Trump's lawyers appear to have really screwed up in his fraud trial

Dunno. Have they had any pets?

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… no, they all hate animals

That’s how we know they’re good people :roll_eyes:

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Goldfish Forget GIF by StickerGiant

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And to think it all came down to a box not getting checked on a form.

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I’m afraid that plane may have already taken off, as it were. don jr told an awful story re: barron’s brattiness on one of their private planes. He threw full plates of food just like daddy and screamed obscenities at the staff.

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“The hardest job kids face today is learning good manners without seeing any.” – Fred Astaire

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Based on what evidence?

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Odds that was a cocaine-withdrawal delusion are non-zero, though…

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Ivanka was a registered Democrat as recently as 2018, so I don’t have a problem imagining her being politically aligned with the DNC under other circumstances. I haven’t seen any real evidence of her being a “good” person though. Just one of the least-worst people in her father’s orbit.

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I don’t know if that will happen though. When you’re that rich and connected, you might go down an order of magnitude or two in wealth, but you’ll never become “homeless on the street” poor. The only way to really take away their wealth is to put them in prison for a long, long time.

Looking at billionaires that have lost their riches, all of them that are not in prison still have a decent amount of wealth:

  1. Patricia Kluge - went from $100M to ~1$M today
  2. Vijay Mallya - went from $1.3B to legally bankrupt, but he has fled to the UK and hasn’t paid back beyond what the courts initially seized. Probably has a lot squirreled away in secret Panama Papers-style accounts.
  3. Sean Quinn - went from $2.8B to $4.3M today. That’s an almost 3 order of magnitude drop, but still makes him more wealthy than 99% of the population.
  4. Jocelyn Wildenstein - from an estimated ~$500M to ~$1M today.
  5. Björgólfur Gudmundsson - was worth $1.2B at his peak. He declared personal bankruptcy and is technically worth $0, however from the Panama Papers he is known to have put millions into hundreds of obfuscated offshore accounts shortly before he declared bankruptcy, so he’s probably in a similar situation as Vijay Mallya.

Then we get the people who are in prison:

  1. Elizabeth Holmes - She had a 50% stake in Theranos, which at its peak was valued at $9B, so that puts her at $4.5B. Her net worth now is pretty much nothing, and she’s in debt to Theranos for $25M. And she’s currently serving an 11 year sentence. We can expect a bit of money from movie and book deals when she gets out, so she probably won’t be completely penniless.
  2. Eike Batista - Brazilian mogul that was worth $30B in 2012, in 2017 he was convicted of bribing government officials and is serving a 30 year sentence. He’s listed as in debt $1.2B, but until (if) he gets out of prison it’s pretty moot. If he does, I’d expect him to at least have a few $M squirreled away somewhere in offshore accounts.
  3. Allen Stanford - kind of a less famous version of Bernie Madoff, he orchestrated an investment Ponzi scheme that was worth $8B. At the time his personal net worth was around $2B. Convicted of fraud in 2012 and serving a 110 year sentence, he’s all but guaranteed to die in prison.
  4. Bernie Madoff - everyone knows who this guy was. His Ponzi scheme was worth about $85B, and his personal net worth was around $2.5B. He died in prison in 2021.

So actually putting these guys in prison is a much more effective way to truly strip them of their wealth. Without going to prison, if you take these guys net worth down a couple of orders of magnitude, they just become regular wealthy instead of super wealthy. People like you and I though, if our net worth goes down two orders of magnitude, we become homeless.

So unless Trump serves hard time in prison for a decade or more, I wouldn’t expect him to become the kind of penniless pauper that we all wish for.

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I have always felt sorry for Baron. No one asks to be born into a boiling cauldron of garbage.

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Well sure, all of those things.

But I cheer for the full collapse of all their finances; I root for them to experience what it’s like to get a block of gov’t cheese, a box of elbow macaroni, and a can of pumpkin pie filling.

And that’s supper.

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Patricia Kluge is not like the others here. $1M is probably whatever land she had left after she sold the Kluge winery to Trump to pay off her debts (which is probably just a few acres in that part of Albemarle county - there are four adjacent wineries there). I don’t know that she was particularly politically active; Trump bought it in 2011 (Business Insider apparently thinks it was bought from the bank, but I had heard she had an agreement to let her run the winery that the Trumps reneged on).

Looking at that Business Insider article, it’s particularly funny if you read the Wikipedia bio of the current editor.

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