scottiejohn Posted February 23 Share Posted February 23 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! 1 Link to comment Share on other sites More sharing options...
Danderman123 Posted February 23 Share Posted February 23 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. 1 Link to comment Share on other sites More sharing options...
Popular Post ballpoint Posted February 23 Popular Post Share Posted February 23 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. 2 1 Link to comment Share on other sites More sharing options...
scottiejohn Posted February 23 Share Posted February 23 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! Link to comment Share on other sites More sharing options...
Yellowtail Posted February 23 Share Posted February 23 A proud day for the left. 1 3 1 Link to comment Share on other sites More sharing options...
Danderman123 Posted February 23 Share Posted February 23 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. 1 Link to comment Share on other sites More sharing options...
G_Money Posted February 23 Share Posted February 23 It’s not over yet! https://www.foxnews.com/opinion/stalinist-370m-judgment-against-trump-vacated-immediately 2 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post heybruce Posted February 23 Popular Post Share Posted February 23 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? 3 1 Link to comment Share on other sites More sharing options...
scottiejohn Posted February 24 Share Posted February 24 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? Link to comment Share on other sites More sharing options...
Popular Post Danderman123 Posted February 24 Popular Post Share Posted February 24 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. 1 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post Roo Island Posted February 24 Popular Post Share Posted February 24 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. 3 1 1 Link to comment Share on other sites More sharing options...
G_Money Posted February 24 Share Posted February 24 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 1 1 1 Link to comment Share on other sites More sharing options...
jerrymahoney Posted February 24 Share Posted February 24 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 Link to comment Share on other sites More sharing options...
Popular Post Roo Island Posted February 24 Popular Post Share Posted February 24 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. 2 1 1 Link to comment Share on other sites More sharing options...
Roo Island Posted February 24 Share Posted February 24 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. 1 Link to comment Share on other sites More sharing options...
jerrymahoney Posted February 24 Share Posted February 24 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. 1 Link to comment Share on other sites More sharing options...
Roo Island Posted February 24 Share Posted February 24 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. 1 Link to comment Share on other sites More sharing options...
Popular Post Yellowtail Posted February 24 Popular Post Share Posted February 24 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. 2 3 1 Link to comment Share on other sites More sharing options...
Popular Post Roo Island Posted February 24 Popular Post Share Posted February 24 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. 3 1 Link to comment Share on other sites More sharing options...
Popular Post heybruce Posted February 24 Popular Post Share Posted February 24 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. 3 2 Link to comment Share on other sites More sharing options...
Popular Post G_Money Posted February 24 Popular Post Share Posted February 24 “Get Trump”. campaign had influence over the amount of the fine. https://www.foxnews.com/video/6347340358112 1 3 2 Link to comment Share on other sites More sharing options...
Popular Post placeholder Posted February 24 Popular Post Share Posted February 24 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 1 1 1 1 3 Link to comment Share on other sites More sharing options...
Yellowtail Posted February 24 Share Posted February 24 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. 3 2 Link to comment Share on other sites More sharing options...
Popular Post placeholder Posted February 24 Popular Post Share Posted February 24 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. 1 1 2 Link to comment Share on other sites More sharing options...
metisdead Posted February 24 Share Posted February 24 Inflammatory posts contravening our Community Standards and the replies have been removed. Link to comment Share on other sites More sharing options...
Yellowtail Posted February 24 Share Posted February 24 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... 1 2 Link to comment Share on other sites More sharing options...
Georgealbert Posted February 24 Share Posted February 24 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 1 1 Link to comment Share on other sites More sharing options...
G_Money Posted February 24 Share Posted February 24 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! 1 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post Danderman123 Posted February 24 Popular Post Share Posted February 24 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? 5 1 Link to comment Share on other sites More sharing options...
Popular Post Danderman123 Posted February 24 Popular Post Share Posted February 24 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? 1 2 Link to comment Share on other sites More sharing options...
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