The new year could be off to a rough start for Donald Trump.
The former president is facing $250 million in penalties and a ban on doing business in New York when the judge overseeing his civil fraud trial delivers a verdict in the case later in January.
The Manhattan Supreme Court trial — which has been on hiatus since Dec. 13 — is set to resume with closing arguments on Jan. 11, and Justice Arthur Engoron has said he hopes to have a decision in the non-jury case by the end of the month.
As a former president with a pension of 220k per year among other amenities he will still be in the top 1% regardless
But I imagine he won’t be very happy regardless, being taken off the Forbes list and all lol
If its the only lawsuit he loses and dear God let’s hope it isnt
Here’s hoping they garnish it.
can this guy come up with 250m at the drop of a hat? this almost feels like a consequence he might maybe possibly feel.
yep! with a check signed “Jared Kushner”
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I doubt it, because all of his business assets will be sold off as part of the judgement. Additionally, he can’t just sell things off without the special monitor approving the transactions.
he can’t just sell things off without the special monitor approving the transactions.
And yet he seems to keep doing that and getting away with it.
I’ll believe it when I see real actual consequences.
Hopefully that’s soon.
I’m guessing not, especially with half his empire in administration. I wonder if Trump is already secretly in talks to flog some of his other properties like his golf courses. I’m sure Scotland and Ireland would be glad to see the back of his malign presence.
He could sell Maralago, apparently it’s worth eleventy bazillion dollars.
Or really put his money where his mouth is and actually sell the Trump Brand rights themselves.
I’m /sure/ that’s not overvalued at all.
The thing is, MBS could step in and buy the rights for a lot of money to help him out, then Trump could go “see, it was worth exactly what I said it was!” The Saudis were willing to write off enough money to Musk to help him kill Twitter just to watch it die - they can afford it.
That would still only be a part of his problem though. His trouble was also that the information he put down were factually inaccurate, and he used different valuations for his tax forms.
“Your Honor, I was on the solid gold toilet this morning and I felt a new valuation coming. Or possibly a sudden bowel movement. Anyway, based on market factors that I can’t possibly explain to you and my own mood and feelings, I’m valuing Mar-A-Lago at one gorillion dollars. This is actually a lowball price, so I’m certain there’s no need to get an appraisal. You can trust me, I know a thing or two about real estate. Bigly.”
The Trump name is synonymous with fraud
Smart move might be selling Trump Tower, rather than move money into New York that would otherwise be difficult to seize. I think his ownership stake is worth about $250 million.
I don’t think that is possible. An injunction granted in 2022 prevented him from liquidating assets and transferring wealth out of state. I believe the court has also appointed a special master specifically to scrutinize any transaction made by the Trump Organization, with a view to specifically preventing any suspicious transfer.
He will just appeal it a million times till someone who wants to suck his dick overturns it.
This is the appeal as far as I am aware. there is no more appeals after this one.
I have to wonder how he’d pay the fine given that his NY businesses will be under administration. What else is he going to have to sell to pay it off? And I don’t see banks being very amenable to Trump if he has a massive fine looming. Wouldn’t be surprised if he pulls some bankruptcy BS, not to protect himself from the fine, but all the other people he’s in hock to who might be wanting their money back right now.
He can try to sell Mar a Lago, and any other properties he has left.
Imagine the humiliation of that though. I think if they scrape up money Mar a Lago & Bedminister will be last properties they’d sell up. It’ll be random condos and anything else they own outright they can shift. I wonder how many Trump branded properties they actually do own outright though.
Actually, it could be a lot more than that.
How can someone be president while not even being able to do business in every state?
