Will NYAG Letitia James start selling Trump assets by May 1, 2024 to satisfy the $454 million civil fraud judgment?
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resolved May 2
Resolved
NO

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Hearing is on Monday 22nd. Looks bad for Trump but seems largely up to the Judge's discretion. NYAG James is only giving 7 days more to get another bond; that leaves a deadline of ~April 29 if granted.

bought Ṁ1,000 NO

more conditions on the bond but it was accepted by the judge so this looks to resolve NO now

https://www.yahoo.com/news/trumps-175-million-bond-goes-101103777.html

@parhizj Will resolve on deadline of May 1

NYAG James filed papers on April 3 challenging whether the company that posted Trump's bond has the financial capacity to pay the bond.

Edit: deleted

https://www.reuters.com/legal/trumps-civil-fraud-verdict-appeal-may-hinge-no-victims-defense-2024-02-16/#:~:text=NEW%20YORK%2C%20Feb%2016%20(Reuters,law%20typically%20used%20to%20protect

“"The attorney general's job is to protect people who can't protect themselves," Syracuse University law professor Gregory Germain said. "Here, we're dealing with very sophisticated lenders who are fully capable of protecting themselves and haven't asked the attorney general for help."

On appeal to a five-judge panel of the New York Appellate Division - a mid-level state appeals court - Trump's lawyers are expected to reiterate arguments they made to no avail during the trial. They told the judge that lenders at Deutsche Bank were finance experts who were obligated to do their own due diligence and were savvy enough to know that Trump was probably exaggerating his property values.

Trump admitted on the witness stand in November that his company did not always provide accurate estimates of the value of some of his trophy properties to banks. Trump said the discrepancies did not matter because his estimates bore disclaimers and that he had plenty of cash to back up his loans.

A former Trump banker at Deutsche Bank, David Williams, testified in November that conducting due diligence on information clients provided was standard practice. In one instance, the bank adjusted Trump's net worth down to $2.6 billion from the $4.9 billion he reported, Williams said, adding that such a revision was "not unusual or atypical."

Severe penalties in a novel case like this one could potentially be met with skepticism on appeal, legal experts said. They could also prompt appellate judges to consider whether the attorney general overstepped her authority, according to Germain.

"I think the judges are going to have to look carefully at what the powers of the attorney general are here," Germain said. "Are they so broad that any lie can put you out of business, even if nobody believed it?"”

the bankers knew exactly what they were doing when they made the loan, and they got repaid in full. A half billion fine seems ridiculously disproportionate. Value estimates for very illiquid assets that haven’t been sold recently are pretty subjective anyway. If he hadn’t run in 2016 there’s a 90% chance this case never would have been pursued - it’s a politically motivated persecution.

bought Ṁ50 YES

First time direct duping someone else's market please don't hate me senpai

To resolve as Yes, NYAG could commence foreclosure process on some Trump properties.

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