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Trump Might Be Too Broke for a $175 Million Bond, Too (newrepublic.com)

submitted 7 months ago by MicroWave@lemmy.world to c/politics@lemmy.world

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A New York appeals court on Monday reduced the $454 million that former President Donald Trump was required to put up while he appeals his civil fraud case. Now Trump must put up, by April 4, a mere $175 million. The trouble is, he may not get a bond for that amount, either. Should that happen, this act of judicial mercy will end up feeling to Trump like a curse.

The stay deprives Trump of the only argument on which he was gaining any traction at all—that the amount the court required him to put up was excessively high. Four hundred and fifty-four million was indeed an unusually large judgment against a private corporation or individual. (The distinction between Trump and the Trump Organization is paper-thin.) Monday’s appeals court decision doesn’t reduce that judgment, as New York State Attorney General Letitia James pointed out in a written statement. But it does dramatically reduce the amount Trump needs to turn over to the state while he pursues his appeal. It also gives us some hint that the appeals court may reduce Judge Arthur Engoron’s $454 million judgment to, well, $175 million.

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[-] gravitas_deficiency@sh.itjust.works 137 points 7 months ago* (last edited 7 months ago)

I’m just completely flummoxed as to how judges keep playing right into Trump’s hand on shit like this and then expect the rest of the general public to treat them - and by extension, the entire court system - seriously.

Like, he’s got an obvious, provable, and systematic tendency to straight up not pay for shit, and it’s documented as a matter of public and legal record. It’s not a mystery. It’s not ambiguous. It’s not justifiable beyond “he doesn’t like giving money to people that are not himself”. It’s an unavoidably clear pattern and practice.

something something leopards eating faces

I’m glad he’s probably gonna get fucked on the appeal bond, but jesus tapdancing christ the amount of categorically unjustifiable lifelines he has repeatedly gotten handed to him by the courts is simply indefensible.

[-] jkrtn@lemmy.ml 58 points 7 months ago

He won't be fucked on the appeal bond, they will lower it and give him 30 more days. Laws are for poor people to obey.

[-] GlendatheGayWitch@lemmy.world 27 points 7 months ago

Republicans are good about showing up to every election and vote all the way down the ballot, which helps them pack the courts. They can then do things like this to give their party a better chance at winning an election.

[-] guacupado@lemmy.world 8 points 7 months ago

I don't think the judges even expect us to treat them seriously. At this point they're so far above us they don't even care anymore. Trump already put them in there. Short of dying, they aren't going anywhere.

[-] twistypencil@lemmy.world 6 points 7 months ago

Please explain the 🐆 part

[-] gravitas_deficiency@sh.itjust.works 21 points 7 months ago

It’s a frustratingly accurate trope

[-] themeatbridge@lemmy.world 114 points 7 months ago

That would be the absolute best outcome, because he cannot claim that he's been treated unfairly. The entire ~~justice~~legal system has bent over backwards to be accommodating. In a rational world, with reasonable people, it would matter.

[-] EdibleFriend@lemmy.world 89 points 7 months ago

They will just lower the amount again

[-] ZeroCool@slrpnk.net 58 points 7 months ago* (last edited 7 months ago)

Yep, I've always known that the rules don't apply to the rich but I had no idea that extends to people pretending to be rich too. Jesus christ I could've been pretending to be rich and doing whatever I want this whole time? Boy is there egg on my face!

[-] Cruxifux@lemmy.world 27 points 7 months ago

That only works if you come from a rich family though.

[-] nilloc@discuss.tchncs.de 9 points 7 months ago

Yup, because the first people you need to convince you’re rich, are the bankers. They lend you the money so you can buy the lawyers, suits, ties, and golf courses to convince the rest of the rubes.

[-] akilou@sh.itjust.works 22 points 7 months ago

That's exactly the lesson he learned yesterday. If you bitch and moan and threaten to not pay they money, it'll get reduced. Why not do it again?

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[-] snooggums@midwest.social 55 points 7 months ago

That would be the absolute best outcome, because he cannot claim that he’s been treated unfairly.

You mean the thing he has baselessly claimed for the last 10 fucking years?

[-] reverendsteveii@lemm.ee 22 points 7 months ago

because he cannot claim that he’s been treated unfairly

lol watch him

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[-] Son_of_dad@lemmy.world 62 points 7 months ago

He's gonna talk his way down to where he ends up paying Jack shit and gets away with this shit once again

[-] NotMyOldRedditName@lemmy.world 27 points 7 months ago* (last edited 7 months ago)

This is a bond for the appeal. The court could decide to make it $0.00 but he still owes the full amount if he loses the appeal.

And even if he paid the full 454mil to appeal, he still gets it back if he wins.

[-] maynarkh@feddit.nl 31 points 7 months ago

if he loses the appeal.

By the time that happens, he might be in the Oval Office again. That means he can just sell a few more state secrets to the Saudis, or straight up just not pay, cause some constitutional crisis and a civil war.

He prefers that to paying.

[-] jkrtn@lemmy.ml 24 points 7 months ago

I don't want him to have extra time to hide assets, which he will do. I am also appalled at the double standards of justice, now on display with a giant searchlight pointed towards them.

[-] Badeendje@lemmy.world 16 points 7 months ago* (last edited 7 months ago)

Well that he gets it back if he wins is part of the grounds for the appeal.

If you force someone to liquidate and then he is found not guilty, the harm this has caused can/will outweigh the potential punishment many times over.

So see that separate from the case and the person, that cannot be right.

