Donald Trump Nailed in Fraud Case

Donald Trump just got nailed again …!!
A massive Fine plus the Trump Empire banned from doing business in the State of New York for 3 Years …

The score so far :-

  • Ms Eugene Carrol Assault Case 1 - USD: 5 million.
  • Ms Eugene Carrol Assault Case 2 - USD: 83 million.
  • The New York Fraud Case - USD: 437 million.

And more cases to follow:rofl: :joy: :rofl:

Wueh. Very expensive mistake.

Here’s a look at what comes next.

Can Trump afford to pay?

Trump’s company isn’t public, and he has famously refused to disclose his tax returns, so his cash flow situation is shrouded in mystery.

Even if he has $440 million in cash on hand — and it’s far from clear that he does — paying the judgments could wipe out his accounts, since Trump himself has placed his cash reserves in the ballpark of that amount.

Trump claimed in a deposition last year that he had “substantially in excess” of $400 million in cash on hand.

“We have, I believe, 400 plus and going up very substantially every month,” he said, adding: “My biggest expense is probably legal fees, unfortunately.”

But it’s unclear whether that number is accurate. That deposition, after all, was part of the very lawsuit in which a judge found that Trump has repeatedly inflated his net worth.

If he doesn’t have enough cash on hand, would he have to sell properties?

Trump would likely have to sell something, although it wouldn’t necessarily have to be property. He could sell investments or other assets.

What happens if he resists paying?

In the civil fraud case, which is in New York state court, if Trump can’t post the funds or get a bond, then the judgment would take effect immediately and a sheriff could begin seizing Trump’s assets.

The rules are slightly different in federal court, which is the venue for the $83.3 million judgment that Trump owes for defaming the writer E. Jean Carroll after she accused him of raping her. (He also owes Carroll an additional $5 million from a separate verdict last year.) Carroll could pursue post-judgment discovery under the jurisdiction of the judge who oversaw the trial. Through that process, the judge could order Trump to produce his bank account records, place liens or garnish his wages.

“I think he’s going to have to pay. And whether it requires him to sell or to put a lien on something to get a loan, that’s his problem, not ours. He’s going to pay,” Carroll’s attorney Roberta Kaplan said on CNN last month.

The judge, Kaplan added, will use “judgment enforcement mechanisms” to “make sure that he pays.”

If Trump truly can’t afford the judgments, he would have to declare bankruptcy.

Can Trump delay payment by appealing the verdicts?

No. In all three cases, he has to put money in an escrow account with the court or get a bond while he’s appealing the verdicts.

With the civil fraud verdict, which Trump has vowed to appeal, the amount to be posted or bonded is set by the court. It is typically about 120 to 125 percent of the judgment amount, to account for additional post-judgment interest that accrues during the appeal.

With last year’s Carroll verdict, which Trump has appealed, he turned over $5.5 million to the court, which was worth 111 percent of the judgment.

For the more recent Carroll verdict, which Trump has also vowed to appeal, 111 percent of the judgment would be $92.46 million. Trump has a 30-day window after the Jan. 26 verdict to either pay cash into the court’s escrow or get a bond while he appeals. If he chooses to file a bond, he will likely have to pay a 20 percent deposit ($16.66 million) and put up collateral, but it could come with fees and interest, making it more expensive in the long run. And it would require Trump to find a third party willing to take on the risk of loaning him money.

Does he personally have to pay the verdicts? Could he get his campaign or PAC or the RNC to pay?

The courts don’t have restrictions on the sources of funds used to pay judgments, and Trump would surely like to tap other funds than whatever money is in his own personal accounts.

He could transfer assets from the Trump Organization to himself in order to help satisfy the judgments.

Using his political vehicles to pay would be far trickier. There is a general ban on using campaign donations for personal uses unrelated to a campaign or the official duties of an officeholder. And as for his political action committees, Richard Pildes, a professor of constitutional law at New York University law school, said they can’t pay Trump’s judgments.

“Campaign funds cannot be used for that purpose regardless of whether the PAC is the decision-maker,” he wrote in an email.

Besides, Trump’s PACs may not be able to afford the judgments, since he has been using them to pay the many lawyers defending him across his criminal and civil cases.

Two of Trump’s PACS spent $29 million in legal consulting and legal fees in the second half of last year, leaving only $5 million in his leadership PAC’s coffers.

The Republican National Committee doesn’t have the same ban on the personal use of funds as Trump’s campaign committee, but paying Trump’s judgments could jeopardize its nonprofit status.

Can Trump pay? What if he doesn’t? Here’s what to know about Trump’s massive civil judgments. (msn.com)

Sisi taxpayers ndio tutalipa iyo pesa in one way or another. Hii ni ya kuonyesha watu something is being done. Nothing more. November napigia yeye kura.

He is screwed …
And it will only get worse … :blush: :joy: :rofl:

Amazing news!!

