April 2, 20242 yr Author so the judge had to issue a stronger STFU to agent orange since he's been spending most of his free time slandering the judge's daughter.
April 2, 20242 yr 10 minutes ago, mr_hunt said: so the judge had to issue a stronger STFU to agent orange since he's been spending most of his free time slandering the judge's daughter. two tiers of justice. anybody else would have been arrested.
April 2, 20242 yr Trump secures $175 million bond in New York civil fraud case Quote Former President Donald Trump and his co-defendants have secured a $175 million bond in their New York civil fraud case, according to a court filing. Trump secured the bond through Knight Specialty Insurance Company, which is owned by the privately-held Hankey Group, whose chairman told ABC News that he considers himself a Donald Trump supporter. "This is what we do at Knight Insurance, and we're happy to be able to accommodate the ex-president in this situation," Don Hankey told ABC News. "I'd say it's more of a business decision, but I happen to be a supporter also." MORE: In win for Trump, appeals court lowers his bond to $175M in civil fraud case Hankey said his company was initially involved in talks to underwrite the original $464 million bond in the case -- then when a New York appellate court last week reduced the amount to $175 million, Hankey said his company renewed their effort to underwrite the bond. "It was a relatively low number, and Donald Trump put up all the collateral in cash," Hankey said. Hankey could not recall if Trump also used bonds as collateral for the finalized bond, noting that his company reviewed some of the former president's bonds, which he said were as "grade-A bonds, investment grade quality securities." "We're confident that we have very good collateral," Hankey said. Former President Donald Trump speaks at a campaign rally in Rome, Ga., March 9, 2024. Mike Stewart/AP, FILE Hankey told ABC News that he has contributed to the former president's campaign but could not recall the amount he donated. An official with the New York attorney general's office declined to comment to ABC News. "As promised, President Trump has posted bond," his attorney Alina Habba said in a statement Monday evening. "He looks forward to vindicating his rights on appeal and overturning this unjust verdict." Last week, a panel of judges from New York's Appellate Division granted the former president, his adult sons, and two former Trump Organization executives a 10-day stay of the $464 million judgment in their civil fraud case and permitted them to post a reduced bond of $175 million. Trump's lawyers had argued that the former president lacked the cash to secure a bond for the full judgment after being rejected by more than 30 bond companies. Without intervention from an appeals court, defense lawyers argued that Trump would suffer irreparable harm by having to sell off his namesake properties before he exhausted his appeal of the fraud ruling. In February, following a three-month trial, Judge Arthur Engoron fined Trump and his co-defendants after finding they had engaged in a decade of business fraud by falsely inflating the former president's net worth to get better loans and business deals. "The frauds found here leap off the page and shock the conscience," Engoron wrote. Trump has denied all wrongdoing and his lawyers have appealed the ruling in the case, arguing that the disgorgement amount was unconstitutional, disproportionate, and flawed. Defense lawyers argue that Judge Engoron misapplied the statute of limitations for Trump's conduct and that New York Attorney General Letitia James failed to prove Trump's misrepresentations were relevant to the former president's lenders. "There is no evidence, and no finding by Supreme Court, that the relevant lenders and insurers would not have given Defendants loans and policies on the same terms in the absence of the supposed 'misrepresentations,'" defense lawyers said in a March filing. If their appeal fails, the former president and his co-defendants will be on the hook for the entire $464 million judgment. MORE: Trump says he might be forced to sell assets at 'fire sale prices' to satisfy $464M bond in civil fraud case If Trump does not have the cash to cover the full judgment and his appeal is unsuccessful, James could enforce the judgment by seizing Trump's assets. "If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets," James said in a recent interview with ABC News. "We are prepared to make sure that the judgment is paid to New Yorkers." In the defamation suit brought against Trump by the writer E. Jean Carroll, Trump secured a $92 million bond through insurance company Chubb after a jury in January found him liable for defaming her. Trump, who has denied all wrongdoing, has filed a notice of appeal in that case. The former president used a brokerage account as collateral for that bond. https://abcnews.go.com/US/trump-secures-175-million-bond-new-york-civil/story?id=108715465
April 2, 20242 yr 11 minutes ago, mr_hunt said: so the judge had to issue a stronger STFU to agent orange since he's been spending most of his free time slandering the judge's daughter. Love how he claims the judge should recuse because his daughter is a Democrat which shows conflict of interest but has absolutely no issues with Judge Cannon who he appointed and is ultra MAGA and happens to be the ONLY judge he doesn't attack
April 2, 20242 yr 18 hours ago, Tweek said: Trump Media auditor warns that losses 'raise substantial doubt' about company's ability to continue An auditor has raised doubts about the ability of Donald Trump's publicly traded company to stay in business, according to a new regulatory filing. Trump Media and Technology Group, which operates the Truth Social platform, reported it lost $58.2 million in 2023 while generating total revenues of $4.1 million, according to the Monday filing with the Securities and Exchange Commission. Trump Media listed its largest expense for the year as interest payments totaling more than $39 million. As of the end of 2023, Trump Media had about $2.6 million in cash on hand and total liabilities of $70.1 million, according to the filing It's a grift. I do not think it is coincidence Truth Social debuted on the stock market last week, and Trump had money to post bail this week.
