Jump to content

How much will Trump get fined today?


sleepy
 Share

Recommended Posts

  • Replies 187
  • Created
  • Last Reply

Top Posters In This Topic

1 minute ago, rdalert447 said:

The man is just incredible.  Birdies 18, finds 4 billion, and fucks Melania all within the span of 24 hours.  A legend the richest of athletes, musicians, actors, businessmen and politicians wish they were.

Link to comment
Share on other sites

Hey dipshits, read up!  Jimmy, explain why you were full of shit

 

NEW YORK — Donald Trump’s legal debts might now exceed a half-billion dollars.

 

A New York judge ordered Trump and his companies Friday to pay $355 million in fines, plus interest, after ruling that he had manipulated his net worth in financial statements.

 

The stiff penalty comes just weeks after Trump was ordered to pay $83.3 million to the writer E. Jean Carroll for damaging her reputation after she accused him of sexual assault. A separate jury last year awarded Carroll $5 million from Trump for sexual abuse and defamation.

 

Add interest payments on top of that and the judgments could deal a staggering blow to the personal fortune that remains core to Trump’s political appeal. He has adamantly denied wrongdoing and pledged to appeal, a process that could take months or even years.

In the meantime, here’s what we know about what Trump owes, whether he’ll have to pay up, and what comes next:

The verdict in the civil fraud trial requires Trump to pay interest on some of the deal profits he has been ordered to give up. New York Attorney General Letitia James, who brought the case, said the interest payments totaled $99 million and would “continue to increase every single day until it is paid.”

Between Friday’s ruling and the two judgments in Carroll’s case, Trump would be on the hook for about $542 million in legal judgments.

Trump owes another $110,000 for refusing to comply with a subpoena in the civil fraud case and $15,000 for repeatedly disparaging the judge’s law clerk in violation of a gag order. As part of Friday’s ruling, the judge also ordered both of Trump’s sons to pay $4 million apiece.

Trump’s court-ordered debts don’t end there. Last month, he was ordered to pay nearly $400,000 in legal fees to The New York Times after suing the newspaper unsuccessfully. He is currently appealing a judgment of $938,000 against him and his attorney for filing what a judge described as a “frivolous” lawsuit against Hillary Clinton.

 

It’s not uncommon for the size of judgments, particularly high-dollar amounts, to be reduced on appeals.

 

The appeal in Trump’s civil fraud case will go before an intermediate-level court first. If it returns an unfavorable ruling, Trump could try to get the case taken up by New York’s top appellate court, though legal experts say that is unlikely.

 

Trump has already deposited $5 million owed to Carroll for the first defamation case into a court-controlled account, along with an additional $500,000 in interest required by New York law. Carroll will not have access to the funds until the appeals process plays out.

 

He may soon be forced to do the same for the $83.3 million judgment in the second Carroll verdict. Alternatively, he could secure a bond and pay only a portion up front — though that option would come with interest and fees and likely require some form of collateral. Trump would have to find a financial institution willing to front him the money.

In the civil fraud case, it will be up to the courts to decide how much Trump must put up as he mounts his appeal. And he may be required to pay the full sum immediately after the appellate court rules, which could come as soon as this summer, according to University of Michigan law professor Will Thomas.

“New York’s judicial system has shown a willingness to move quickly on some of these Trump issues,” Thomas said. “When we hear from the first appellate court, that’s a point where money is almost certainly going to change hands.”

Trump has claimed he’s worth over $10 billion. Most estimates, including an assessment by the New York attorney general, put that figure closer to $2 billion.

In his 2021 statement of financial condition, Trump said he had just under $300 million in “cash and cash equivalents.” He has since made a number of sales, including his New York golf course and his Washington, D.C., hotel, and may also soon get a windfall when his social media company, Truth Social, goes public.

But even with those income streams, it’s unclear whether Trump and his family members have enough cash on hand to pay all the money they now owe.

Federal election law prohibits the use of campaign funds for personal use. But the rules are far murkier when it comes to tapping political action committees — or PACs — for a candidate’s expenses.

Over the last two years, Trump’s Save America political action committee, his presidential campaign and his other fundraising organizations have devoted $76.7 million to legal fees. Campaign finance experts expect Trump will try to spend PAC money to defray the cost of his judgments in some way.