The next judgement should be about his life imprisonment (one can only hope!) :rofl::rofl:

Once Trump and his MAGA cultists are sequestered and contained we can expect to see America soar to unprecedented heights.

Great job Tish. :+1:

We must bail out Trump

Trump will have to start liquidating all his big Assets …
No Bank or Financial House will risk a Loan to a potentially Bankrupt looser politician … :joy: :rofl:

Donald Trump’s Son-In-Law was on the take from Saudi Arabia … :joy: :rofl:

Trump aweke paypal account, gofundme, that we his supporters all over the world can donate to. If only 1B of his worldwide supporters pay just $1 then we will have raised $1B for the fine and his campaign.

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Trump’s crushing fraud trial defeat is a microcosm of a life defined by breaking all the rules

Analysis by Stephen Collinson

It offers a character study of the behavior, beliefs and worldview that define the DNA of an irrepressible figure and unchained force who is again tearing at American unity, institutions, democracy and the rule of law as another contentious election looms.

A trial, which Trump tainted with histrionics and contempt for the judicial system, and Judge Arthur Engoron’s final, stinging judgment, revealed four foundational codes that explain Trump’s tumultuous path through a life that he simply sees as an endless stream of business and political deals he must close.

  • Trump thinks rules are for other people. He will always break them in seeking more wealth, more attention, or more votes.
  • If reality doesn’t get the ex-president what he wants, he conjures a new one.
  • Trump is compelled always to fight — even when stepping back would be smarter.
  • And when accountability finally arrives, he sees justice as an act of persecution by his enemies.

These Trump traits leap out of a staggering 92-page ruling handed down by Engoron, which left Trump facing a half-billion-dollar hole in his finances because of penalties and obligations in this and other cases.

The judge encapsulated the former president’s brazen refusal to play by the same rules under which everyone else must live — and that in this case are the key to a functioning banking and economic system — with the words: “ The frauds found here leap off the page and shock the conscience.”

But evidence never swayed Trump before and will not now, despite his crushing defeat. Whenever he loses, he just doubles down with a bigger falsehood — in this case that a fair legal process was simply a political attack by President Joe Biden.

“All comes out of the DOJ, it all comes out of Biden,” Trump said. “It’s a witch hunt against his political opponent, the likes of which our country has never seen.”

The climax of the case deepened the extraordinary legal morass facing Trump who is embroiled in multiple cases and faces the first of his criminal trials next month. The judgment portrays Trump, his adult sons and the Trump Organization, flouting business ethics, rules and laws to pull valuations for their property assets out of the air to get favorable loans, and then even more remarkably, refusing to accept the facts of their conduct when confronted with the evidence.

Practically, Engoron’s decision will impose severe financial and personal strain on Trump as he’s emerging as the almost certain Republican presidential nominee. While Trump boasts of being a billionaire many times over, it’s unclear if he has the liquidity to pay what he owes or if some of the “beautiful buildings” and golf resorts over which he often waxes fondly in campaign speeches are at risk. An emperor has no clothes moment that reveals the ex-president as less wealthy than he claims could threaten the mogul’s mystique on which he built his political brand and his self-identity.

Warning signs for Trump

Perhaps most concerning for Trump, Friday’s defeat suggests the shield of impunity that has allowed his rampaging political and business career is fraying. It comes only three weeks after a jury in a defamation case in Manhattan awarded the writer E. Jean Carroll $83 million in compensatory damages for public statements he made in 2019 disparaging her and denying her rape allegations.

While the ex-president’s strategy of basing his legal defenses on a political argument that he’s a victim of persecution from the Biden administration may be working in the campaign — at least for now — it is no match for the exacting standards of a court of law. At a defining moment of Trump’s fraud trial, when he was effectively making a campaign speech from the stand, Engoron asked Trump’s lawyer: “Can you control your client?” Of course, no one has ever been able to do so. But Engoron’s ruling shows that the legal system has the power to constrain Trump and impose consequences that the political system lacks, despite two impeachments and a lost presidential election. This must be a worry for Trump as he faces four criminal trials, and may partly explain his desire to win back power since presidential authority could help him block or reverse convictions – at least in federal cases.

Trump is also absorbing a double blow from New York, the larger-than-life city and state where he built towering skyscrapers and an outrageous personality based on an all-publicity-is-good-publicity attitude to 1980s tabloids. On Thursday, another New York judge locked in March 25 as the start date [for his first criminal trial](https://www.cnn.com/2024/02/15/politics/new-york-trump-hearing/index.html) — over hush money payments to a former adult film star. The next day, the real estate empire that literally changed Manhattan’s skyline was rocked by Engoron’s verdict.

