Reply To: Judge Orders Trump To Pay Whatever Amount It Takes To Bankrupt Campaign

  • Unknown Member

    Member
    February 18, 2024 at 11:53 am

    Judges can’t bankrupt Trump’s Campaign. His ignorant brain dead supporters continue to fund him but they bankrupt the Low Life Criminal Insurrectionist Scum himself.

    Mr Trump’s lawyers said they would appeal the “egregious verdict”, but experts suggested there was little recourse to avoid the hefty financial penalties, which are essentially due immediately.

    If Trump resists payment, the judgement would take effect immediately and the state could begin seizing Mr Trump’s assets

    The Florida Criminal’s New York portfolio includes the gold-plated Trump Tower on Fifth Avenue, 40 Wall Street and the Trump Park Avenue hotel, where Bob Dylan met The Beatles for the first time.

    Will Thomas, a business law professor at the University of Michigan, said: “The business in many respects is still owned by the family, but it is out of the family’s control.”

    If Mr Trump resisted payment, the judgment would take effect immediately and the state could begin seizing his assets, Mr Thomas said.

    Mr Thomas said relocating his business to a new state would also be more difficult following the judgment.

    Mr Engoron had initially ordered the dissolution of much of Mr Trump’s New York holdings, but pulled back in his ruling on Friday, leaving that question to an independent monitor.

    The company’s financial reporting will be overseen by the independent monitor and a compliance director.

    Brian Quinn, a professor at Boston College Law School, told the Washington Post: “This is going to be a business that will look very different. It won’t be a family-run business. It can be a family-owned business, but it won’t be a family-run business for the next several years.”

    However, it is the financial penalty which could deal the biggest immediate blow.

    The Florida Criminal’s net worth was recently estimated to be $3.1 billion by Bloomberg’s billionaires index, with about $600 million in cash assets.

    He has also been ordered in a separate civil suit to pay $83.3 million to the magazine columnist E Jean Carroll, who accused him of rape.

    The financial penalties, could wipe out most of Mr Trump’s disposable cash, or even force him to sell a property to cover the costs.

    The ruling is a victory for Letitia James, New York’s attorney-general.

    On Friday she said Mr Trump was “finally facing accountability for his lying, cheating and staggering fraud”.

    https://news.yahoo.com/trump-flagship-tower-could-seized-183156650.html