Donald Trump has appealed his $454 million New York civil fraud judgment, challenging a judge’s finding that he lied about his wealth as he grew the real estate empire that launched him to stardom and the presidency.

But, he didn’t post a bond, so he still owes the court.

  • RedditWanderer@lemmy.world
    762·
    9 months ago

    In case you are wondering his delay tactics and appeal is not to say that he did not do these things, he’s trying to argue that he paid back the loans he fraudulently acquired so no harm no foul. He’s actually opening himself up to more lawsuits, but by then he hopes to Pardon himself as president

    • aseriesoftubes@lemmy.world
      551·
      9 months ago

      but by then he hopes to Pardon himself as president

      I wish him luck pardoning himself on state charges. The state of NY don’t give a fuck and will start seizing his assets.

      • fluxion@lemmy.worldEnglish
        70·
        9 months ago

        He ain’t paying shit if he’s president, he will conduct himself like a little Putin / Kim Jong Un and nobody will be able to arrest or stop him. He’ll retaliate through every legal or illegal means available to prevent any enforcement of such a verdict.

        He cannot be allowed to become President. He will destroy the rule of law in this country.

        • some_designer_dude@lemmy.world
          50·
          9 months ago

          Considering his freedom after a widely televised insurrection, kinda looks like “rule of law” has already been destroyed in your country 🧐

        • Optional@lemmy.world
          3·
          9 months ago

          The people Who Are Supposed To Know Better need to figure out what they’re going to do when that happens because if this demented rapist is set to lie about defending The Constitution for a second time well, then he thinks he’s a king . . . And we don’t play that. Failure by the FBI, failure by the DCI, failure by the DoJ - we live in this country to chew gum and not have a king. And we’re about out of gum.

          Merrick! Wake up! Phone’s ringing, Dude.

      • mozz@mbin.grits.dev
        15·
        9 months ago

        This is why they need things like the Florida State Guard and the Oathkeepers and why they’re inviting confrontations between the Texas National Guard and border patrol. Their plan is not based on anything legal; their plan is “we have big guys with guns and we’ll shoot you if you try to enforce the law.”

      • RubberDuck@lemmy.world
        4·
        9 months ago

        If this runs to conclusion and the verdict stays, most likely the banks that where duped will request the difference between what he paid and what he should have paid if they knew the true financial reality, if they would have lent to him at all.

        The lying on real estate value most likely also influenced the prices of other real estate to be higher. So people that bought real estate will also have been influenced. They will have a hard time proving it, but the downstream effects will be there.

    • TropicalDingdong@lemmy.world
      161·
      9 months ago

      He still has to post the bond though?

      Which means he is still going to be in the liquidity cruch, which imo, is of far greater concern to him.

      • KISSmyOS@feddit.de
        182·
        9 months ago

        He has to do a lot of things, legally. That doesn’t seem to concern him too much, though.
        He’ll die from from old age, rich and without ever having seen consequences for his actions.

        I take comfort in the fact that he was never, won’t ever be, and is probably incapable of being, content and happy.

          • KISSmyOS@feddit.de
            101·
            9 months ago

            He lives the lifestyle of the rich, no matter what his bank statements say.
            He’s the living, breathing proof that when you’re part of the upper echelon of our economic system, money is completely imaginary.

            When I subtract my debts and open obligations from my assets, the result is probably a lot higher than Trump’s, but he’s the one who still shits in a golden toilet.

    • Zitronensaft@feddit.de
      2·
      9 months ago

      That is such a ridiculous argument. The harm is in the opportunity cost to other potential borrowers and the burden of the added risk the bank was taking on unknowingly. He was tying up bank funds on risky fraudulent investments and that meant there were less funds available to loan to other people who weren’t fraudulently claiming their assets had a highly inflated value. He has declared bankruptcy in the past, there was no guarantee the investments would’ve worked out and the bank could’ve been exposed to huge losses without enough assets to cover their liabilities if a bunch of people started using Trump tactics and lying about their holdings to get extra loans. Banks don’t have infinite money.

  • AutoTL;DR@lemmings.worldBEnglish
    81·
    9 months ago

    This is the best summary I could come up with:

    Trump had vowed to appeal and his lawyers had been laying the groundwork for months by objecting frequently to Engoron’s handling of the trial.

    Trump said Engoron’s decision, the costliest consequence of his recent legal troubles, was “election interference” and “weaponization against a political opponent.”

    “Given the grave stakes, we trust that the Appellate Division will overturn this egregious verdict and end this relentless persecution against my clients,” Trump lawyer Alina Habba said.

    Trump wasn’t able to appeal the decision immediately because the clerk’s office at Engoron’s courthouse had to file paperwork known as a judgment to make it official.

    He is scheduled to go on trial next month in Manhattan for falsifying business records related to hush money paid to porn actor Stormy Daniels on his behalf.

    In January, a jury ordered Trump to pay $83.3 million to writer E. Jean Carroll for defaming her after she accused him in 2019 of sexually assaulting her in a Manhattan department store in the 1990s.

    The original article contains 881 words, the summary contains 164 words. Saved 81%. I’m a bot and I’m open source!

  • blazera@kbin.social
    61·
    9 months ago

    the wheels of justice turn so slowly for Trump, I bet even asset seizing is gonna be appealed and delayed until another judge reviews the case. And then that ruling will be appealed.