Trump has long since decamped to Florida, but Engoron’s ban on him running a New York corporation for three years will still sting. New York brashness and high stakes made Trump who he is. But his outlandishness has also repeatedly made him a Manhattan outsider. And now the city is rejecting him again, as part of a longterm trend that surely shaped Trump’s political super skill — his capacity to identify and harness the frustration of Americans who feel themselves rejected and condescended to by East Coast political, economic and media elites.

It’s too early to tell how Trump’s loss on Friday will affect his political campaign. The dizzying line-up of cases against him has only cemented his bond with Make American Great Again voters who bought into his expertly crafted narrative of persecution that rescued an initially lackluster 2024 election campaign and has him on the verge of capturing his third straight Republican nomination. The advantage of Trump’s sense of victimization is that every reverse further fuels it. One of his closest allies, Rep. Elise Stefanik of New York, therefore was able to ignore the overwhelming evidence revealed in the case of his malfeasance to declare: “The American people will not stand for this; they will elect President Trump as our 47th President of the United States.”

But for all of Biden’s political vulnerabilities, it’s hard to see how Trump’s increasing list of legal losses will improve his standing with the suburban moderate, swing state voters who paved the way to his loss in 2020. His remaining GOP foe Nikki Haley is making this point in her rallies. “March and April, he’s in one case court case. May and June, he’s in another,” Haley said while campaigning on Thursday ahead of the South Carolina primary. “He’s already said he’s going to spend most of this year in a courtroom, not on a campaign trail. That’s not a way you win.”

Friday’s ruling may turn out to be another blow to Republicans in a week in which they lost a key special election in New York and the GOP House majority bolted Washington in disarray. Biden, after a rough trot dominated by questions about his age, had a better week, as Tom Suozzi’s election win cooled panic among Democrats over their 2024 prospects and after the FBI charged an ex-informant with lying, in a move that eviscerated the GOP’s impeachment inquiry against him.

Flouted rules, new realities and a busted legal strategy

Trump’s belief that the rules are for others defines his business and political life. It’s essential, for example, to his claim now before the Supreme Court that presidents enjoy absolute immunity and cannot be prosecuted for their actions after they leave office.

Engoron, meanwhile, marveled at the ex-president’s audacity in flouting business ethics in inflating the values of his real estate and then his refusal to accept the truth of his actions when confronted with the evidence. “Defendants are incapable of admitting the error of their ways. Instead, they adopt a ‘See no evil, hear no evil, speak no evil’ posture that the evidence belies,” he wrote. Engoron explained that such a crushing verdict was necessary to account for Trumps ill-gotten gains — because he believes they will continue in the absence of a painful price: “Donald Trump testified that, even today, he does not believe the Trump Organization needed to make any changes based on the facts that came out during this trial.”

Trump’s willingness to create a convenient reality is also at the heart of the case filed against him by New York Attorney General Letitia James, which rested on accusations that he serially inflated the values of his holdings to obtain better terms from banks and financial firms and to ultimately make more money. The ex-president claims that there were no victims from his behavior and that everyone made money. Yet regular Americans wouldn’t get away with such conduct in their far less lucrative financial lives and investments. And Engoron argued that he was obligated to “protect the integrity of the financial marketplace and, thus, the public as a whole.”

Trump’s propensity to simply alter truth and fact transferred easily from the business world to politics. It emerged hours into his presidency when he declared he had the biggest inaugural crowd ever despite photos proving the contrary. And his greatest fraud rests in his lies that he won the 2020 election and that the Constitution gave him the right to stay in power despite his defeat. The con-game of plucking a number out of the air to vastly over value his Trump Tower triplex is not that much different, after all, than calling Georgia election officials and asking them to “find” votes so that he could overturn Biden’s victory in the key swing state.

In his book, “Never Enough,” author Michael D’Antonio shows how Trump was taught by a demanding father and teachers that he needed to be “a killer” and that winning “was the only thing.” This explains his relentless willingness to fight, his never-ending legal crusades and his fervent desire at 77 years old to win back power after a humiliating election loss that nearly wrecked American democracy. Yet this refusal to ever admit defeat also appears to be leading Trump into dangerous legal territory.

The former president’s fight-at-all-costs legal strategy seems to be coming unstuck. “Trump is unique in that he stubbornly thumbs his nose at our justice system and finds himself in legal turmoil,” said Neama Rahmani, a former federal prosecutor and president of West Coast Trial Lawyers. “Sometimes it’s better to cooperate with authorities or to settle a civil lawsuit rather than fight a losing battle.”

For Trump, the battle itself and the act of breaking rules are the point of existence itself, even when they lead him into legal and constitutional peril. His flawed philosophy that in business and life, it’s all about closing one more deal, means that even crushing defeats like the 2020 election and his fraud trial cannot change him.

“I don’t do it for the money. I’ve got enough, much more than I’ll ever need,” Trump wrote in “The Art of the Deal.” He added: “I do it to do it. Deals are my art form.”

How does this work?

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