“The likelihood of the Federal Election Commission in its current configuration pursuing these violations is not terribly great,” said Daniel Weiner, director of the Brennan Center’s Elections and Government Program.

Under the judge’s ruling Friday, Trump would still be liable to pay even if the Trump Organization declares bankruptcy. If Trump personally declared bankruptcy, the enforcement of the judgment against him would be paused. But political commenters say such a drastic step is unlikely.

Despite the fact that several of his previous companies have gone bankrupt, Trump has repeatedly bragged about the fact that he has never, personally, declared bankruptcy.

Legally, Trump would face the same consequences as any American refusing to pay a legal judgment, including the possibility of having his assets seized and his wages garnished.

“The president is not a king and the president’s assets are not sacrosanct just because he happened to be the president,” Weiner said.

On Friday, the judge overseeing Trump’s civil fraud case appointed an additional monitor to oversee the Trump Organization’s finances, finding they could not be trusted to follow the law. In the event that Trump refused to hand over payments, the courts would have additional discretion to go after Trump and his businesses.

“They have a huge amount of power particularly for someone like Trump who has physical assets inside the state,” Thomas, the law professor, said. “The court might say we’re going to freeze your bank account. Or even worse, they could say, ’We’re seizing Trump Tower and we’re putting it up for sale.’”

Link to comment
Share on other sites

3 minutes ago, Brock Landers said:

Hey fucktard sleepy...

 

Trump has already deposited $5 million owed to Carroll for the first defamation case into a court-controlled account, along with an additional $500,000 in interest required by New York law. Carroll will not have access to the funds until the appeals process plays out.

He is getting it all back plus everything that the cvnt owns

Also he is stiffing NY on the 355 million

I hope NY enjoys getting no federal funding for four straight years when he is returned to the whitehouse next year

Link to comment
Share on other sites

10 minutes ago, sleepy said:

He is getting it all back plus everything that the cvnt owns

Also he is stiffing NY on the 355 million

I hope NY enjoys getting no federal funding for four straight years when he is returned to the whitehouse next year

How are you so dumb?  It's really baffling

And it's "he's not paying her shit" to "oh he's getting back what he PAID"

You can't keep your own nonsense straight 

Link to comment
Share on other sites

5 minutes ago, Brock Landers said:

How are you so dumb?  It's really baffling

And it's "he's not paying her shit" to "oh he's getting back what he PAID"

You can't keep your own nonsense straight 

Instead of googling libtard articles to try and prove a point you have no ability to articulate yourself bc you don’t understand anything, do like google maps says and “PLEASE TURN RIGHT” for your Uber customer.

Link to comment
Share on other sites

11 minutes ago, Brock Landers said:

How are you so dumb?  It's really baffling

And it's "he's not paying her shit" to "oh he's getting back what he PAID"

You can't keep your own nonsense straight 

LOL

What is NY going to do if he don't pay?

Nothing pal.

Link to comment
Share on other sites

4 minutes ago, JTGAMBLE said:

Da midge is always right about everything he posts.

The stumpy fat Uber driver who can’t scrape together 5k like MM has the audacity to eat sausage lasagna and tell he’s enjoying pizza.  A man who doesn’t know what pizza is should never be trusted.  Pizza should be easily picked up by your hands.

I do think Lou Malnatis seems to be a quality lasagna restaurant for a chain and all.

Link to comment
Share on other sites

3 minutes ago, Jimmy Hoffa said:

Early reports out of Missouri have Trump closing on the purchase of the Kansas City Chiefs Monday morning specifically to cut Kelce and make his girlfriend cry.

 

That's POWER men!

I’m all for trolling and all, but this is a serious discussion.  What we need to focus on is that Trump just birdied #9.  9u through 9 holes.  Just a badass.

Link to comment
Share on other sites

18 minutes ago, Gmcarroll33 said:

I’m all for trolling and all, but this is a serious discussion.  What we need to focus on is that Trump just birdied #9.  9u through 9 holes.  Just a badass.

Anything better than -10 on the round means he gets to fuck Melania's sister too.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share


×
×
  • Create New...