Judge Engoron’s ruling: What will it mean for Donald Trump’s businesses? | CNN Business

There is still a lot to parse from the ruling and its potential impact on Trump’s business empire, but here’s what we know so far

           

https://www.facebook.com/cnn/posts/781325277193459

Lou Gallo LOU you were right on some of that, but is the real deal: Donald Trump has been hit with all three in the past nine months, with Friday’s $354 million penalty for New York business fraud by far the most massive. He is now on the hook for over $440 million in civil judgments as he heads toward the Republican nomination — and as he prepares for one or more criminal trials this year. Even if he has $440 million in cash on hand — and it’s far from clear that he does — paying the judgments could wipe out his accounts, since Trump himself has placed his cash reserves in the ballpark of that amount. But it’s unclear whether that number is accurate. That deposition, after all, was part of the very lawsuit in which a judge found that Trump has repeatedly inflated his net worth. What happens if he resists paying?
In the civil fraud case, which is in New York state court, if Trump can’t post the funds or get a bond, then the judgment would take effect immediately and a sheriff could begin seizing Trump’s assets. Can Trump delay payment by appealing the verdicts? NO! In all three cases, he has to put money in an escrow account with the court or get a bond while he’s appealing the verdicts. With the civil fraud verdict, which Trump has vowed to appeal, the amount to be posted or bonded is set by the court. It is typically about 120 to 125 percent of the judgment amount, to account for additional post-judgment interest that accrues during the appeal. BTW the interest on this amount of money occurs at 1 million a day OUCH!


James Strycharske you have a damaged brain. Where in the hell did you see anything about fraudelent tax returns or financial statements ?
New york is a literal CRAPHOLE swirling the drain because of people who think like you.
There were no victims. The banks do their own evaluations. The banks loan the money and got paid back fully with interest.
The banks even testified that all the transactions were good.
Stormy Daniel's? You have got to be joking. Alvin bragg is a complete idiot and is once again going to make a fool out of himself with this case.
The da that bragg replaced was a hard left da and he declined any prosecution. The federal government and the fec looked at the facts and refused to prosecute because there was nothing there.
Bragg is an idiot and his case is going to go down in flames.
He took a bullcrap misdemeanor charge and turned it into a felony.
I am glad I am not one of you things.


Edward M. Rugh I just did, under the statute he had no right to a jury trial, just a bench trial. He could have litigated that but the same court denied the same motion in a prior case. So James picked a law that would be decided by a judge in a bench trial and put in front of a partisan judge. She had to pick that law because there were no 3rd parties complaining, they all made money. We’ll see how this holds up under appeal, this judge doesn’t have a good record under appeal so far! Keep the faith fellow American


Daniel Xis and it all comes from the White House!!

Biden staffers met numerous times with Jack Smith before Trump indictments!!
*Sept 2021 Smith with Kathrine Reilly WH Chief of Staff adviser!
*November 2021 Smith met with Carolin Saba WH Counsel Deputy Chief of Staff!
*March 31st Jake Smith meets with Saga again!
*June 8th Jack Smith indicts Trump!

Wade, who has been paid nearly $654,000 in legal fees by the Fulton County DA’s office since January 2022, billed eight hours of work – at a $250 hourly rate – for a May 23, 2022, event listed in an invoice as “Travel to Athens; Conf with White House Counsel.”

On Nov. 18, 2022, Wade charged the county another $2,000 for an “interview with DC/White House.”

I thought they said the Biden administration didn’t have anything to do with them??


Howard Miller The case is civil. The crime is still tax fraud. You need a criminal case to satisfy your arguments? Let me explain what happens when Trump doesn’t place $450 million in escrow to appeal the conviction. He goes to jail. But his hush money case coming up in March and every other case after it is criminal with jail time that you so badly need to say it was a crime.

Best part, the IRS will audit Trump now (for real) and Federal tax evasion is jail time. Ask all the star went to jail for that crime how they rate that.


Sandra Austin His house has been valued in the hundreds of millions. How you doin’? He brags about being rich because he is. He turned a million dollar loan, which he repaid, into a multiple of 2,000+ times that of the loan. As you continue to spew your hatred of him, keep in mind, his determination and out of the box thinking, brought about 3 Covid vaccines in record time, 10 months, vs the 2 years Fauci said it would take. How many lives would you estimate were saved during the 14 months shaved off Fauci’s estimate? Hate on, Drifty. You’ve gotten what you voted for


Maggie Blyth The bank made millions off of Trump's businesses what are you talking about. They didn't lose anything .. THERE WERE NO VICTIMS HERE. Why do you people not get that. This is the first time that in history that this has happened. That's like convicting someone of murder when no murder happened.
If you've ever sold a house you don't sell it for what you owe you sell it for what you want and the bank will decide by their appraisers if it's worth that amount. Same here. If the banks appraisers didn't think it was worth it they would have said so.. NO VICTIMS. So who was hurt in this?


