A New York appellate court has ruled that former President Donald Trump can post a lower bond to cover his $464 million civil fraud judgment. The Appellate Division, First Department said Trump can post a bond "in the amount of $175 million" to cover the judgment.
Also to note here is that this reduction of the bond is not the victory for fmr Pres trump that some may have been proffering.
The Appellate Court left in place the two (two!) independent finance monitors of Trump, Inc.
While their main task is to make sure Trump Inc doesn't try to move assets out of the NY court's jurisdiction, they also will have full, let's say, permission of the Court to delve into any and all of Trump, Inc's finances.
I cannot see how that is A Good Thing for Trump Inc.
I mean, they have an unfettered minute-by-minute view of the financial dealings of Trump Inc.
Yeah, the Appellate Court left that in place.
New York appeals court scales back bond due in Trump fraud case and sets new deadline
www.cbsnews.com
... The appeals court kept in place the lower court's order for an independent monitor to oversee the Trump Organization and the installation of a compliance director. ...
@#58 ... Perhaps that is what you meant by "victim". ...
I shudder to even think I can speak Danforth, so I won't.
But I will reply to your message in my own way.
What I have meant by "victim" when I have used that terminology in multiple comments in relation to this case are the many victims of the fraud that fmr Pres Trump has been convicted of committing.
Trump's civil fraud verdict appeal may hinge on 'no victims' defense
www.reuters.com
Yeah, the "no victim" defense seems to be fmr Pres Trump's main defense. Not that he did not commit massive fraud, but that there were "no victims."
And I gotta say, it has become tiring to have to list the victims of fmr Pres Trump's fraud for you.
Really, why keep ringing up that "no victims" aspect?
Is that all ya got to try to show fmr Pres Trump innocent of frud?
That he committed a crime, but it is OK because no one was hurt?
Lame.
@#63 ... At some point in the past, I suspect Trump had friends and those friendships would enable him to be extended some credit that he was able to run from. ...
To that point, you mean things like this? ...
BaFin to Deepen Deutsche Bank Money Laundering Investigation (Feb 2019)
www.financemagnates.com
...Deutsche Bank released a statement on Friday saying that BaFin, the German financial regulator, has extended the remit of an independent auditor examining the lender's role in the Danske Bank money laundering scandal.[emphasis mine]
The case stems from an ongoing investigation into the Danish bank's Estonian division.
After a whistle-blower sounded the alarm about the activity of certain customers, most of whom were from Russia and the former Soviet Union, in late 2018, it became apparent that Danske Bank's Tallinn-based operations were doing business with some less than scrupulous individuals.
It is alleged that the bank laundered around $225 billion from 2007 to 2014. If that is the case, it would potentially be the largest instance of money laundering ever uncovered.
Deutsche Bank falls into the mix as it acted as Danske Bank's main correspondent bank. According to the Financial Times, the German bank was responsible for facilitating $180 billion in suspicious transactions....
Deutsche Bank Offices Are Raided In Money Laundering Probe (Nov 2018)
www.npr.org
...In recent years, Deutsche Bank has been in the news not only for its prominence in the Panama Papers, but also for its ties to President Trump, in a tumultuous relationship that goes back some 20 years.[emphasis mine]
Trump and the bank once sued each other after he failed to repay a $300 million loan. And the author and reporter Luke Harding has described a "shuffle of money" between the bank's dealings with figures in Russia and its business with Trump. ...
Tangentially related? Who knows...
(but some amazing guitar playing...)
Joanna Connor - Playing In The Dirt (1989)
www.youtube.com
I saw her perform live at New Haven's (CT) Night Shift Cafe.
An amazing and talented guitarist.
Drudge Retort Headlines
Stormy Daniels Testifies (78 comments)
Judge Delays Classified Documents Trial Indefinitely (58 comments)
Hamas Accepts Cease-fire Proposal for Gaza War (49 comments)
Israel Orders 100,000 to Evacuate Rafah (24 comments)
Behind the Curtain: 6% of Six States to Decide Election (21 comments)
Pregnant Women in Missouri Can't get Divorced (20 comments)
Helpers Escort Kids through San Francisco's Broken Tenderloin Streets (20 comments)
Trump Held in Contempt Again (20 comments)