Trump can’t secure $454 million appeal bond in New York fraud case, his lawyers say

The speculative gains market isn't illegal activity. Now I know why we always are in recessions when Democrats are in office. The Left is financially clueless.

https://www.investopedia.com/terms/s/speculation.asp


In this case, according to this judge, the 100,000 loan became a 350 million dollar investment. To call that a success would be an understatement. I bet you Deutsche Bank was SWIMMING in capitol. Well now banks are gonna look at NY like "Nah, I don't want to do speculative ventures in the State" because it can all disappear like that.

That's why the NY Governor had to publicly respond the way she did. Because I'm confident other investors(or grifters as you would call them) were like "Nah, there's 49 other States. Alot of whom have less taxation."

NY is only a business center because of Wall Street. You lose wall street, and NY just becomes a strip on the Atlantic Coast. And the actual Atlantic Coast already cornered the casino market lol.

 

LOL!!

I don't believe you made any point here.

 

Of course banks won't lend Trump anything.

If he loses, Trump can't pay them back.

If he wins, Trump will use dictatorial powers to declare he doesn't have to pay anyone back. And every Trump cultist would go along with it. I imagine stories of "globalists" would be involved.

It's a lose-lose situation for banks, so they only way they win is not to play with Trump.

 

Trump could present a giant target for foreign persuasion, though.

 

From your own link.

Say I am charged with assault and I plead guilty to it. I am fined $1000.00 and ordered to pay my victim $230.00 restitution to fix his tooth I knocked out when I assaulted him. The penalty is $1000.00, the rest is partial compensation to the victim, called restitution.

*Disgorgement is like restitution, and is not part of the penalty.

 

What “novel approach” are you referring to ?

This is the law as it’s written….

 

Here’s a ‘win’ for him…

 

You've never heard of The prominent American politician Maxine Waters.

Hopefully your grasp is better than American politics

 

Yes I said that. Do you have a problem with it ?

That's actually one of the nicest things I could think to say about Hillary Clinton

 

.

https://www.investopedia.com/terms/s/speculation.asp

What are you talking about?

Of course, different people can hold interests in commercial real estate.

But Trump nation thinks he owns all of them outright, a supposition that Trump routinely reinforced in public.

The question is whether the part interests , condos, and ground leases are owned outright, or leveraged to their eyeballs (which would be the Trump pattern).

 

It's kind of sexist, and MAGA seems obsessed with Clinton, who has not been relevant in like 7 years.

 

Indeed.
Everyone knows trump is a bad bet except for maga.
Now he’s an even bigger security risk as he is desperate for money.

https://www.ft.com/content/aa383026-ac12-4d39-b6ee-075c2a248fc9

 

So if you damage state property, and the state sues you for the cost of repairs, you think that’s a penalty?

Dude, you’re all over the place with your arguments. They are irrelevant. Unless he raises those arguments on appeal and wins, they are just irrelevant.

 

What? What judge? The link you posted made no reference to any judge.

Your assertion makes me wonder if you’re one of the few remaining people who still believe Trump’s “Borrowed a million, made a billion” lie.

Deustche Bank wanted to establish a US presence. One of the reasons was because it was one of the few non Russian owned banks that would trade in Russian money laundering. A number of US hedge funds and private equity firms dabble in moving Russians money around. Including many people close to the Trump campaign (Robert Mercer easily comes to mind).

The Russians wanted Deustche Bank to lend Trump money.

There was never a Trump deal on which $100,000 turned into 350 million. That kind of thing was a myth Trump promoted to fool the crowd that thought Trump was a big man because of his chest beating on his reality show. (Name a real billionaire who does game shows or reality TV). One of the many ironies of Trump’s history is that he boasts about having and upscale brand, but the message is always aimed at a very lowbrow audience.

Your last sentence is a pure expression of Midwest parochialism.

 

FYI, Trump is receiving income from the Scotland golf course, he must disclose that on his taxes. That asset is liable for confiscation.

 

The case against Trump is to protect Wall Street. To show that NY is not a lawless environment where people can lie and commit fraud with impunity.

 

I don’t think they will be “disappointed”.

They know full well that Trump isn’t worth nearly as much as the inflated (and often imagined) valuations on his holding are all BS.

That was the whole point of the prosecution.

