money he'll be paying interest on that too.

A GoFundMe page opened for him has collected almost $700,000 for the cause.  Not even keeping up with the interest owing, let alone paying off the fine.

 

"Now some of Trump's supporters are donating specifically to help pay his $355 million fraud judgment, via a GoFundMe page created by Elena Cardone, the wife of investor Grant Cardone.

As of Tuesday afternoon, the fundraiser had pocketed nearly $700,000 — and had also sparked backlash on social media. GoFundMe responded to those calls on Monday by saying the fundraiser is "within our terms of service.""

 

How will Trump pay legal penalties in fraud, Carroll cases? : NPR

 

And people here complain about road accident victims raising money on the platform.

[scottiejohn]

32 minutes ago, ballpoint said:

Nothing I've read indicates that's the case, just that the fine increases by $87,502 per day, which is just over $2.6 million per 30 days.

Thanks!

That was my impression but if it really was a daily compound interest, as was implied by an earlier poster. then WOW!

[Yellowtail]

A proud day for the left. 

[Danderman123]

My understanding is that Trump is trying to appeal the bond amount to the Court of Appeals. He wants a reduction because reasons.

 

Well, actually because he can't come up with the cash for the bond.

[G_Money]

It’s not over yet!

 

https://www.foxnews.com/opinion/stalinist-370m-judgment-against-trump-vacated-immediately

[heybruce]

1 minute ago, G_Money said:

It’s not over yet!

 

https://www.foxnews.com/opinion/stalinist-370m-judgment-against-trump-vacated-immediately

A Fox news opinion piece stating that the judgment should be vacated. 

 

Wow! Who didn't see that coming?

[scottiejohn]

7 hours ago, Danderman123 said:

My understanding is that Trump is trying to appeal the bond amount to the Court of Appeals. He wants a reduction because reasons.

 

Well, actually because he can't come up with the cash for the bond.

If he is appealing the amount of the bond/fine does that imply that he accepts that he must pay a fine but is only contesting the amount and not the penalty/fine itself?

[Danderman123]

36 minutes ago, scottiejohn said:

If he is appealing the amount of the bond/fine does that imply that he accepts that he must pay a fine but is only contesting the amount and not the penalty/fine itself?

That's not the intent.

 

He plans to contest the penalty among, but doesn't want to post a bond for the full amount. It's really just an attempt to delay posting the bond.

[Roo Island]

7 hours ago, G_Money said:

It’s not over yet!

 

https://www.foxnews.com/opinion/stalinist-370m-judgment-against-trump-vacated-immediately

Opinion piece by Fox? Ain't worth the paper it's written on.

[G_Money]

It’s getting better! 

 

https://www.foxnews.com/video/6347345029112

 

https://www.foxnews.com/media/trump-judges-gross-unfairness-display-ny-civil-fraud-case-jonathan-turley-says

[jerrymahoney]

2 hours ago, Roo Island said:

Here's another similar civil case. Brought by the state due to corruption and breaking laws. No "victims" brought the case. Great job for catching and convicting these criminals.

 

https://www.nbcnews.com/news/us-news/nra-trial-verdict-rcna138827

 

The case against the NRA was brought on by a lawsuit filed in 2020 by New York Attorney General Letitia James, who accused LaPierre and other current and former executives of flouting state laws and internal policies to enrich themselves.

 

"For years, Wayne LaPierre used charitable dollars to fund his lavish lifestyle, spending millions on luxury travel, expensive clothes, insider contracts, and other perks for himself and his family," James said in a statement. "But today, after years of rampant corruption and self-dealing, Wayne LaPierre and the NRA are finally being held accountable."

 

The executives were accused of misappropriating and mismanaging funds donated to the gun rights group's members. According to James, their actions led to "the loss of more than $64 million in just three years." (my italics)

 

https://www.npr.org/2024/02/23/1232229060/nra-wayne-lapierre-corruption-trial-verdict-new-york

 

And as the NRA is a non-profit corporation the case was not brought under 

 

New York Executive Law § 63(12), sometimes called simply "63 12" or "63(12)", 
is a New York law that gives the Attorney General of New York broad powers to investigate and prosecute cases of alleged civil fraud.

 https://en.wikipedia.org/wiki/New_York_Executive_Law_§_63(12)

 

but primarily under

Not-for-Profit Corporation (NPC) CHAPTER 35, ARTICLE 7

SECTION 720

Actions against directors, officers and key persons

 

(a) An action may be brought against one or more directors, officers,
or key persons of a corporation to procure a judgment for the following
relief:

(1) To compel the defendant to account for his official conduct in the
following cases:

(A) The neglect of, or failure to perform, or other violation of his
duties in the management and disposition of corporate assets committed
to his charge.

(B) ) The acquisition by himself, transfer to others, loss or waste of
corporate assets due to any neglect of, or failure to perform, or other
violation of his duties.

https://www.nysenate.gov/legislation/laws/NPC/720
 

[Roo Island]

43 minutes ago, G_Money said:

It’s getting better! 

 

https://www.foxnews.com/video/6347345029112

 

https://www.foxnews.com/media/trump-judges-gross-unfairness-display-ny-civil-fraud-case-jonathan-turley-says

Jonathan Turley? Definitely not worth reading. Same with most of what you get from Fox.

[Roo Island]

12 minutes ago, jerrymahoney said:

"For years, Wayne LaPierre used charitable dollars to fund his lavish lifestyle, spending millions on luxury travel, expensive clothes, insider contracts, and other perks for himself and his family," James said in a statement. "But today, after years of rampant corruption and self-dealing, Wayne LaPierre and the NRA are finally being held accountable."

