A New York appeals court on Monday agreed to hold off collection of former President Donald Trump’s $454 million civil fraud judgment — if he puts up $175 million within 10 days.

If he does, it will stop the clock on collection and prevent the state from seizing his assets while he appeals.

Delay. Delay. Delay.

  • Buffalox@lemmy.world
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    7 months ago

    Did the judge by any chance suddenly get $20 million richer?
    How is this not corruption? All lawyers I’ve heard, say you need to put down the full amount. Are they ALL wrong?

    • KneeTitts@lemmy.world
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      7 months ago

      How is this not corruption?

      Its naked corruption. Everyone involved should be disbarred and be immediately investigated.

    • Mog_fanatic@lemmy.world
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      7 months ago

      This is NOT corruption and Mr. Trump did NOT BRIBE the judge as you are suggesting. The judge is honorable and just and made the announcement out of his own good graces. He even pushed back a flight on his new private jet for a trip he had planned for the christening of his new yacht JUST TO MAKE THIS ANNOUNCEMENT. You people are all just jealous and desperately looking to find some dirt where there clearly isn’t. SAD!

    • TimLovesTech (AuDHD)(he/him)@badatbeing.social
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      7 months ago

      It’s full amount to stop the state from beginning to seize assets yes, but his appeal can continue either way. I thought I read/heard that the appellate court did not have the power to do anything with judgements though, other than upheld/overturned. Now I have something to research.

      • qantravon@lemmy.world
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        7 months ago

        He’s still on the hook for the full amount if his appeal fails, he just no longer has to put it all up to start the appeal.

        • Lemming421@lemmy.world
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          7 months ago

          Sure, but if he doesn’t put it up at the beginning, why does anyone think he’ll pay up if he loses? He’ll just keep delaying, as he’s done all along with all of these cases. And if he wins the election, it’ll all go away anyway, which is the “all in” gamble his while life is basically riding on.

          • testfactor@lemmy.world
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            7 months ago

            Well, if he loses, the DA can seize assets. He doesn’t have to voluntarily pay up, lol.

            • themeatbridge@lemmy.world
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              7 months ago

              And in the meantime, he can devalue and divest while building a political warchest. Deny, deflect, delay. He will not face consequences because there is no justice in America.

              • octopus_ink@lemmy.ml
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                7 months ago

                He will not face consequences because there is no justice in America.

                Trump will die outside of any prison or jailhouse, having never been locked up, likely without even an ankle bracelet, of natural causes, while living a 1% lifestyle. Mark my words.

                • ArtVandelay@lemmy.world
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                  7 months ago

                  Honestly at this point, fuck it I just want the fucker dead. At least cholesterol doesn’t care about politics, go team cholesterol

              • KevonLooney@lemm.ee
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                7 months ago

                devalue and divest while building a political warchest

                What does that even mean? Don’t be a doomer. Every day he spends in court is less time and money spent on campaigning. Right now he has drained $50 million from Republican election funds to fight this, plus all the time and effort. That’s less time and money spent on supporting downballot Republicans.

                Even if he won every case (which won’t happen) this is a distraction for him. Biden hasn’t even started campaigning, and has a massive amount of funding. Trump will lose and every doomer will say “well of course he lost, he was in court half the time! Biden got lucky!”.

                • themeatbridge@lemmy.world
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                  7 months ago

                  Devalue: assets have only theoretical value until they are sold. You can borrow against that theoretical value, but the more you borrow, the less equity you have. Separate from using it as collateral for a loan, the value of an asset can drop for a variety of reasons. Real Estate can fall to disrepair. Stocks can fall due to lowered expectations for the future. If you end up owing more than it’s worth, there’s little incentive not to allow the value to completely evaporate. You can also use the loss to offset capital gains elsewhere, but that’s not particularly relevant here.

                  Divest: means to sell off assets, with the indication that the sale is at a loss for quick sale. Rich people often engage in the sale of assets to friends, family, and associates who offer pennies on the dollar in exchange for favors. Hiding assets through divestitures is a common tactic for wealthy people who are about to owe a lot of money.

                  Engaging in both can be used to transfer funds from his personal holdings to his political campaign, which in turn is paying off his legal debts and can be returned to his own pockets after the election. So by increasing the warchest, he is more likely to win the election AND can make himself whole after it is over.

                  • KevonLooney@lemm.ee
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                    7 months ago

                    Those definitions don’t mean anything here. Your explanation of how that would benefit him doesn’t make sense.

                    transfer funds from his personal holdings to his political campaign

                    That’s not what Trump has ever wanted to do, nor would it help him. Why would selling things and self funding his campaign affect the judgement against him? If anything, he wants to do the opposite.

                    If you owe a fine, would you give away your possessions? How would that help? It doesn’t make sense.

            • CileTheSane@lemmy.ca
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              7 months ago

              Well, if he loses, the DA can seize assets. He doesn’t have to voluntarily pay up, lol.

              That’s what I was told about the appeal as well, yet here we are.

        • KneeTitts@lemmy.world
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          7 months ago

          He’s still on the hook for the full amount if his appeal fails

          You know how long appeals can take right? Considering he can now get someone else to pay the relatively small bond, he’ll be dead from old age before he ever has to pay a dime of his own money.

          • qantravon@lemmy.world
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            7 months ago

            Believe me, I’m not saying this is a good thing. He’s definitely getting special treatment, and I think that’s wrong. However, it’s not quite as bad as it sounds.

      • Buffalox@lemmy.world
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        7 months ago

        Yes you are right, I didn’t see that at first. That does kind of change things a bit, still a bit weird IMO.

        From the article:

        Monday’s ruling came from a five-judge panel

        So maybe they had to split the 20 million?