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brooklynite

(94,614 posts)
Fri Feb 16, 2024, 04:05 PM Feb 16

Trump Ordered to Pay $355 Million and Barred From New York Business

Source: New York Times

A New York judge on Friday handed Donald J. Trump a crushing defeat in his civil fraud case, finding the former president liable for conspiring to manipulate his net worth and ordering him to pay a penalty of $355 million that could wipe out his entire stockpile of cash.

The decision by Justice Arthur F. Engoron caps a chaotic, yearslong case in which New York’s attorney general put Mr. Trump’s fantastical claims of wealth on trial. With no jury, the power was in Justice Engoron’s hands alone, and he came down hard: The judge delivered a sweeping array of punishments that threatens the former president’s business empire as he simultaneously contends with four criminal prosecutions and seeks to regain the White House.

Not only did Justice Engoron impose a three-year ban preventing Mr. Trump from serving in top roles at any New York company, including his own, but the judge also applied that punishment to the former president’s adult sons for two years and ordered that they pay more than $4 million each. One of the sons, Eric Trump, is the Trump Organization’s de facto chief executive, and the ruling throws into doubt whether any member of the family can run the business in the near term.

Mr. Trump will appeal the financial penalty — which could climb to $400 million or more once interest is added — but will have to either come up with the money or secure a bond within 30 days. The ruling will not render him bankrupt, because most of his wealth is tied up in real estate.




Read more: https://www.nytimes.com/2024/02/16/nyregion/trump-civil-fraud-trial-ruling.html



Donald Trump's adult sons, Don Jr. and Eric, were ordered to pay $4 million each after Judge Arthur Engoron found them liable for multiple fraud counts.