Don't get me wrong, I feel no sympathy at all for defendant trump, but in general the punishment should be the punishment.

[-] FlowVoid@lemmy.world 20 points 7 months ago

In general, the trial judge is presumed to have determined the right punishment.

There are plenty of people in jail who are appealing their punishment. If they win, they will still never get back the time they already served. That harm has been done.

You seem to be suggesting that every defendant is entitled to exhaust all their appeals before any "harm" is done, but such a system is unworkable.

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[-] intensely_human@lemm.ee 12 points 7 months ago

The law is a machine we all pass through. We don’t want to change the machine just because an enemy is passing through it right now.

[-] bartvbl@lemmy.world 8 points 7 months ago

But as has been established, he shouldn't have had this money in the first place. The fine is based on how much he over inflated the value of his property to get bigger loans. Had he not done so he may well have been bankrupt already.

[-] Badeendje@lemmy.world 8 points 7 months ago

True, the whole "victimless crime" stick is nonsense. Because if all the real estate world is lied together like this, the general population pays waaayyyy to much for their real estate and rent in addition to missing out on so much tax revenue.

[-] intensely_human@lemm.ee 8 points 7 months ago

It’s fraud. When money changed hands under false pretenses, harm’s been done. Somebody’s missing money that’s rightfully theirs.

I don’t know anything about this case. Didn’t know there was real estate stuff involved I thought this was the secret documents thing.

But that’s straightforward. Taking money that isn’t rightfully yours is not a victimless crime, in the way that owning pot is a victimless crime.

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[-] InternetUser2012@midwest.social 8 points 7 months ago

The only semi good thing we have is that he's old. He's clearly losing his shit, and broke. It won't be long before he's either six feet under from a McHeartattack or laying in a bed not able to recognize his own family. I hope it's long and painful.

[-] brygphilomena@lemmy.world 8 points 7 months ago

I hope it quick and soon.

I'm sick of playing this game. He is a clear threat to democracy and America itself.

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[-] Burn_The_Right@lemmy.world 42 points 7 months ago

Then the court will lower it again for him.

[-] FenrirIII@lemmy.world 21 points 7 months ago

"That'll be $3.50."

[-] Cavemanfreak@lemm.ee 11 points 7 months ago

God damnit Loch Ness monster!

[-] pigup@lemmy.world 6 points 7 months ago

"Well it was about this time I noticed that this girl scout was about 8 stories tall and was a crustacean from the protozoic era!"

[-] CileTheSane@lemmy.ca 7 points 7 months ago

"WITCH HUNT! SO UNFAIR!"

[-] Seasoned_Greetings@lemm.ee 9 points 7 months ago* (last edited 7 months ago)

I think once they've done it the first time this outcome is pretty much inevitable. The sad thing is that they only have to do it once before it becomes expected of them by Trump's party. To them it's vindication that the system is just out to get them when they say, "We could have charged you what you actually owe but we can also lower it for no reason instead of throwing you in jail"

[-] PhAzE@lemmy.ca 35 points 7 months ago

Don't get your hopes up. This guy wriggles through everything. He knows who to buy.

[-] Artyom@lemm.ee 32 points 7 months ago* (last edited 7 months ago)

Great, sound like it won't hurt to raise it back to the $454 mil it should be at.

[-] infinitevalence@discuss.online 27 points 7 months ago

But he's rich, worth billions, and he's the perfect kind of criminal to bond why would he have issues?

[-] floofloof@lemmy.ca 15 points 7 months ago

If life has taught Trump anything, it's that he never has to pay.

[-] Nunar@lemmy.world 24 points 7 months ago

We're all very much hoping so.

[-] underisk@lemmy.ml 24 points 7 months ago

One day I hope to be as broke as Donald Trump; where nearly 200 million dollars “might” be unobtainable.

[-] PrincessLeiasCat@sh.itjust.works 16 points 7 months ago

Guess we gotta shop around for another judge to lower it further.

[-] Jaysyn@kbin.social 13 points 7 months ago

His net worth just hit $6B due to the pump & dump scheme that is Truth Social.

[-] DrBob@lemmy.ca 13 points 7 months ago

None of that is liquid though. He's locked into the holdings for six months while the stock freefalls from the IPO. If the majority stockholder is going to be selling shares during the initial offering you bet your panties that has to be disclosed.

[-] twistypencil@lemmy.world 7 points 7 months ago

Unless he gets an exception from the board. Guess which Trump offspring are on the board

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[-] ShittyBeatlesFCPres@lemmy.world 9 points 7 months ago

He’s gonna have the money even if he’s cash-poor: https://www.reuters.com/world/us/billionaires-sought-help-fund-trump-bond-civil-fraud-case-sources-say-2024-03-26/

[-] Cruxifux@lemmy.world 19 points 7 months ago

Here’s how I’d see it if I was a billionaire.

You have a chance to throw a few million dollars of chump change to you to get in good with who might be the first fascist dictator of the United States. Then that man owes you a favour, or at least you are on his good side. Seems like a no brainer.

[-] jkrtn@lemmy.ml 8 points 7 months ago

You literally need to have no brain to think Donald will honor a debt or a favor.

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[-] baru@lemmy.world 8 points 7 months ago

Then that man owes you a favour, or at least you are on his good side.

Trump often doesn't abide by anything. Doesn't pay contractors for example. Just takes, doesn't give. Loads of lawyers did favours for Trump, loads of those lawyers cannot practice anymore. It doesn't sound like a good idea to me to hope that Trump might return a favour.

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this post was submitted on 26 Mar 2024

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