Cosplaying billionaire Donald J. Trump can not post his $464 million bond

An infinite amount to be exact.

8 Likes

I was thinking along the lines of inkjet cartridges…
How many would this buy, one full lorry load?

4 Likes

This article says he posted about this on his platform but his platform is currently experiencing outages.

I wish I could send him some cheese to go along with this.

“Judge Engoron actually wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision. In other words, he is trying to take my Appellate Rights away from me,” Trump wrote in a post on his Truth Social platform Tuesday morning. “Nobody has ever heard of anything like this before.”

“I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!” Trump added.

https://thehill.com/regulation/court-battles/4541652-trump-says-hed-have-to-hold-fire-sale-of-properties-to-meet-464m-bond/

8 Likes

20 Likes

No paywall:

14 Likes

From a few years ago:

A real piece of work that guy. Somebody should check his home for empty TS folders from Mar a Lago.

Yeah, trump’s not a national security threat at all kids.

Seth’s piece reads like an insane marble wonderstruck. Is there any other entity confirming his assertion?

9 Likes

MAJOR BREAKING NEWS: Source of the Money for $91 Million Bond in Trump’s Defamation and Rape Case Appears to Have Major Kremlin Ties

Huh.
Totally could never have predicted this. /s x 1023

Golly.
I wonder why the Kremlin or someone with “major Kremlin ties” might want to help that horrible horrible man.

Huh.

Drunk Alan Rickman GIF

18 Likes

The headline almost makes it sound like someone other than Trump actually put up the collateral to secure Trump’s bond, but I guess the implication is that Maurice Greenberg (CEO Father to the current CEO of Chubb) made the risky business decision to approve the bond because he’s historically been friendly with the Trumps and the Kremlin?

I guess the real test of that theory is going to be what the company does when Trump loses his appeal and it’s time to collect on Trump’s collateral.

Crazy aside on Greenberg: he fought in the battle of Normandy and helped liberate Dachau concentration camp in WWII. How is he not retired??

ETA: OK, it looks like Maurice Greenberg did actually retire from the company in 2014, but his son is the current CEO. Which makes Seth Abramson’s “comprimised by the Kremin!” theory seem like kind of a stretch. The elder Greenberg didn’t even back Trump for President, instead donating money to Jeb Bush and later Marco Rubio in 2016. Plus he’s almost 100, so if he’s some kind of Russian sleeper agent he’s a really good one.

12 Likes

That’s SO 2015…

laugh cry GIF

10 Likes

Seth on pretty much any day of the week:

9 Likes

Right?

Breaking news! From some dude!! With a … blog Substack??

10 Likes

Was it buried in there somewhere what the actual collateral is and who put it up?

All the relations are interesting, and it is certainly a questionable business deal. But, I didn’t see any information about who actually put up the collateral or what that collateral is.

6 Likes

I know he should have to follow the same rules as me but…

Why isn’t he approaching some court somewhere with all the appropriate legal documents and evidence and legal reason why he is likely to win on appeal asking that they put a stay on the bond. I’m not saying he will win an appeal but isn’t that part of appealing, show you have reason to believe, legally, that you have a good chance to win.

Or provide all the paper work that shows how he intends to pay the judgement with proof and sworn documents that say those things will immediately be liquidated when he looses the appeal.

I known there are legal reasons why he can’t but that’s what I would be trying.

Probably because he isn’t anywhere near likely?

7 Likes

When has the likelihood of winning stopped him?

3 Likes

He’s really busy. What with the rallies, and the shoes, and the fund raising and posting on Truth social. He’s just going to wing it on the appeal, so it’s not all ready to show, but it’ll be the best appeal ever, when he’s shown the plan to attorneys and judges, tough men who never cried in their lives, they had tears in their eyes and said, “thank you, Sir, for bringing justice back, we’re so sorry the courts are doing this to you.”

9 Likes

He’s got money somewhere.

6 Likes

He should absolutely be allowed to build an office complex on Jupiter, as long as he’s there to supervise. Not the town.

Musk on Mars and Trump on Jupiter and the world would be in a much better place.

8 Likes

He’s been doing that. His lawyers have offered up dozens of excuses while asking the appellate court to proceed with a partial bond or no security at all. The answer to all of it has been no.

The main reason bond is required before appeals is so the money can’t disappear during the appeals process. This doesn’t necessarily involve fraud or shenanigans; Trump has enormous ongoing legal expenses in multiple court cases, a substantial amount of debt, and Trump-owned businesses have filed for bankruptcy at least four times in the past.

You’re allowed to declare bankruptcy if you can’t pay a judgement; You’re not allowed to drive yourself into bankruptcy by dragging out the appeals process.

11 Likes

The end of that article is an amusing tell on the guy’s inability to do anything without defrauding someone…

Trump’s presence in Jupiter dates to 2012, when he bought the former Ritz-Carlton club for $5 million.
His ownership of the former Ritz club quickly became contentious (when) 65 former members sued the renamed club, claiming Trump’s company refused to refund their refundable membership deposits and blocked them from using the property.
After a federal court trial, U.S. District Judge Kenneth Marra in 2018 ordered Trump’s company to pay former members $5.8 million in damages. The former members settled in 2019 for $5.4 million.

12 Likes