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Trump ordered to pay full $454 million fraud judgment, but can apply for loans during appeal
CNBC ^ | 2/28/24 | Ed Jones

Posted on 02/28/2024 1:44:43 PM PST by CaptainK

An appeals court judge Wednesday denied a request by former President Donald Trump to pause enforcement of the $454 million judgment he was ordered to pay in his New York civil fraud case.

But Judge Anil Singh’s ruling in Manhattan Supreme Court allows Trump and his two adult sons to stay in control of their companies while the former president seeks to appeal the massive fine.

The Trumps can also continue to apply for loans from financial institutions chartered or registered in New York during this time, the judge ruled.

(Excerpt) Read more at cnbc.com ...


TOPICS: Constitution/Conservatism; Crime/Corruption; Government
KEYWORDS: anilsingh; dncstooge; stoogejudge; stoogejudges
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1 posted on 02/28/2024 1:44:43 PM PST by CaptainK
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To: CaptainK

The corrupt process becomes the punishment. Banana Republic stuff.


2 posted on 02/28/2024 1:47:21 PM PST by fwdude (.When unarmed Americans are locked up for protesting a stolen election, you know it was stolen.)
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To: CaptainK
The Trumps can also continue to apply for loans from financial institutions chartered or registered in New York during this time

The court tells Trump he can get loans to cover the fine for taking out loans.

3 posted on 02/28/2024 1:48:21 PM PST by New Perspective (As Leonard Cohen said once in an interview, “You won’t like what comes after America”)
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To: CaptainK

Another trap for Trump as he assesses the value of his collateral... again.


4 posted on 02/28/2024 1:49:01 PM PST by alancarp (George Orwell was an optimist.)
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To: CaptainK

The more the US Left and DC deep-state criticizes Putin, the more they look exactly like the caricature of him they created.


5 posted on 02/28/2024 1:50:35 PM PST by PGR88
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To: CaptainK

They already spent his $454 Million and gave themselves bonuses. Really.


6 posted on 02/28/2024 1:52:46 PM PST by blackdog ((Z28.310) Be careful what you say. Your refrigerator may be listening & reporting you.)
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To: CaptainK

He’s not going to oay one cent.


7 posted on 02/28/2024 1:52:49 PM PST by Fledermaus (Is it me, or all of a sudden have the buried trolls come out on FR like cicadas? It's all noise.)
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To: CaptainK

FNY. Send more aliens.


8 posted on 02/28/2024 1:53:06 PM PST by fretzer
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To: CaptainK

They are never going to leave him alone. Even if he wins the presidency, they are going to continue to be on his back. The only way to stop these pieces of shit is investigating them …finding as much dirt as they can about them. Trump has to fill every nook and cranny in DC at the DOJ,FBI and CIA with people that are loyal to him. They’re smiling and popping champagne bottles right now but eventually every spiteful thing they do will boomerang against them. I for one cannot wait when those bastards tables flip.


9 posted on 02/28/2024 1:53:21 PM PST by RoseofTexas
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To: CaptainK

Ok, Trump wins and sues the government for his money back? Would they pay him back? Also would they pay the same high interest rate they charged him in until they pay?


10 posted on 02/28/2024 1:54:39 PM PST by Lockbox (politicians, they all seemed like game show hosts to me.... Sting…)
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To: CaptainK

You would have to be a lunatic to take out a loan in the state of New York.


11 posted on 02/28/2024 1:55:23 PM PST by Empire_of_Liberty ( )
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To: CaptainK

If he tells them to piss off, he wins in the pols (still loses a rigged election) but goes bankrupt in New York and its has a Dominoe effect across his empire.
If he pays it, does he get to write it off as a loss on his taxes? Also if he pays it, everyone else everywhere will see that it works and will start the domino effect.
What to do...


12 posted on 02/28/2024 1:55:32 PM PST by SavannahWonderer (First do no harm)
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To: CaptainK
The Trumps can also continue to apply for loans from financial institutions chartered or registered in New York during this time, the judge ruled.

 

Riigghht. And set Trump up for failure as he over values his assets in order to get a favorable loan rate.

Thereby creating another 454 million dollar penalty assesed by lawfare loving judges.

Lather. Rinse, Repeat.

13 posted on 02/28/2024 1:56:27 PM PST by Responsibility2nd (A truth that’s told with bad intent, Beats all the lies you can invent ~ Wm. Blake)
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To: Lockbox

“Ok, Trump wins and sues the government for his money back? Would they pay him back? Also would they pay the same high interest rate they charged him in until they pay?”

If he posts a bond or collateral, he won’t have to pay the government anything until the appeal is resolved. That’s the whole point.

Now if he decided not to do that and the government enforced the judgment in the interim, and he wins an appeal, I’m not actually sure what the recourse is in that situation.


14 posted on 02/28/2024 1:56:39 PM PST by CraigEsq (,)
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To: CaptainK
"Anil Singh"

Oh wow, another Real American™

A Sikh says no relief for the President of the United States?

Gosh. Guess nobody from this country was available for the NY Appellate courts.

15 posted on 02/28/2024 1:57:52 PM PST by Regulator (It's fraud, Jim)
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To: CaptainK

Party time in NYC.

Why not make Trump pay for illegals to stay in NYC?


16 posted on 02/28/2024 1:58:16 PM PST by Paladin2
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To: CaptainK

Justice Anil Singh!

How many judges has Trump gone before that are foreign born?


17 posted on 02/28/2024 1:58:43 PM PST by Macho MAGA Man (The last two weren't balloons. One was a cylindrical objects Trump is being given the Alex Jones tr)
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To: CaptainK

8th Amendment to the US Constitution:

“Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted.”


18 posted on 02/28/2024 1:59:01 PM PST by Signalman
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To: CaptainK

A higher court NEEDS TO STEP IN TO PREVENT THIS UNJUST TRAVESTY.


19 posted on 02/28/2024 1:59:06 PM PST by House Atreides (I’m now ULTRA-MAGA. -PRO-MAX)
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To: CaptainK

every single leftist needs to have every bank loan they ever submitted subpoenaed so we can expose that they themselves have done exactly what they say Trump did which is to over value their homes.


20 posted on 02/28/2024 1:59:22 PM PST by TexasFreeper2009
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