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Trump Ordered to Pay $355 Million and Barred From New York Business (Original Post) brooklynite Feb 16 OP
This message was self-deleted by its author RandySF Feb 16 #1
That's just what Ms. James has asked for nt leftieNanner Feb 16 #2
Less. former9thward Feb 16 #10
They havent said yet what the interest will be. getagrip_already Feb 16 #4
Over $400 million with interest avebury Feb 16 #54
MSNBC legal eagles said 9% interest. n/t iluvtennis Feb 16 #62
Compounded daily..... SergeStorms Feb 16 #84
They said angrychair Feb 16 #5
Three years for Trump. former9thward Feb 16 #9
3 years may not be enough. soldierant Feb 16 #75
Yes, but it creates a short-term crisis for them. yardwork Feb 17 #105
I'm not sure either of them would be much help. soldierant Feb 17 #113
Apparently $355 M. brooklynite Feb 16 #6
Trump Ordered to Pay Over $350 Million and Barred From New York Business swag Feb 16 #3
I like it Lulu KC Feb 16 #8
Just think: if Alina Habba had checked the "jury" box, things may have turned out differently. Go Habba, go! machoneman Feb 17 #104
Link to the court order: mahatmakanejeeves Feb 16 #7
Does "jointly and severally liable" mean that the family can say that the trust or organization pays it all muriel_volestrangler Feb 16 #20
Kind of jmowreader Feb 16 #44
HaHa!! smb Feb 16 #63
You get 2 hearts for that chart, SMB! SergeStorms Feb 16 #85
Baaahahahahaaaaa. Ty! electric_blue68 Feb 16 #97
Thoughts and prayers!!! shotten99 Feb 16 #11
yes, hit him again- harder nt et tu Feb 16 #58
This is wonderful.. bagimin Feb 16 #12
Putin killed Prigozhin and Navalny, so will Trump be the next "loose end"? Kennah Feb 16 #13
Don't tease me like that! birdographer Feb 16 #23
I can't believe Putin has let TFG and his family of goons live this long ffr Feb 16 #47
I think Pootie has other priorities at the moment. ShazzieB Feb 16 #76
If Trump doesn't manage to get back in the White House...... yardwork Feb 17 #106
No, T45 Karma is to live with a disability IbogaProject Feb 17 #112
Suspect as Eric said, we have all the money we need from Russia."9 Evolve Dammit Feb 16 #14
From the decision: mahatmakanejeeves Feb 16 #15
Covicted Felon. Such a nice sound. twodogsbarking Feb 16 #16
No Bernardo de La Paz Feb 16 #24
But the show ain't over yet. twodogsbarking Feb 16 #31
Honest question here: Orrex Feb 16 #89
Good question. "judged liable", "culpable"? "Guilty" might not be accurate Bernardo de La Paz Feb 16 #91
I do like the sound of "culpable" Orrex Feb 18 #116
that fraudulent fuck? Kali Feb 16 #94
Good and fitting, all. Orrex Feb 18 #117
legally culpable fraudster dementia j. loser niyad Feb 17 #115
I might actually start referring to him by that last part Orrex Feb 18 #118
Keith Olbermann has been calling him that for some time now. niyad Feb 18 #119
No, unfortunately not. This was a civil case. The criminal case is up on March 25th, unless the can's kicked down Texin Feb 16 #69
That's the ticket. twodogsbarking Feb 16 #74
That can 🥫 better not get kicked down the road! (Although I know he'll try.) ShazzieB Feb 16 #80
Close - an indicted felon (georgia case) onetexan Feb 16 #77
So I heard. twodogsbarking Feb 16 #78
This is really a decision that will cause a lot of pain... the company is restricted going forward getting loans LetMyPeopleVote Feb 16 #17
This one has to sting. honest.abe Feb 16 #18
Hide the ketchup LetMyPeopleVote Feb 16 #19
The KetchCon scale is full of win. 4lbs Feb 16 #56
This makes me smile LetMyPeopleVote Feb 16 #79
love it!!!! nt et tu Feb 16 #65
Next up: Chump sues Alina Habba for $355 mill - malpractice FakeNoose Feb 16 #21
All the decent lawyers.... SergeStorms Feb 16 #87
Baaahahahahaaaaa. That's Funny! Love him slamming the laptop on the desk. electric_blue68 Feb 17 #99
From the Washington Post: mahatmakanejeeves Feb 16 #22
WORLD'S BIGGEST LOSER! Novara Feb 16 #25
He got tired of winning all the time. sop Feb 16 #32
Not being able to borrow money will be devastating dlk Feb 16 #26
So what happens with Trump Tower NY? live love laugh Feb 16 #27
