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[-] Oderus@lemmy.world 71 points 9 months ago

Lol.. good luck getting Trump to pay up. He's a renown dead beat who never pays anyone. Even Rudy Giuliani is now realizing this and has spoken out.

[-] gregorum@lemm.ee 41 points 9 months ago

If he doesn’t, the state of New York will simply start seizing his property. If anything, the state of New York has proven that they’re not fucking around anymore.

[-] Oderus@lemmy.world 22 points 9 months ago

Trump losing Trump tower would be epic but I won't hold my breath.

[-] RunningInRVA@lemmy.world 15 points 9 months ago

He likely will when the fraud suit against him is done.

[-] gregorum@lemm.ee 5 points 9 months ago* (last edited 9 months ago)

Does he even own it? I think it’s owned by someone else and they just license his name. He may have a stake (percentage) still, but I don’t think he even still owns a majority share.

[-] MisterD@lemmy.ca 16 points 9 months ago

N.Y. might be seizing the property regardless with the results of the real estate fraud case.

Wouldn't the state take the property and say Trump doesn't own it. Therefore Trump would be forced to sell OTHER properties to pay Carroll.

[-] gregorum@lemm.ee 4 points 9 months ago

That could be possible. And delicious.

[-] Son_of_dad@lemmy.world 1 points 9 months ago

I wish I could believe the authorities would have the balls to do their job and enforce laws and judgments against wealthy rapists, but they generally don't

[-] gregorum@lemm.ee 6 points 9 months ago

i mean... you're currently commenting on an article about Trump having been successfully prosecuted twice and what the plaintiff is going to do with the money from her judgement... so, the authorities did do their jobs in this case.

[-] Bipta@kbin.social 1 points 9 months ago

A state is run by people and that can easily change. I don't think they're likely to seize assets before appeals.

[-] SaltySalamander@kbin.social 6 points 9 months ago

If Trump wants to appeal, he has to put the entire judgement amount, plus 20%, into escrow.

[-] DarkDarkHouse@lemmy.sdf.org 5 points 9 months ago

If he wants to appeal, Trump will have to put up the assets for an appeal bond himself.

[-] formergijoe@lemmy.world 8 points 9 months ago

He's appealing, so he has to put the money plus extra in a court controlled account. The court will pay her if he loses the appeal.

[-] homesweethomeMrL@lemmy.world 41 points 9 months ago

No need to focus on her - she can buy 83 Million dollars worth of bubblegum if she wants to.

[-] FlyingSquid@lemmy.world 30 points 9 months ago

Except this will piss Trump off even more. She's proving that she's not trying to enrich herself in any way.

[-] TheOneWithTheHair@lemmy.world 28 points 9 months ago* (last edited 9 months ago)

Trump is the sort of 'patriot' who will declare bankruptcy rather than pay the court damages awarded by the legal system. I feel for her.

[-] admiralteal@kbin.social 29 points 9 months ago* (last edited 9 months ago)

You cannot use bankruptcy to escape a court judgement. Judgements are among the highest-priority debts in a bankruptcy proceeding and would be among the first to be discharged. Trump's wealth may be largely fake, but he certainly has the money for this judgement just in the form of his real estate holdings. Aint escaping it. Her worst case is getting a lien, which would honestly be hilarious against a "real estate mogul".

You CAN be a deadbeat, but the debt continues to exist and new lawsuits can claw resources from you any time the plaintiff is able to identify them.

Not a great system, but this particular loophole does not exist.

[-] dhork@lemmy.world 6 points 9 months ago

And conviently enough, due to another, larger judgement, all of the Trump Org's assets are being overseen by a court-appoitned monitor right now. I will bet his personal assets are so intertwined with the Trump Org's assets that he can't really separate them. There really won't be any way to avoid this.

And I bet he is only funding his current lifestyle on campaign donations at this point. If he loses the election, watch for him to immediately file for 2028, just to be able to continue to "campaign" (which is really code for "cover all my living expenses while campaigning").

[-] rigatti@lemmy.world 5 points 9 months ago

What do you think is the timing on it? Can he delay forever like he does with everything else?

[-] gregorum@lemm.ee 13 points 9 months ago* (last edited 9 months ago)

Trump claims that he’s going to appeal, but in order to do that in NY, he must place 120% of the judgment amount into an escrow account until the appeal is complete. Since he’s definitely going to lose, at that point, the state would simply give the money to Carroll. It may be the most certain way that he’ll pay. 

Edit: 120 to 100

edit 2: 100 to 120

[-] Bipta@kbin.social 3 points 9 months ago

Why 120%? To cover the interest that will accrue during the process?

[-] gregorum@lemm.ee 2 points 9 months ago

Typo. I meant 100%. I fixed it.

[-] SaltySalamander@kbin.social 6 points 9 months ago

You were correct the first time. It's 120%.

[-] gregorum@lemm.ee 2 points 9 months ago
[-] jballs@sh.itjust.works 2 points 9 months ago

Why 120%? To cover the interest that will accrue during the process?

