Then the court will lower it again for him.
this post was submitted on 26 Mar 2024
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He's gonna talk his way down to where he ends up paying Jack shit and gets away with this shit once again
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.
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.
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.
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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.
That is actually a good point. Thanks.
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One day I hope to be as broke as Donald Trump; where nearly 200 million dollars “might” be unobtainable.
Don't get your hopes up. This guy wriggles through everything. He knows who to buy.
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/
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.
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Guess we gotta shop around for another judge to lower it further.
His net worth just hit $6B due to the pump & dump scheme that is Truth Social.
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.
But can't he just get a loan for the stock and skip the 6 months AND skip paying taxes too?
No, the same agreement that prevents selling shares also prevents using them as collateral.
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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.
Same
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?
They will just lower the amount again
Layaway Don
Oh shucks, how did this bar get all the way up there?
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!
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Great, sound like it won't hurt to raise it back to the $454 mil it should be at.
But he's rich, worth billions, and he's the perfect kind of criminal to bond why would he have issues?
If life has taught Trump anything, it's that he never has to pay.
We're all very much hoping so.