Yes, I need to know runnergirl Feb 16 #51
NYC should turn it into a migrant shelter MichMan Feb 17 #103
I would like to take this opportunity to thank the Judge and all who helped with this and also twodogsbarking Feb 16 #28
I was hoping for a billion-dollar fine and a lifetime ban DavidDvorkin Feb 16 #29
not be a billion, but it will severely restrict his ability, and his grifting kids to do business in NY, or anywhere PortTack Feb 16 #42
I was hoping for the Chair! But, then again, I ain't no lawyer. PTL_Mancuso Feb 17 #108
I'd pay to see that. DavidDvorkin Feb 17 #110
Fantastic news! StarryNite Feb 16 #30
Trump civil fraud trial live updates: Judge fines Trump $354 million The former president was found to have defrauded l riversedge Feb 16 #33
"So much winning!" WestMichRad Feb 16 #34
yah, winning is unbearable Roc2020 Feb 16 #72
Loser! mcar Feb 16 #35
Just in time for some Trump Tower and Mar-a-lago Spring Community Garage Sales! Rhiagel Feb 16 #36
Wonder if they will sell the toilets BlueKota Feb 16 #68
Rapists and fraudsters. And here we thought they were just ordinary republlican Grifters. ffr Feb 16 #37
$543 mil is what Trump needs for appeal of this case Jarqui Feb 16 #38
Nothing a couple of flash drives won't cover. Beachnutt Feb 16 #71
LINK TO PDF OF JUDGE ENGERON'S RULING ificandream Feb 16 #39
Wonder how many times the Shitty grifter has re-thought that decision to run for President. Comfortably_Numb Feb 16 #40
This is getting interesting. What will the Trump clan do now? twodogsbarking Feb 16 #41
I love the fact Donny Jr. and Eric can't do business in NY State for two years. ificandream Feb 16 #43
Well, THAT just preempted local news nitpicked Feb 16 #45
Yay ! Yay ! Yay! FailureToCommunicate Feb 16 #46
Well that just preempted local news nitpicked Feb 16 #48
Bwah! I actually get this - I was staying overnight in DC back in Dec '93 bc... electric_blue68 Feb 17 #98
I wonder how much it is with the interest included? LiberalFighter Feb 16 #49
Someone else on another thread estimated it at another 100M. honest.abe Feb 16 #52
Alarms should be going off at IRS about now. How much has TFG defrauded U.S. Taxpayers? ffr Feb 16 #50
Yes. I know his businesses are conplex TexasBushwhacker Feb 16 #67
Congress is just as responsible for deficit spending MichMan Feb 17 #111
the republican Congress under TFG is just as responsible for deficit spending ffr Feb 18 #120
I'm guessing there'll be a social posting tsunami tonight. padah513 Feb 16 #53
Still the MAGA will love him. liberal N proud Feb 16 #55
Let them love him all they want. 😠 ShazzieB Feb 16 #86
Can Melania or Ivanka take over the businesses? chowder66 Feb 16 #57
They run away from the smelly con artist as fast as they can... Justice matters. Feb 16 #61
So will the MSM polls finally change ArizonaLib Feb 16 #59
I hope he the orange guy tom_kelly Feb 16 #60
Not enough !! flying-skeleton Feb 16 #64
so much winning! mike_c Feb 16 #66
Good! Wicked Blue Feb 16 #70
It's on the high end of what was asked for by the DA Warpy Feb 16 #73
Three years isn't enough. Grumpy Old Guy Feb 16 #81
So he's banned from doing business in NY and so are his sons. llmart Feb 16 #82
Question? BlueKota Feb 16 #83
Seeing that most everything he owns (technically) is highly leveraged... Mr. Evil Feb 16 #88
Of course Sailingdiver Feb 16 #90
I wish the IRS would go after him, but they probably think that's "too political" even though catbyte Feb 16 #92
A bit too big for Go Fund Me, what say Donny? KY_EnviroGuy Feb 16 #93
No pity CountAllVotes Feb 16 #95
And I STILL hear the spawn referred as "his boys", even on MSNBC BigmanPigman Feb 16 #96
This was top of the 8PM local news in L.A., and it was TERRIFIC! No BS, just the truth, for once. C Moon Feb 17 #100
Couple of questions: Aussie105 Feb 17 #101
lets see how long ol kimberly sticks with djtj once hes broke... samnsara Feb 17 #102
Kick. N/T Upthevibe Feb 17 #107
Justice delayed is just as delicious. nt Xipe Totec Feb 17 #109
Was hoping for the business "death penalty", but little victories are good too. On to the next trial, asshole. OverBurn Feb 17 #114

