Still, time is ticking, as NY’s Attorney General Letitia James is drooling over the opportunity to seize Trump’s assets if he can’t come up with the bond required to prevent this blatant theft. Simpering leftists on MSNBC are drooling over the opportunity to put a padlock over the former president’s prized Trump Tower.
Trump has revealed the outrageous demands imposed upon him by biased judges in New York. The exorbitant judgment, forced upon him by a state judge, is so astronomical that even reputable companies refuse to accept real estate as collateral. Instead, they demand an unprecedented sum in cash to secure the bond. This unjust requirement would force a private enterprise like the Trump Organization to produce a staggering $1 billion in cash, an amount far beyond its means. It's clear that this is nothing but a politically motivated assault on Trump and his business empire.
Shark Tank’s Kevin O’Leary summarized the reality of the situation in an appearance on CNN saying, "Forfeiture. Seizing of assets. Is that in our nomenclature in America? Is that what we tell people that want to bring their money here and protect property rights. Forget about Trump, nothing to do with Trump.” O'Leary continued, “Do you think this is good for business in New York? You think this is good for business in America? To take a law that we used to protect people from buying refrigerators at an overpriced value decades ago and apply it against an individual and then talk about seizing assets like he was in Venezuela, or in Cuba?”
The judgment against Trump is wildly excessive. None of his business partners suffered financial losses or accused him of deceit through incorrect financial statements. No trial witness testified that his supposed misrepresentations affected loan terms or prices, nor was there any evidence of him profiting from alleged deception. Yet, Judge Arthur Engoron ordered him to forfeit $355 million in "ill-gotten gains," based on speculative calculations by an expert hired by Ms. James. However, banks confirmed they didn't change loan terms, casting doubt on the accuracy of this assessment.
Rep. Ted Lieu (D-Calif.) tittered on X that #TrumpIsBroke. Lieu questioned Trump's billionaire status, asserting that his inability to pay the judgment exposes his lies about his wealth. Strangely enough, fellow Trump hater Mark Cuban came to Trump’s defense, saying, “Net worth is completely different than cash in the bank… Ted, you know I’m no supporter of Trump. That’s for damn sure, but you are wrong on this topic Ted.” Cuban posted on X that in a “zero interest rate environment” it would’ve been “dumb” for Trump to hoard cash in a bank or money market account.
Judge Engoron unjustly piled on alleged profits from properties Trump supposedly gained through false financial statements, without concrete evidence linking the two. Additionally, he imposed pre-judgment interest from the beginning of the investigation, essentially holding Trump accountable for actions he hadn't even been formally accused of. Add to that the fact that interest is piling up every day that goes by. These decisions undoubtedly provide ample grounds for a robust appeal. But good luck getting any justice in the Empire State.
Regardless of one's views on Trump's conduct, fundamental principles of justice demand due process, including the right to appeal. However, it appears that Attorney General James is bent on expediting Trump's downfall, as she unabashedly promised during her 2018 campaign. This flagrant disregard for procedural fairness should raise serious concerns for anyone engaged in business affairs in New York, given the potential for similar heavy-handed tactics from the attorney general's office.
The New York civil case is nothing short of a kangaroo court spectacle, where justice has been thrown out the window in favor of political vendettas. It’s a real-life drama where the outcome of the script was written long before the gavel ever fell. It's time to stop playing games and start defending the principles that truly matter: fairness, accountability, and the rule of law. All eyes are now on the appellate court, I regret to say I’m not as optimistic as some. Difficult decisions are going to have to be made as the deadline for payment is only days away.
Rep. Ted Lieu (D-Calif.) tittered on X that #TrumpIsBroke. Lieu questioned Trump's billionaire status, asserting that his inability to pay the judgment exposes his lies about his wealth. Strangely enough, fellow Trump hater Mark Cuban came to Trump’s defense, saying, “Net worth is completely different than cash in the bank… Ted, you know I’m no supporter of Trump. That’s for damn sure, but you are wrong on this topic Ted.” Cuban posted on X that in a “zero interest rate environment” it would’ve been “dumb” for Trump to hoard cash in a bank or money market account.
Judge Engoron unjustly piled on alleged profits from properties Trump supposedly gained through false financial statements, without concrete evidence linking the two. Additionally, he imposed pre-judgment interest from the beginning of the investigation, essentially holding Trump accountable for actions he hadn't even been formally accused of. Add to that the fact that interest is piling up every day that goes by. These decisions undoubtedly provide ample grounds for a robust appeal. But good luck getting any justice in the Empire State.
Regardless of one's views on Trump's conduct, fundamental principles of justice demand due process, including the right to appeal. However, it appears that Attorney General James is bent on expediting Trump's downfall, as she unabashedly promised during her 2018 campaign. This flagrant disregard for procedural fairness should raise serious concerns for anyone engaged in business affairs in New York, given the potential for similar heavy-handed tactics from the attorney general's office.
The New York civil case is nothing short of a kangaroo court spectacle, where justice has been thrown out the window in favor of political vendettas. It’s a real-life drama where the outcome of the script was written long before the gavel ever fell. It's time to stop playing games and start defending the principles that truly matter: fairness, accountability, and the rule of law. All eyes are now on the appellate court, I regret to say I’m not as optimistic as some. Difficult decisions are going to have to be made as the deadline for payment is only days away.