 

The executives were accused of misappropriating and mismanaging funds donated to the gun rights group's members. According to James, their actions led to "the loss of more than $64 million in just three years." (my italics)

 

https://www.npr.org/2024/02/23/1232229060/nra-wayne-lapierre-corruption-trial-verdict-new-york

 

And as the NRA is a non-profit corporation the case was not brought under 

 

New York Executive Law § 63(12), sometimes called simply "63 12" or "63(12)", 
is a New York law that gives the Attorney General of New York broad powers to investigate and prosecute cases of alleged civil fraud.

 https://en.wikipedia.org/wiki/New_York_Executive_Law_§_63(12)

 

but primarily under

Not-for-Profit Corporation (NPC) CHAPTER 35, ARTICLE 7

SECTION 720

Actions against directors, officers and key persons

 

(a) An action may be brought against one or more directors, officers,
or key persons of a corporation to procure a judgment for the following
relief:

(1) To compel the defendant to account for his official conduct in the
following cases:

(A) The neglect of, or failure to perform, or other violation of his
duties in the management and disposition of corporate assets committed
to his charge.

(B) ) The acquisition by himself, transfer to others, loss or waste of
corporate assets due to any neglect of, or failure to perform, or other
violation of his duties.

https://www.nysenate.gov/legislation/laws/NPC/720
 

But not brought by victims. Just like this case.

[jerrymahoney]

15 minutes ago, Roo Island said:

But not brought by victims. Just like this case.

SOP. For the 'victims', who are those in Ms. James statements, to bring a case or class action against any big (in this case non-profit) organization is a very expensive proposition: Either big open-end legal fees or an attorney willing to take the case on contingency. So the state does it.

[Roo Island]

6 minutes ago, jerrymahoney said:

SOP. For the 'victims', who are those in Ms. James statements, to bring a case or class action against any big (in this case non-profit) organization is a very expensive proposition: Either big open-end legal fees or an attorney willing to take the case on contingency. So the state does it.

Same as in this case...brought by the government.

[Yellowtail]

5 minutes ago, Roo Island said:

Same as in this case...brought by the government.

Yes, it's exactly the same. The left hates the NRA and the left hates Trump, and because they run the court and the media they got them.

 

 

[Roo Island]

24 minutes ago, Yellowtail said:

Yes, it's exactly the same. The left hates the NRA and the left hates Trump, and because they run the court and the media they got them.

 

 

Wow. You seriously believe that? Turn off your news. Please.

[heybruce]

2 hours ago, G_Money said:

It’s getting better! 

 

https://www.foxnews.com/video/6347345029112

 

https://www.foxnews.com/media/trump-judges-gross-unfairness-display-ny-civil-fraud-case-jonathan-turley-says

Fox opinion pieces aren't getting better, they're predictable, uninformative, and only taken seriously by fools.

[G_Money]

“Get Trump”. campaign had influence over the amount of the fine.

 

https://www.foxnews.com/video/6347340358112

[placeholder]

19 minutes ago, G_Money said:

“Get Trump”. campaign had influence over the amount of the fine.

 

https://www.foxnews.com/video/6347340358112

An opinion piece from Alina Habba? Really?

 

Alina Habba's 5 Worst Horror Show Moments in Court

https://www.newsweek.com/alina-habba-court-trump-civil-trial-ejean-carroll-1861796

[Yellowtail]

2 minutes ago, placeholder said:

An opinion piece from Alina Habba? Really?

 

Alina Habba's 5 Worst Horror Show Moments in Court

https://www.newsweek.com/alina-habba-court-trump-civil-trial-ejean-carroll-1861796

Countered with an opinion piece, that's hilarious. 

 

Every non-leftist (and even the leftists that aren't morons) know this was a political case, only brought because it was Trump, and brought by a prosecutor whose stated goal in life is to get Trump, and now she's bragging about having gotten Trump. 

 

[placeholder]

5 minutes ago, G_Money said:

You’re getting worried that the outcome

might not go as the left wants.  I understand your concern.  Get over it.

 

You survived the first Trump presidency.  You’ll survive the next one.

Another right-wing mind reader. Either that or because you've got nothing substantive to reply with, you make it personal instead.

[metisdead]

Inflammatory posts contravening our Community Standards and the replies have been removed.

[Yellowtail]

28 minutes ago, placeholder said:

Another right-wing mind reader. Either that or because you've got nothing substantive to reply with, you make it personal instead.

What are you adding to the discussion with this post?

 

Calling someone a right-wing mind-reader sounds a bit like a personal attack...

[Georgealbert]

Here is the finalised order.

 

Trump I believe can not get it changed now, he has the choice to pay the bond and appeal, but the interest will mount until that appeal is lodged.

 

https://static01.nyt.com/newsgraphics/documenttools/ef72526861902856/1e996397-full.pdf

[G_Money]

2 hours ago, heybruce said:

Fox opinion pieces aren't getting better, they're predictable, uninformative, and only taken seriously by fools.

Perfect description of the fake liberal news media!

[Danderman123]

4 minutes ago, G_Money said:

Perfect description of the fake liberal news media!

Do you have any examples of false news in leading media outlets?

 

Why do you consider FOX News to be reliable?

[Danderman123]

2 minutes ago, G_Money said:

Surprised you haven’t blamed it on the Greenhouse Gas effect.

Do you believe Alina Habba to be an effective attorney?