Response to brooklynite (Original post)

SergeStorms

(19,204 posts)
84. Compounded daily.....
Fri Feb 16, 2024, 07:06 PM
Feb 16

That's pretty sweet, huh? Trump can't even come up with the interest payments, let alone the principal.

soldierant

(6,890 posts)
75. 3 years may not be enough.
Fri Feb 16, 2024, 06:16 PM
Feb 16

He might still be alive in three years.

And 2 years is definitely not enough for the offspring.

yardwork

(61,667 posts)
105. Yes, but it creates a short-term crisis for them.
Sat Feb 17, 2024, 10:21 AM
Feb 17

Their organization might not survive two years if none of them are allowed to be involved.

However, can Ivanka or Jared step in?

soldierant

(6,890 posts)
113. I'm not sure either of them would be much help.
Sat Feb 17, 2024, 05:32 PM
Feb 17

They'd need knowledgeable support, and Weisselberg and another key figure have been banned for life

swag

(26,487 posts)
3. Trump Ordered to Pay Over $350 Million and Barred From New York Business
Fri Feb 16, 2024, 04:08 PM
Feb 16
https://www.nytimes.com/2024/02/16/nyregion/trump-civil-fraud-trial-ruling.html?unlocked_article_code=1.V00.h7KP.PNOqgNBqT3MC&smid=url-share

A New York judge on Friday handed Donald J. Trump a crushing defeat in his civil fraud case, finding the former president liable for conspiring to manipulate his net worth and ordering him to pay a penalty of more than $350 million that could wipe out his entire stockpile of cash.

The decision by Justice Arthur F. Engoron caps a chaotic, yearslong case in which New York’s attorney general put Mr. Trump’s fantastical claims of wealth on trial. With no jury, the power was in Justice Engoron’s hands alone, and he came down hard: The judge delivered a sweeping array of punishments that threatens the former president’s business empire as he simultaneously contends with four criminal prosecutions and seeks to regain the White House.

Not only did Justice Engoron impose a three-year ban preventing Mr. Trump from serving in top roles at any New York company, including his own, but the judge also applied that punishment to the former president’s adult sons for two years. One of the sons, Eric Trump, is the Trump Organization’s de facto chief executive, and the ruling throws into doubt whether any member of the family can run the business in the near term.

Mr. Trump will appeal the financial penalty — which could climb to $400 million or more once interest is added — but will have to either come up with the money or secure a bond within 30 days. The ruling will not render him bankrupt, because most of his wealth is tied up in real estate.

machoneman

(4,007 posts)
104. Just think: if Alina Habba had checked the "jury" box, things may have turned out differently. Go Habba, go!
Sat Feb 17, 2024, 10:10 AM
Feb 17

muriel_volestrangler

(101,322 posts)
20. Does "jointly and severally liable" mean that the family can say that the trust or organization pays it all
Fri Feb 16, 2024, 04:34 PM
Feb 16

so that Trump the Rapist personally doesn't have to pay anything? I note that Donald Trump (Jr., not the Rapist) and his bro Eric are personally liable for $4m each.

So does this just mean the siblings' inheritance is fucked, rather than the Rapist himself?

jmowreader

(50,560 posts)
44. Kind of
Fri Feb 16, 2024, 05:01 PM
Feb 16

All these groups have to combine to come up with the amount of money demanded.

For instance, Tom, Dick and Harry have been sued for selling used cars with cracked blocks and fined $1 million. They can pay a third each, Tom and Dick can pay a quarter and Harry the rest, or Dick can pay the whole thing. The court doesn’t care who pays as long as someone does.

This case is different. Because Trump runs LLCs it’s basically all his money. The LLC gives some protection - if you get sued they can’t take your house unless they want to pierce the corporate veil - which it appears Judge Engoron did - but at the end of the day it’s his cash. Which means he’s probably going to be selling buildings, or his heirs will when the Big Macs finally get him, to pay this because the bastard has no money.

ffr

(22,671 posts)
47. I can't believe Putin has let TFG and his family of goons live this long
Fri Feb 16, 2024, 05:03 PM
Feb 16

They own him something like $400 million before TFG left office.

Then again, Putin probably sees republicans as an investment. Whatever damage they do to America is pennies on his Ruble.

ShazzieB

(16,432 posts)
76. I think Pootie has other priorities at the moment.
Fri Feb 16, 2024, 06:26 PM
Feb 16

Like getting Trump reelected so he can "do whatever the hell he wants" to Ukraine.

However, when (I refuse to say "if" ) TSF loses the election, gets convicted of multiple felonies, or both, I think Pootie may just run out of patience. Once he realizes TSF will never be in a position to give him what he wants, watch out!

