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Trump ordered to pay nearly 355 million in NY fraud case.

Subduction Zone

Subduction Zone

Veteran Member
Laniakea said:
Oh my!
Three short lines and you didn't understand what I said?
I guess I'll have to shorten my posts for the short of
Click to expand...
It does not look good for you if you claim to have such a bad understanding of the process and to also be an adult. You should not accuse others of not understanding your posts.

As an adult you really should know better.
 
Laniakea

Laniakea

Not of this world
Subduction Zone said:
It does not look good for you if you claim to have such a bad understanding of the process and to also be an adult. You should not accuse others of not understanding your posts.

As an adult you really should know better.
Click to expand...
Where have I claimed to not have a good understanding? The only thing I'm not understanding is how you can believe that I'm wrong.
 
Subduction Zone

Subduction Zone

Veteran Member
Laniakea said:
Where have I claimed to not have a good understanding? The only thing I'm not understanding is how you can believe that I'm wrong.
Click to expand...
You have constantly shown yourself to be wrong by complaining about the wrong things. Let's take Carroll's 83 million dollar win against Trump. That was not for damages. That was almost all for punitive fines. Trump himself showed that 5 million was far too low when it came to punishment. In case you did not know one of the goals of punishment is to keep a wrong from being done again and again. And even now he has come very close to attacking Carroll yet again. That shows that even the $83 million may not have been high enough. Perhaps Trump will be able to lower that a bit if he makes it clear that he understands what he did wrong and will not do it again. When he keeps claiming "I did nothing wrong" he hurts his case as far as that penalty goes.

Or his $355 million dollar penalty in his New York Fraud case. That was not political. The Trump was and ongoing cheat was rather well known. The penalties in this case are allowed by that law. They are called disgorgement. That is where the state strips someone from ill gotten gains. Do you know what those are? Let's say that a person has an illegal bookmaking business besides his real business. Disgorgement would be a a major fear for that bookie because if he was found to be guilty the court could go through all of the money that he made in book making deals and take that money back as ill gotten gains. Money that he would not have had if he had followed the law. The decision that the judge made is very long. And in it he goes though deal after deal to show how much money Trump made from his fraud. That is the money that is being "taken back". He would not have made that money if he did not cheat. It was not his money to start off with so it is different from a traffic ticket or other fine. And the interest on that which is about $100 million is dated to when each deal occurred. So a deal from last year will not have accrued nearly as much as one from ten years ago.
 
Jayhawker Soule

Jayhawker Soule

-- untitled --
Premium Member
The Washington Post article


notes:

A surety company might accept Trump’s properties as collateral, but that carries its own risks. Experts in issuing bonds may not be equipped to do their own investigations into Trump’s property values, and they may not know what his assets are really worth, according to New York trial and appellate attorney Mark C. Zauderer.​
Trump’s history of misrepresenting the value of his assets was the heart of the trial that resulted in the penalty he now faces.​
​
If Trump loses his appeal and doesn’t pay, the company would then have to try to get him to hand over the golf course, hotel or other property he had provided as collateral.​
​
“If the guy can give phony financial statements, he can give phony information to the bonding company,” Zauderer said, referring to Engoron’s finding in the case that the Trump Organization submitted false information to banks to obtain loans. “A bonding company who is going to put up several hundred million dollars here is not, in my opinion, going to do it easily.”​

On the other hand ...

Later this year, Trump may also be expecting a financial windfall from his social media company, Truth Social. Digital World Acquisition, a special-purpose acquisition company, recently won a critical approval from the Securities and Exchange Commission to merge with Trump’s media start-up, which could give Trump a stake of publicly tradable shares worth nearly $4 billion based on recent stock values.​

Whatever the answer, it's probably not the sale of tennis shoes.
 
Laniakea

Laniakea

Not of this world
Subduction Zone said:
You have constantly shown yourself to be wrong by complaining about the wrong things. Let's take Carroll's 83 million dollar win against Trump. That was not for damages. That was almost all for punitive fines. Trump himself showed that 5 million was far too low when it came to punishment. In case you did not know one of the goals of punishment is to keep a wrong from being done again and again. And even now he has come very close to attacking Carroll yet again. That shows that even the $83 million may not have been high enough. Perhaps Trump will be able to lower that a bit if he makes it clear that he understands what he did wrong and will not do it again. When he keeps claiming "I did nothing wrong" he hurts his case as far as that penalty goes.

Or his $355 million dollar penalty in his New York Fraud case. That was not political. The Trump was and ongoing cheat was rather well known. The penalties in this case are allowed by that law. They are called disgorgement. That is where the state strips someone from ill gotten gains. Do you know what those are? Let's say that a person has an illegal bookmaking business besides his real business. Disgorgement would be a a major fear for that bookie because if he was found to be guilty the court could go through all of the money that he made in book making deals and take that money back as ill gotten gains. Money that he would not have had if he had followed the law. The decision that the judge made is very long. And in it he goes though deal after deal to show how much money Trump made from his fraud. That is the money that is being "taken back". He would not have made that money if he did not cheat. It was not his money to start off with so it is different from a traffic ticket or other fine. And the interest on that which is about $100 million is dated to when each deal occurred. So a deal from last year will not have accrued nearly as much as one from ten years ago.
Click to expand...
Too long. I don't have time for long-winded posts.
Reader's Digest version, please (I said that as a polite interlocutor.)
 
Subduction Zone

Subduction Zone

Veteran Member
Laniakea said:
Too long. I don't have time for long-winded posts.
Reader's Digest version, please (I said that as a polite interlocutor.)
Click to expand...
LOL, You used the term "long winded" and then pretended to be polite. How cute!

But here is the TLDR version for you:

The second Carroll suit was mainly about how much to punish Trump for continuing to lie about Carroll. He was already shown to be guilty of that, no need to do so again. $5 million was not a big enough penalty so the jury upped it a bit. It may still not be high enough since he almost did it again.

Any questions before we move on?
 
Laniakea

Laniakea

Not of this world
Subduction Zone said:
LOL, You used the term "long winded" and then pretended to be polite. How cute!

But here is the TLDR version for you:

The second Carroll suit was mainly about how much to punish Trump for continuing to lie about Carroll. He was already shown to be guilty of that, no need to do so again. $5 million was not a big enough penalty so the jury upped it a bit. It may still not be high enough since he almost did it again.

Any questions before we move on?
Click to expand...
Yes.
Are you able to move on? Or will it require a 12 step program?
 
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