The NY Attorney General won a $355M judgement against Trump & Co. for defrauding banks and insurance companies…
The penalties on the judgemnet have risen as Trump sought to delay and get the judgement vacated….
Trump has already arranged a $175M bond on the case, NOT from his money, but supported by his colateral….
I’m no lawyer but?
On EVERY loan I’ve gotten in New York?
The fine print says lying on the form IS against the law….
For the Judges to throw out the the judgement in TOTAL?….
It would seem to me to give ANYONE caught fuddging their info (A LOT of people do…But to the size Trump did) a defense if New York State was to actually go after them…..
And it would in fact nullify the judges guilty verdict based on the facts of the case….
Trump’s lawyers did NOT ask for a jury trial….
Trump can appoeal one more step up the court ladder if he loses in this court and then he’s gotta pay New York State….
And the interest clock is STILL clicking….
The judgment against Trump was for $354 million, with an additional $100 million in interest that had accrued when the judge’s ruling was issued in February. The interest is still accruing at a rate of nearly $112,000 per day while Trump appeals, and the amount had surpassed $478 million as of Thursday, according to a person familiar with the judgment.
Trump posted a $175 million bond in April while the appeal is ongoing.
Thursday’s hearing gave his lawyers an opportunity to air their grievances with the 11-week trial held last fall, in which the former president frequently clashed with the judge, including while on the witness stand. In his ruling, Engoron wrote that Trump and his co-defendants’ “complete lack of contrition and remorse borders on pathological.”
Trump’s attorneys have argued in written filings ahead of Thursday’s hearing that the monetary penalty in the judgment was unconstitutional and that most of the case against Trump should have been barred because the conduct was too old.
The former president’s attorneys raised several other legal arguments they lost at the trial court-level, including that no bank or counterparty lost money on loans, saying the judge made reversal mistakes in his rulings.
“The award of $464 million in a case with no victims, no proven injuries, and no losses is not remotely defensible,” Trump’s lawyers wrote. The additional $10 million relates to other defendants in the case.
The New York attorney general’s office, which brought the case against Trump, has argued in written filings there was “overwhelming evidence” that Trump knowingly committed fraud and inflated the value of his properties on financial statements to obtain loans.
“This Court should affirm. Supreme Court’s liability determinations are supported by overwhelming evidence that, in each Statement, defendants used a variety of deceptive strategies to vastly misrepresent the values of Mr. Trump’s assets,” the attorney general’s office wrote in a filing last month.
The attorney general’s office argued that Trump’s lawyers, in their briefs, largely avoided “any substantive discussion of the many different deceptive practices they used to vastly inflate the values of Mr. Trump’s assets on each annual Statement.”
“Instead, defendants focus their appeal primarily on meritless legal arguments about the elements of” the law, they wrote. “These arguments are contrary to the statutes text and settled precedent and should be rejected.”
The panel did not rule at the end of Thursday’s hearing and no decision is expected before the election, and the appeals court ruling can still be appealed to New York’s highest appellate court…..
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