IbogaProject

(2,816 posts)
112. No, T45 Karma is to live with a disability
Sat Feb 17, 2024, 04:37 PM
Feb 17

T45 needs to be stuck twitching like how he mocked that reporter back in 2016, plus stuck with speech defects but with his mind intact. Karma is for him to suffer the type of disabilities he has mocked while being fully aware, so he can be even less electable and gets to watch hopelessly has his brand and mojo dissipate into irrelevance.

mahatmakanejeeves

(57,514 posts)
15. From the decision:
Fri Feb 16, 2024, 04:26 PM
Feb 16
https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=CJKA2EOIiTRatUAYz6FyeA==&system=prod

Page 77:

Materiality has been one of the great red herrings of this case all along. Faced with clear
evidence of a misstatement, a person can always shout that “it’s immaterial.” Absolute
perfection, including with numbers, exists only in heaven. If fraud is insignificant, then, like
most things in life, it just does not matter. As an ancient maxim has it, de minimis non curat lex,
the law is not concerned with trifles. Neither is this Court.

But that is not what we have here. Whether viewed in relative (percentage) or absolute
(numerical) terms, objectively (the governing standard) or subjectively (how the lenders viewed
them), defendants’ misstatements were material. United States Supreme Court Justice Potter
Stewart famously, or infamously, declared that he could not define pornography, but that he
knew it when he saw it. Jacobellis v State of Ohio, 378 US 184, 197 (1964). The frauds found
here leap off the page and shock the conscience.

Wisely, courts have refused to define “material” in a “one size fits all” fashion. At trial, this
Court attempted to get the experts to go where Courts have dared not tread. Not surprisingly, a
firm definition could not be found. But in the present context, this Court confidently declares
that any number that is at least 10% off could be deemed “material,” and any number that is at
least 50% off would likely be deemed material. These numbers are probably conservative given
that here, such deviations from truth represent hundreds of millions of dollars, and in the case of
Mar-a-Lago, possibly a billion dollars or more.

Different Appraisers, Different Appraisals
Yet another great red herring in this case has been that different appraisers can legitimately and
in good faith appraise the same property at different amounts. True enough, as appraising is an
art as well as a science. However, the science part cannot be fraudulent. When two appraisals
rely on starkly different assumptions, that is not evidence of a difference of opinion, that is
evidence of deceit.

Orrex

(63,216 posts)
89. Honest question here:
Fri Feb 16, 2024, 08:29 PM
Feb 16

What's the appropriate way to refer to someone found civilly liable for fraud? I know that "convicted fraud" is incorrect, but if feels like there should be a similarly concise descriptor?

Bernardo de La Paz

(49,013 posts)
91. Good question. "judged liable", "culpable"? "Guilty" might not be accurate
Fri Feb 16, 2024, 09:28 PM
Feb 16

"found liable"
"legally liable"

I looked up synonyms for "judged". There were lots for various meanings but few seemed applicable to civil proceedings.

Orrex

(63,216 posts)
117. Good and fitting, all.
Sun Feb 18, 2024, 12:32 AM
Feb 18

In online discussions I often refer to him as "the defeated loser and lifelong failure Trump." That seems to fire up his KKKultists nicely.

Texin

(2,596 posts)
69. No, unfortunately not. This was a civil case. The criminal case is up on March 25th, unless the can's kicked down
Fri Feb 16, 2024, 05:53 PM
Feb 16

the road per usual. That's the case that determines if Putin's puppet is guilty of hush money payments illegally made to Stormy Daniels (by I believe using campaign donations along with his own (probably laundered) funds).

ShazzieB

(16,432 posts)
80. That can 🥫 better not get kicked down the road! (Although I know he'll try.)
Fri Feb 16, 2024, 06:47 PM
Feb 16

You see, my birthday 🎂 is in March, and I told the birthday fairy 🧚 that the only birthday present I want is a criminal felony trial for TSF. I was hoping it would be the DC trial, but since that's on hold, I really need the hush money 🤫💰 trial to start in March. And that damned 🧚 better come through for me, if she knows what's good for her! 😉

FakeNoose

(32,658 posts)
21. Next up: Chump sues Alina Habba for $355 mill - malpractice
Fri Feb 16, 2024, 04:34 PM
Feb 16

"It's all her fault, I could have won this case if I'd had a decent lawyer!"



