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this post was submitted on 25 Mar 2024
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Why am I only mildly surprised?
The thing people forget, half of NY's "real estate moguls" probably commit the same fraud, perhaps to a lesser extent and Broke Don was just caught with his pants down. But those business folk are of course whispering everywhere that this ruling could bankrupt NYs real estate market...
I do find it rather strange how it is worded "an appeals court has decided" ... so is this ANOTHER appeals court that is meddling with the court case of the original court and the upcoming appeals court? Or are/will these be the same folks who will decide on the coming appeal case? If the latter I will start assuming they'll throw the judgement out on a technicality ("the business in question is now located in Florida so there is no jurisdiction in NY" Or something lame like that)
Also it is unclear to me what their decision is based on, if the law states that on appeal a bond for the full amount needs to be met, how can they lower it just like that? Especially since Broke Don claims to swim in Billions of dollars... I can see the REASONING of wanting to lower it but I would think the law does not give leeway on it.
I could only think of just allowing a seizure of the assets but blocking them from sale while the appeal goes up, that seems a lot fairer than what they did here.
Frankly I am stunned how more and more explicit the justice system is openly breaking the US laws just to keep Broke Don in the saddle... is there anyone who can really stop them doing that?
Meanwhile I will not be surprised if the appeal for this case, and others will just get delay stacked on delay until well beyond the elections, probably stuffing it all in 2025. This under the feared and silent assumption the dictator from day 1 will have his Golden Throne from which he will excrete his decrees of revenge under his claimed full authority, impunity and immunity.
The law doesn't matter, it doesn't enforce itself.
The judges wanted it lowered for reasons, and so they lowered it.
The entire system is a lot more about people than most want to admit. The magic words on a page somewhere only exist to serve those in power, never to force them to do something they don't want to do.