April 2, 20242 yr 1 hour ago, toolg said: It's a grift. I do not think it is coincidence Truth Social debuted on the stock market last week, and Trump had money to post bail this week. Trump Media & Technology going public (through a reverse merger) has nothing to do with him posting a bond. Trump's shares are locked up for 6 months, so he can't sell unless the board were to terminate the lockup (which would need to be announced publicly). Furthermore, no company in the world would take these shares as collateral -- Hankey said he put up cash and investment grade bonds. Appeal bonds are almost always fully cash collateralized -- maybe they take real estate. The second Trump sells stock and reports it, DJT will plummet. It's all funny money for now.
April 2, 20242 yr 1 minute ago, vikas83 said: Trump Media & Technology going public (through a reverse merger) has nothing to do with him posting a bond. Trump's shares are locked up for 6 months, so he can't sell unless the board were to terminate the lockup (which would need to be announced publicly). Furthermore, no company in the world would take these shares as collateral -- Hankey said he put up cash and investment grade bonds. Appeal bonds are almost always fully cash collateralized -- maybe they take real estate. The second Trump sells stock and reports it, DJT will plummet. It's all funny money for now. regardless of the losses, I cannot understand how a company that reports a revenue of $4M can have a market cap of $6-7B.
April 2, 20242 yr 9 minutes ago, JohnSnowsHair said: regardless of the losses, I cannot understand how a company that reports a revenue of $4M can have a market cap of $6-7B. It's a meme stock. There's not a huge float as most of the shares are locked up. There's no borrow, so can't short it.
April 2, 20242 yr 2 minutes ago, vikas83 said: There's no borrow, so can't short it. damn, there goes my plan to 10x my retirement
April 2, 20242 yr Whatever stock DJT is, it is wildly overvalued. As with all things Trumpy, whatever you imagine is commonly considered valuable, it is the opposite of that.
April 2, 20242 yr Yeah the cult is stupid but they are still strong in numbers. Those NFTs he sold are still holding their value somehow because the brainwashed morons still worship him and nothing can wake them out of their trance. If he's good at anything, it's capitalizing on the severe mental illness of his cult.
April 2, 20242 yr Author 6 minutes ago, we_gotta_believe said: Yeah the cult is stupid but they are still strong in numbers. Those NFTs he sold are still holding their value somehow because the brainwashed morons still worship him and nothing can wake them out of their trance. If he's good at anything, it's capitalizing on the severe mental illness of his cult.
April 2, 20242 yr I realize that's a meme made by an idiot and posted here by an even bigger idiot, but barring DJT from doing business in NY has no impact on paying any capital gains taxes on the sale of stock (if he is eventually able to sell). He'd pay taxes to the US Government and in Florida, since that is his primary residence and the company's headquarters. NY state would have no claim to the taxes before or after the order barring him from doing business. EDIT: also, there's no such thing as taxes on unrealized gains, so the post is even dumber than I originally realized.
April 2, 20242 yr 27 minutes ago, vikas83 said: I realize that's a meme made by an idiot and posted here by an even bigger idiot, but barring DJT from doing business in NY has no impact on paying any capital gains taxes on the sale of stock (if he is eventually able to sell). He'd pay taxes to the US Government and in Florida, since that is his primary residence and the company's headquarters. NY state would have no claim to the taxes before or after the order barring him from doing business. EDIT: also, there's no such thing as taxes on unrealized gains, so the post is even dumber than I originally realized.
April 2, 20242 yr 33 minutes ago, vikas83 said: I realize that's a meme made by an idiot and posted here by an even bigger idiot, but barring DJT from doing business in NY has no impact on paying any capital gains taxes on the sale of stock (if he is eventually able to sell). He'd pay taxes to the US Government and in Florida, since that is his primary residence and the company's headquarters. NY state would have no claim to the taxes before or after the order barring him from doing business. EDIT: also, there's no such thing as taxes on unrealized gains, so the post is even dumber than I originally realized. Me reading your post before I got to the edit
April 3, 20242 yr 7 hours ago, vikas83 said: JFC! That retort had some extra curry in it. 🤣🤣🤣 Check your meds. I got more for you.
April 3, 20242 yr 5 minutes ago, lynched1 said: JFC! That retort had some extra curry in it. 🤣🤣🤣 Check your meds. I got more for you. You get called out for posting a mostly false meme, and instead of trying to defend yourself, you show your true colors. You’re a first class POS.
April 3, 20242 yr 1 minute ago, Tnt4philly said: You get called out for posting a mostly false meme, and instead of trying to defend yourself, you show your true colors. You’re a first class POS. It's a meme. Get a life old man and realize I'm actually here to give you that heart attack. You can F off now. 🤣🤣🤣
April 3, 20242 yr 1 hour ago, lynched1 said: JFC! That retort had some extra curry in it. 🤣🤣🤣 Check your meds. I got more for you. That's a weird way to acknowledge he's way smarter than you.
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