[-] gregorum@lemm.ee 2 points 9 months ago* (last edited 9 months ago)

sorry I didn’t answer before— I don’t know why 120%.

edit: according to some others who have answered this: it’s to cover any interest which might accrue during the appeal process.

[-] jballs@sh.itjust.works 2 points 9 months ago

Lol I was just joking around. Another article mentions it's to cover interest.

[-] gregorum@lemm.ee 2 points 9 months ago

oh, no I felt bad that I didn’t answer the last person who asked because I got confused.

is it to cover interest? one would think that the holding institution would do that, but it makes sense that that shouldn’t be the ones responsible in a trust/escrow situation. I thought it might be a court fee situation, but a percentage amount wouldn’t make sense for that.

thanks for doing the research!

[-] jballs@sh.itjust.works 2 points 9 months ago

In fairness, I didn't actually do the research. Just saw this comment on another thread:

https://lemmy.world/comment/7112583

[-] gregorum@lemm.ee 2 points 9 months ago

That is fair

[-] gregorum@lemm.ee 1 points 9 months ago* (last edited 9 months ago)

sorry I didn’t answer this earlier— I don’t know why 120%

edit: according to some others who have answered this: it’s to cover any interest which might accrue during the appeal process.

[-] admiralteal@kbin.social 2 points 9 months ago

He can definitely delay so long as there are appeals tied up. After that, every time he digs in his heels it's another round of lawsuits until a court has the balls to hold him in contempt and put him in jail or else order asset seizure through a cooperative bank or the like.

[-] obviouspornalt@lemmynsfw.com 1 points 9 months ago

He has to post the entire judgement amount plus a little extra in order to file an appeal.

[-] Mac@mander.xyz 1 points 9 months ago

I don't think he has forever left in him. Lol

[-] tsonfeir@lemm.ee 2 points 9 months ago

Right along side student loans.

[-] PeepinGoodArgs@reddthat.com 9 points 9 months ago

That's just business as usual.

[-] Subverb@lemmy.world 22 points 9 months ago

We all know he will drag this out forever. They may both die before he pays a nickel, escrow or not. But I hope I'm wrong.

[-] ninjan@lemmy.mildgrim.com 18 points 9 months ago

Well if I understand process correctly the first $5 million that he was forced to put in escrow for the appeal he just lost should be hers within the month. The large sum however will likely take years at the minimum.

[-] tsonfeir@lemm.ee 7 points 9 months ago

After the verdict on Friday, Mr. Trump, issued a new attack on social media: “Our Legal System is out of control, and being used as a Political Weapon.”

RvW enters the chat.

[-] autotldr@lemmings.world 5 points 9 months ago

This is the best summary I could come up with:


As soon as E. Jean Carroll heard the verdict on Friday — $83.3 million in defamation damages against Donald J. Trump — a world of possibility opened before her: How to use the money?

Ms. Carroll, appearing relaxed and happy in her lawyers’ offices on Saturday, spoke in her first interview since the Manhattan jury’s award in her favor a day earlier.

Ms. Carroll, 80, sued Mr. Trump, 77, for defamation after he called her a liar in June 2019, when she first publicly accused him, in a magazine article, of sexually assaulting her in a Bergdorf Goodman dressing room decades earlier.

After the verdict on Friday, Mr. Trump, issued a new attack on social media: “Our Legal System is out of control, and being used as a Political Weapon.” But he avoided criticizing Ms. Carroll, a silence that spoke volumes.

Ms. Carroll praised the lawyers who have litigated her cases for more than four years, resulting in jury awards that have totaled nearly $90 million.

As Ms. Carroll and her lawyers defend their verdicts on appeal and continue to fight to obtain the full judgment, she said she felt inspired to use the money to make real changes.


The original article contains 988 words, the summary contains 199 words. Saved 80%. I'm a bot and I'm open source!

[-] Wolf_359@lemmy.world 4 points 9 months ago

As a Trump-hating liberal Democrat, I wish there were more evidence against him for this. Not the defamation - he quite obviously did that - but the sexual assault.

It's such a touchy subject because many people don't come forward for years or decades after it's happened. But your ability to mount a defense against an accuser diminishes over time, which is why we have statutes of limitations.

What were you doing 30 years ago today? Prove it.

Carroll didn't seem to have a lot of great evidence. My understanding is that alleges that she told two friends and that's it. Seems unethical to say he did it for sure without a bit more proof. That's all I'm saying.

I'd like to get Trump on things he's definitely done. He's done plenty of horrible shit. Every time we get him on something that toes the line or isn't proven, he's going to get a boost in the polls.

[-] tygerprints@kbin.social -1 points 9 months ago

I'm excited and happy for her victory over this orange-faced monster, and I have a suggestion for doing something good with the money. Hire some cartel somewhere (because apparently we citizens are too cowardly) to walk up and shoot him in the face on 5th Avenue.

There could be no greater good or delicious irony to come from this whole thing.

this post was submitted on 28 Jan 2024
246 points (98.0% liked)

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