SergeStorms

(19,204 posts)
87. All the decent lawyers....
Fri Feb 16, 2024, 07:26 PM
Feb 16

won't even answer his calls anymore. It's not just the money, either. Trump is the absolute worst client an Attorney could have. He won't keep his mouth shut when he should, he threatens judges and the prosecution, he's a nightmare for any Attorney.

That's why he has to settle for the dregs of the legal profession. Any Attorney can only take Trump as a client for the publicity, and even that's highly suspect.

I love it. Such a stable genius and he's his own worst enemy.

mahatmakanejeeves

(57,514 posts)
22. From the Washington Post:
Fri Feb 16, 2024, 04:40 PM
Feb 16
LIVE UPDATES
Judge orders Trump to pay more than $350 million in N.Y. civil fraud trial
Updated 3 min ago



Donald Trump and Justice Arthur Engoron of the New York Supreme Court listen to opening arguments during the civil fraud trial against Trump and his company in New York on Oct. 2, 2023, in this courtroom sketch. (Jane Rosenberg/Reuters)

{snip}

dlk

(11,572 posts)
26. Not being able to borrow money will be devastating
Fri Feb 16, 2024, 04:46 PM
Feb 16

Given the depth and breath of Trump’s fraud, however, I think the ban should have been longer.

twodogsbarking

(9,767 posts)
28. I would like to take this opportunity to thank the Judge and all who helped with this and also
Fri Feb 16, 2024, 04:47 PM
Feb 16

to note that the SF 49ers played great in the SB and were tied causing the OT. I think I am the first to note this.

Also, the news reporters may pee themselves from trying to hold back smiles. Pee on.

PortTack

(32,779 posts)
42. not be a billion, but it will severely restrict his ability, and his grifting kids to do business in NY, or anywhere
Fri Feb 16, 2024, 05:00 PM
Feb 16

riversedge

(70,249 posts)
33. Trump civil fraud trial live updates: Judge fines Trump $354 million The former president was found to have defrauded l
Fri Feb 16, 2024, 04:52 PM
Feb 16

I like to see the word fraud in the title!



Trump civil fraud trial live updates: Judge fines Trump $354 million

The former president was found to have defrauded lenders.


https://abcnews.go.com/US/live-updates/trump-fraud-trial/?id=103642561


By Peter Charalambous and Aaron Katersky


Last Updated: February 16, 2024, 2:06 PM



Former President Donald Trump has been fined $354 million in a civil fraud lawsuit that could alter the personal fortune and real estate empire that helped propel him to the White House.

Trump, his sons Eric Trump and and Donald Trump Jr., and other top Trump Organization executives were accused by New York Attorney General Letitia James of engaging in a decade-long scheme in which they used "numerous acts of fraud and misrepresentation" to inflate Trump's net worth in order get more favorable loan terms. The judge in the case ruled in a partial summary judgment that Trump had submitted "fraudulent valuations" for his assets, leaving the trial to determine additional actions and what penalty, if any, the defendants should receive.

The former president has denied all wrongdoing and his attorneys have argued that Trump's alleged inflated valuations were a product of his business skill.

BlueKota

(1,761 posts)
68. Wonder if they will sell the toilets
Fri Feb 16, 2024, 05:50 PM
Feb 16

from the bathroom that had stolen top secret documents in it at Mara Lago?

They could be of significant historical value in the future. I can see the title of the museum exhibit now. " How a Former President, got flushed." 😁

Jarqui

(10,126 posts)
38. $543 mil is what Trump needs for appeal of this case
Fri Feb 16, 2024, 04:57 PM
Feb 16

with 9% interest prejudgement
and with 12% interest for appeal bond

Add $98.3 mil for EJ Carroll

~$640 mil spanking

that is going to hurt.