They already know that Trump isn’t worth the billions he always claimed he was. He made most of it up, and compliant banks (all of which delt in Russian money laundering, or were Russian controlled) gave him cash based on these inflated valuations.

Everyone in New York banking and real estate has know that for years. Long before 2016.

 

Financial market ARE correctable by the legal system. Litigation over securities issues is common.

As for the magic of the markets correcting via free enterprise; the Trump fiction would have continued until Trump dies, or when his sons and daughter tried to sieze the business from him (that runs in the family, Trump did it to Fred).

But I’m sure that Jared and Ivanka know full well that the Trump Orgainizations was always a house of card, living off the proceeds of the latest loan they could get.

That’s one of the reasons Jared isn’t bailing his father in law out.

 

Nobody believes that bs. Even you don't believe that bs. And I can promise you the big businesses and investors with hundreds of millions and billions of dollars at risk don't believe that bs lol

 

Yes....What do you THINK a penalty is? It's annoying me, because this should be simple English but we're still on this.

So moar links, and more evidence upcoming:


https://www.law.cornell.edu/wex/penalty
https://thelawdictionary.org/penalty/
https://www.merriam-webster.com/dictionary/penalty

Kapeach? Any loss sanctioned by the State is a penalty. Always has been, always will be. And to say it for the 1,000th time: It doesn't matter what you classify the penalty, it's still a penalty. Whether felony or misdemeanor, it's still a punishment for the offense.

I hope this FINALLY drills it in your head that the argument that it isn't a penalty, doesn't exist. All sanctions are penalties in our system. It doesn't matter who receives the damages, it doesn't matter who pays the damages. It's a sanction.

So I haven't been 'all over the place'. Those of you here didn't want to accept the 6th/8th amendment issues(which Trump's OWN team should've picked up on), so you wanted to make a novel argument(an argument that might I add was also rejected when the SCOTUS clarified the 14th as....a penalty.)

All punitive acts on behalf of the State or a victim is a penalty. Every. Single. One Of Them.

 

That's patently absurd. The only way to make that assertion is to use tax value and not market value. Which NOBODY in the real estate industry does. Except apparently NY now lol

But given they're not going to do that to anyone else, he's got a great case for selective prosecution

 

“I would argue the most valuable real-estate Trump has at this point is his Scotland golf courses, but good luck as that's foreign real estate. You could liquidate his entire US holdings, but because of the damage to the Trump brand, the financial damage to them is irrepairable.”

You mean this one?

https://www.heraldscotland.com/news...-fraudulently-boosted-scots-homes-value-200m/

 

And yet the record clearly shows that that is EXACTLY what happened.

All of Trump’s money after 2000 came from Russian banks or Russian controlled banks (mostly in Cyprus).

You’re making excuses for a man who fraudently added ten fake stories to the Trump Tower and told the banks that his penthouse was three times its actual size. Among many other things.

Why don’t you wonder why no New York bank, insurance company or investment trust would lend on a Trump deal?

 

wtf are you talking about? He didn't fraudulently add 10 fake stories. They asserted that even though his building was 74 stories tall that because only 64 of them were used for commercial space and the rest were used for administrative purposes and not commercial space that it was fraud he list it for 74 floors and a commercial space.

Which is patently absurd and preposterous. Every large building EVERY SINGLE ONE has administrative floors and they're not required to remove them as part of their prospectus for a commercial loan. That's ****ing retarded

 

I'll respond to both posts here. First, as I understand it, Trump took out a 100,000 loan to pay for what was either the NY Holdings(or Mar-a-lago, I can't remember which). And it was his honor who judged to the sum of $350 million(which again, is ironic. He's accused of overvaluing his assets(a claim that is probably true), and yet an order that only undermines this State's collection ability moving forward is to claim $350 million.

Which is vastly more than the loan, and more than the total sum of those properties as weighed at the time financially.

So it's not me making it up, it's His Honor. So if you're upset, join the club. The ruling flies in the face of the guilt Trump holds.

Secondly, you're right that once Trump kicked the bucket or once one of the loans wasn't paid on time, etc or some other irregularity occurred then the business would've collapsed. The difference is that Trump would've owned 100% of that liability. Now he doesn't anymore. Now NY seizes it and will either have to sell it at losses, or taxes will increase to make up the difference.

Either way, this isn't a W for NY. It's not a W for Trump either(except again, in the sense if he escapes his legal issues, the liquidation was long needed and now he can start over)