Chuck Steinell the victims were:

1. Maggot 45’s competitors. By the fraud that he committed that gave him an unfair advantage over his competitors.

2. The shareholders of the banks that maggot 45 defrauded. Had he paid the interest rates that he should have paid, the shareholders would have gotten a better return on their investment.

3. The taxpayers of the state of New York. By the fraud that maggot 45 committed, he deprived the state of New York of tax revenue. 

There was no jury, because maggot 45 failed to request a jury. That was upon him to request a jury, and he failed to do so.

You comment on the strength and validity of the case. Have you seen all the evidence, reviewed all the documentary evidence? Listen to all the witnesses? Until you have done that, your opinion is just that an uninformed idiotic opinion.


Demonrats n their decoy I. E independents know how much money they will lose
When Trump becomes president

He is killing all their corrupt deals... He also has them handicapped by impeaching Mayorkas

That's why they slapping him with fines n trying too hard to dig dirt.

Biden n Haley need the border open so that they may once again use illegal immigrant voters like they did during Corona virus, including dead voters....mind you, the border has been open for quite a while...... Illegal immigrants already in the United States should be closely monitored to ensure they are not used to cheat on elections. A census should be taken right before the elections with a closed border. Watch out not only for illegal immigrants from Africa, Asia and neighboring countries in South and North America e.g Mexico, but also from Ukraine, palestine n Israel.

I still don't know what Trump did wrong while he was president.... There are illegals crossing the border daily, why won't the alliance of fake news media focus their attention on the border and illegal migrants, why won't they cover the treatment of illegal immigrants so that the whole nation can start catching feelings again n feeling sorry for illegal immigrants n making the sitting president look inhumane..... But the media won't do that, they have much serious issues to cover like the fake rumors of wars in Ukraine, Taiwan n the false flag attacks in Israel and the Gaza region.

Now time for a recap.... Let's apply some common sense here shall we:
Trump is to be tough on illegal immigrants but be welcoming to immigrants.

Now let's add the word illegal as a prefix to the following
What should Trump do about firearms, (let's remember that hunters, paramilitary n military personnels carry firearms too) now about illegal firearms

What do you do to people who choose not to knock on ur door but enter into your yard. Compound or house illegally?, won't you call that trespassing?

We are with you Potus Trump, So also God, like the bible says, here is God's promise to his people "I will never leave you nor forsake you. Lo I am with you, even unto the ends of days"

#erauqsgnag #elephantsintheroom #Trump2024

Read another important post of mine titled "Educating Americans"
Don't forget to educate Americans. Educate them on the meaning of "illegal immigrants". Let the word "illegal" sink in.

If they also must know.... Most illegals fleeing their countries for America pay smugglers much more than they would if they came legally, i. E getting a visa n booking a plane ticket.

They should also know of the dangers of allowing "everyone" into the country. For that reason they can't be sentimental.

They need knkw also that Biden cheated using illegal immigrant voters n dead voters from Corona virus to illegally bring up his numbers...... An error we will not make this year, with all eyes n minds at alert.

Please do not lay down the laws without the above explanation to the people.

They may even need to be constantly reminded.

#maga2024 #elephantsintheroom #hebrewisrealites #erauqsgnag


10ºMarie Olsen A little reminiscent of the J6 Kangaroo Committee. This $355+- award is challengeable on appeal. The Summary Judgement (no formal trial) is challengeable. Engoron valued Mar a Lago, 62,500
Sq Ft residence and multi million dollar membership resort business, sitting on 17 acres of land, at $18 million. In 2022, Forbes Magazine, a respected and decades long reporter on global wealth, valued the property at $350 million. Currently, on a Palm Beach real estate website, there is a bare lot, 2 and a 3rd acres listed for $200 million and another bare lot, less than an acre, listed for $55 million. Is Engoron attempting to defraud with his devaluation of Mar a Lago? The bankers who accepted Trump’s valuations, also did their own due diligence and testified at sentencing, the loans were paid in full and on time, also saying they had not been defrauded. It’s odd the victims of this alleged fraud would refute the State’s charge and the judgment would be damages in excess of $350 million. In civil cases, damages generally have some relationship to financial and/or reputational damage. $0 damages and a $355 million award are antithetical to a long held tenet of the law.




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