...said he is worth $10,000,000,000 (with a 'B')...but can't.....

[citygator]

Average net worth of an 80 year old is $1.5M. Trump’s fine is equivalent to about $50k. Every $1.5M person I know has $50k liquid easily.

 

[X.Onasis]

KatiePhang

REMINDER: You CANNOT discharge debt obtained through fraud by filing for bankruptcy.

 

[Vrenn]

FPOTUS#45 under oath at a deposition he had $400 million in cash and growing.

That means he only needed a bond for $100 million.

Or he lied under oath.

WW

That 400 mil can't be used since he can't touch campaign funds. Rump was running for election when he should have been running for his life.

 

[WorldWatcher]

You clearly don't understand how siezed property works. How do figure the state could ever come ahead? If the government loses on appeal they do not recoup their maintenance costs. With something like property those costs run up quickly.

When a government entity seizes property they don't have much in the way of maintenance costs like you imply for years.

When a government entity seizes property as payment for a court judgement the property is seized, then sold, the amount of the sale is then applied to pay off the Judgement. Any excess amount over the Judgement + Interest + Court Costs is returned to the entity the property was seized from.

* * IF * * gets to the point of seizure, the government won't be holding the property for years.

Now, if the government seizes and sells property, then later the case is reversed, that is a different kettle of fish.

WW

 

[WorldWatcher]

That 400 mil can't be used since he can't touch campaign funds. Rump was running for election when he should have been running for his life.

His claim of having $400M in cash wasn't campaign funds (which you are correct, can't be used to discharge personal debt). IIRC the last quarters campaign fund cash available was something like $30M in cash.

WW

 

[WorldWatcher]

Well okay... but if the city of NY takes away Trump incorporated and its holdings it will assure he wins in November... so knock yourself out... He is already beating Joe in every swing state... so if you want to toss in NY for him... I'm cool with that...

The city of NY is not involved in this case.

WW

 

[StoneCold]

Well okay... but if the city of NY takes away Trump incorporated and its holdings it will assure he wins in November... so knock yourself out... He is already beating Joe in every swing state... so if you want to toss in NY for him... I'm cool with that...

It's not the city, it's the state.
You've learned another fact. You're welcome.

His claim of having $400M in cash wasn't campaign funds (which you are correct, can't be used to discharge personal debt). IIRC the last quarters campaign fund cash available was something like $30M in cash.

WW

2022 POS45 had 88 pages of campaign cash violations with the FEC.
2023 200 pages of violations.
our 21st Century DOJ is on the case

 

[Tommy Tainant]

Or banks just don’t want to deal with him because he’s a liar.

I think that it is more than likely that Trump was able to secure the finance but found the terms of the loan too onerous.

Possibly he is using the situation as a grift to raise more free money for his many legal troubles.

Of course Trump is taking us into the grifters world. We are all learning as we move along.

But it looks like Rudy aint getting paid anytime soon.

 

[Lisa558]

No money needs to move from the buffoon. He just needed someone to accept his collateral as a guarantee. But this is a fine for his fraud, so he's having some difficulty with people who are not financial idiots, that's all.

A ridiculous fine for a civil violation that had no victim.

 

[Tommy Tainant]

You don't have a "fire sale" for multi million dollar properties... there is usually a bidding war on them... and a 800 sq ft apartment in NY is worth millions... this case will end up failing just like the Georgia case.. Trump just asked for a review of the judges ruling that fat Fani can remain on the case... so that is over... she will end up stepping aside or dropping the entire case....

You know that every step of this journey you people have forecast that trump would win. There was no case. Charges will be dropped, Trump would file against his accusers, they would all be sorry. No evidence, no case,

And you have been proven wrong at every step.

I am beginning to think that you people are making it up as you go along. That perhaps you arent top drawer legal and financial experts.

Maybe trump isnt playing 3D chess with the world ? Maybe he is just a grifter down on his luck.

 

[Tommy Tainant]

A ridiculous fine for a civil violation that had no victim.

The fine was based on the amount of money that he made from his fraud. If someone steals $100 then you dont fine them $10. That legalises their crime.

 

[Lisa558]

The fine was based on the amount of money that he made from his fraud. If someone steals $100 then you dont fine them $10. That legalises their crime.

Oh please. The “victim” was so pleased with the deal they made with Trump that they testified in his defense!

 

[Lisa558]

He could have a few of his rich friends lend him the money, but they know if they help Trump, the NY witch-hunt will turn on them too.

Welcome to North Korea.

 

[Tommy Tainant]

Oh please. The “victim” was so pleased with the deal they made with Trump that they testified in his defense!

So its ok for trump to profit from fraud ?

 

[Lisa558]

So it’s ok for trump to profit from fraud ?

1) It wasn‘t fraud because the bank knew the precise value of his property, and decided to go ahead with the loan, for which they remain pleased: they made $100 million from the “fraud.”

2) Why is it OK when other NY real estate and other business moguls do the same thing? There’s never been this type of victimless “fraud” before, and it’s common practice in the upper echelons of lending.

 

[Tommy Tainant]

Na

1) It wasn‘t fraud because the bank knew the precise value of his property, and decided to go ahead with the loan, for which they remain pleased: they made $100 million from the “fraud.”

2) Why is it OK when other NY real estate and other business moguls do the same thing? There’s never been this type of victimless “fraud” before, and it’s common practice in the upper echelons of lending.

Name one.

 

[Lisa558]

Na

Name one.

Name one who HAS been.

 

[Chillicothe]

Because lots of what he has got is in assets rather than cash....

We know, FW, we know.

There’s never been this type of victimless “fraud” before, and it’s common practice in the upper echelons of lending.

Available link?
Or a QAnon conspiracy?
An Alex Jones fantagasm?

Show us, good poster Lisa.
Batter up!

 

[WorldWatcher]

You don't have a "fire sale" for multi million dollar properties...

FPOTUS#45 disagrees and uses the term himself.

WW
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.
.
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https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rIHo7Hll53jA/v0

 

[X.Onasis]

Oh please. The “victim” was so pleased with the deal they made with Trump that they testified in his defense!

You are mistaken to believe there were no victims of his fraudulent crimes. If someone robs a bank and gets caught going out the door, they still commit a crime even though they didn't make off with the money.

He paid lower rates on taxes, insurance, and loans by overwhelming auditors with bullshit and legal nonsense. Everyone else paid higher rates because of it. Everyone who paid higher taxes and rates for insurance and loans was his victim and he did it all his life. He's just now facing the consequences of constant and systemic fraud.

He was sued thousands of times by contractors for cheating them. It was his standard procedure to use the courts and lawyers to benefit by not paying them, threatening to delay with more lawsuits, and only then finally settling for pennies on the dollar.

He's left a trail of people and businesses bankrupted by his fraud and thievery. He benefited illegally for years by paying less in taxes because he lied about his income and the value of his properties. A couple of banks testifying they made money on the deals does not make up for the hundreds of millions that other banks lost financing his fraudulent schemes.

He used other people's and bank's money in all the businesses that went bankrupt. He even brags about that fact, claiming that he's never personally declared bankruptcy.
BFD. There were plenty of victims left in his wake of lies and deceit.
Residents of NY, NJ, and Conn have known this all his life.
Your biggest problem is believing him and his lies.
Just because he continues to claim he's being treated unfairly, doesn't make it true.

In con artist parlance, he's known as a "big splasher" and that's what's happening now.