Comfortably_Numb

(3,809 posts)
40. Wonder how many times the Shitty grifter has re-thought that decision to run for President.
Fri Feb 16, 2024, 04:58 PM
Feb 16

I hope his guts are rotting due to stress. Orange pustule.

twodogsbarking

(9,767 posts)
41. This is getting interesting. What will the Trump clan do now?
Fri Feb 16, 2024, 05:00 PM
Feb 16

Come on Republicans, spend your last dollar on Trump. It will be worth it. Trust me.

ificandream

(9,376 posts)
43. I love the fact Donny Jr. and Eric can't do business in NY State for two years.
Fri Feb 16, 2024, 05:01 PM
Feb 16

What will they do? (Well, we know what Donny Jr. will do...)

nitpicked

(265 posts)
48. Well that just preempted local news
Fri Feb 16, 2024, 05:03 PM
Feb 16

And its focus on ""will DC be paralyzed by 2 inches of snow?".

((never mind the House...))

electric_blue68

(14,915 posts)
98. Bwah! I actually get this - I was staying overnight in DC back in Dec '93 bc...
Sat Feb 17, 2024, 12:08 AM
Feb 17

I had gone to visit the White House (possibly the first time of 2) to see the Clinton's Salute to American Crafters where they had 6 trees each holding ornaments made all (or mostly) of one material: fiber, paper, ceramics, wood, glass, or metal.

I was at my cousin's wife's mother's house in Georgetown. Now I was going to museums, and stuff.
Heard there was going to be snow (oh, "joy" ) but it was supposed to start mid-late morning. But it started earlier so there was an inch on the ground as I walked to the local bus by mid morning. Wearing sneakers.
By the time I'd gone to one Museum, and was taking The Metro to something else around 3P there were crowds of people bc they'd let the non essential Federal workers go home.

I guess it was about "3 inches by then. I had a chuckle bc NYC/NE but it's understandable. And it was about 4+ inches by the time I going back to Union Station.

LiberalFighter

(50,960 posts)
49. I wonder how much it is with the interest included?
Fri Feb 16, 2024, 05:05 PM
Feb 16

$168,040,168 — interest beginning 4 Mar 2019
$126,828,600 — interest beginning 11 May 2022
$ 60,000,000 — interest beginning 26 June 2023
$354,868,768 — Total not including interest

Eric Trump
$4,013,024 — interest beginning 11 May 2022

Donald Jr
$4,013,024 — interest beginning 11 May 2022

ffr

(22,671 posts)
50. Alarms should be going off at IRS about now. How much has TFG defrauded U.S. Taxpayers?
Fri Feb 16, 2024, 05:06 PM
Feb 16

And how much has he contributed, beside the $6-8 Trillion he and republicans added to the deficit between 2017 and 2021, to the public debt owed by the United States?

TexasBushwhacker

(20,204 posts)
67. Yes. I know his businesses are conplex
Fri Feb 16, 2024, 05:44 PM
Feb 16

Multiple partnerships and corporations. The thing is, he would be required to keep his books by accrual basis, which means a bill is recorded when it's received, not when it's paid. Considering that we know he is notorious for not paying his bills, did he record those bills as expenses and then NOT pay them? That would effectively raise his taxable income. If the IRS believes fraud was committed, they can go back DECADES. He could lose EVERYTHING in back taxes, interest and penalties.

MichMan

(11,939 posts)
111. Congress is just as responsible for deficit spending
Sat Feb 17, 2024, 03:44 PM
Feb 17

Last edited Sat Feb 17, 2024, 06:02 PM - Edit history (1)

A president can't spend without their authority

ShazzieB

(16,432 posts)
86. Let them love him all they want. 😠
Fri Feb 16, 2024, 07:24 PM
Feb 16

And let them believe whatever they want. Seriously,who cares? I'm convinced their numbers are dwindling more and more as time goes on. Yes, there are still some fanatical cultists out there, but even fanatical cultists only get one vote each.

I'm done caring about what his cultists think, and I don't believe there are nearly enough of them left to win this election for him.

He's going down...down...down...down...

Justice matters.

(6,935 posts)
61. They run away from the smelly con artist as fast as they can...
Fri Feb 16, 2024, 05:38 PM
Feb 16

Melania just said goodbye to her inheritance

ArizonaLib

(1,242 posts)
59. So will the MSM polls finally change
Fri Feb 16, 2024, 05:35 PM
Feb 16

or will it continue to be a statistical tie or a dead heat? Or is Biden's age still going to be a bigger factor than Trump's crimes and punishment?

tom_kelly

(961 posts)
60. I hope he the orange guy
Fri Feb 16, 2024, 05:37 PM
Feb 16

has to sell that airplane. I'm sick of seeing it when I drive past the West Palm Beach airport

flying-skeleton

(697 posts)
64. Not enough !!
Fri Feb 16, 2024, 05:41 PM
Feb 16

It just knocks 15-18% of his net worth. And he'll just appeal away for 3 years to run out the clock!!

Warpy

(111,285 posts)
73. It's on the high end of what was asked for by the DA
Fri Feb 16, 2024, 06:13 PM
Feb 16

so I count it as a win. The part that will hurt is unloading any and all businesses he's still involved in there, like that white elephant of a "wildlife refuge" with mansion that his gun happy idiot sons are so fond of. I think it's rented out most of the year to corporate conferences, definitely not a residence.

He'll cry foul and vendetta and try to appeal, so it's going to be a while before he has to shed his businesses completely.

He'll be fun to watch in the meantime.

llmart

(15,541 posts)
82. So he's banned from doing business in NY and so are his sons.
Fri Feb 16, 2024, 07:06 PM
Feb 16

I just have to ask, who in tarnation would EVER want to do business with him again after all of the details of his fraud are out there for everyone to see? There are plenty of people in New York who hated him for years and anyone who did business with him and was stiffed probably spread the word around too. I actually know someone who's family member was out $24K years ago and also lost his job because of it.

Only another crook would glom onto him now.

BlueKota

(1,761 posts)
83. Question?
Fri Feb 16, 2024, 07:06 PM
Feb 16

If Donny doesn't have the funds to appeal, or loses the appeal, does NY State get the money or the clients he defrauded?

Mr. Evil

(2,851 posts)
88. Seeing that most everything he owns (technically) is highly leveraged...
Fri Feb 16, 2024, 07:35 PM
Feb 16

I'm thinking by this time tomorrow banks and whatever other entities he owes money to will be calling in those loans. They want to get theirs before New York gets it. Should that happen, he's totally fucked. No lube, no foreplay, just totally fucked!

BWAAAHAAAHAAHAHAHAHAHA!

catbyte

(34,409 posts)
92. I wish the IRS would go after him, but they probably think that's "too political" even though
Fri Feb 16, 2024, 09:31 PM
Feb 16

he's so goddamned crooked that when he croaks they're gonna have to screw him into the ground.

KY_EnviroGuy

(14,492 posts)
93. A bit too big for Go Fund Me, what say Donny?
Fri Feb 16, 2024, 11:06 PM
Feb 16

He'll grift off all these court decisions until the day he dies and his kids will take over after that event. They can always start a new corporation in Florida and sell tickets to tours of Mar-Orange-Largo, just like Graceland.

Congratulations to Attorney General Letitia James, Judge Engoron and all their staff personnel who persevered in the name of justice through this horrible shit-show of threats and public insults......

BigmanPigman

(51,611 posts)
96. And I STILL hear the spawn referred as "his boys", even on MSNBC
Fri Feb 16, 2024, 11:33 PM
Feb 16

Boys?!?!?!? They are middle age!

The media is complicit, even MSNBC. Fuck them all!!!!!

Aussie105

(5,405 posts)
101. Couple of questions:
Sat Feb 17, 2024, 06:49 AM
Feb 17

Using two sets of values on a property to gain some advantage is a simple and easily detected example of fraud.

Why did it take this long to uncover this?

More importantly:

When will banks which loaned him money ask for their money back?

When does the fire-sale of Trump's assets start?

What will such a fire-sale do to NY real estate values?

Who is going to clean up all the MAGAT exploding brains?

AND . . . FOX NEWS . . . what slant can they come up with for this turn of events?

OverBurn

(951 posts)
114. Was hoping for the business "death penalty", but little victories are good too. On to the next trial, asshole.
Sat Feb 17, 2024, 05:59 PM
Feb 17
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