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submitted 6 months ago by [email protected] to c/[email protected]

New York Attorney General Letitia James is ready to seize former President Donald Trump's iconic New York City buildings if he can't come up with the cash to pay his $355 million civil fraud fine, a new report shows. "If he does not have funds to pay off the judgment, then we will seek judgment enfo...

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[-] [email protected] 174 points 6 months ago

I don't know... maybe she should give him until the end of the summer.

Of course, they could also sell fireworks out of there for Independence Day...

[-] [email protected] 21 points 6 months ago

Of course, they could also sell fireworks out of there for Independence Day...

Not in NYC

[-] [email protected] 25 points 6 months ago

Maybe a one-time exception needs to be made. I'm sure NYC would be collectively celebrating if he's forced to clear out of there.

[-] [email protected] 13 points 6 months ago

Oh, just because they're illegal doesn't mean they aren't everywhere

[-] [email protected] 5 points 6 months ago

It's not legal where I live either, but stores open up selling them anyway. 🤷

Would a flea market full of cheap illegal Chinese counterfeits of high-end fashion items work?

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[-] [email protected] 16 points 6 months ago

I feel like this is something John Oliver could make happen

[-] [email protected] 6 points 6 months ago

Hmm... that might actually convince me to sign up for Max.

[-] [email protected] 6 points 6 months ago

You can watch him on YouTube, it's just shorter and a few days after the original airing, I think.

[-] [email protected] 6 points 6 months ago

Unfortunately, not anymore. They didn't put his latest show on YouTube. I got it by sailing the high seas.

But I'll sign up for their stupid service if they do that in exchange.

[-] [email protected] 4 points 6 months ago

HBO just made them release it on Thursday now

They are trying to get it back to Monday according to John on Twitter, but who knows

[-] [email protected] 3 points 6 months ago

Ohhh, well THAT explains why they put some episode up the other week that i was sure was a rerun. Well, shit. Shiver me timbers, matey.

[-] [email protected] 8 points 6 months ago

They should treat his property as respectfully as he treated the historic landmark and art that used to be there when he acquired the property. Demo it with his shit inside.

[-] [email protected] 9 points 6 months ago

Unfortunately, that wouldn't be proportional enough. Nothing he has is of any value or has any artistic merit. It's gaudy and everything is covered in fake gold.

But it should happen anyway.

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[-] [email protected] 3 points 6 months ago

If it's what you say I love it, especially later in the summer

[-] [email protected] 99 points 6 months ago

Just make sure you get them at the prices he used for tax purposes.

[-] [email protected] 52 points 6 months ago* (last edited 6 months ago)

I know it's a joke, but they seize them and then put it up for sale. So they'll get the highest market price someone is willing to pay. (Now if anyone knows how they deal with debt on the property let me know.)

[-] [email protected] 22 points 6 months ago* (last edited 6 months ago)

Hm.. sounds like the Saudis may well end up with a way to bail him out then.

Edit: come to think of it, what's to stop Jared and Ivanka from picking up this bill, effectively keeping the property in the family?

[-] [email protected] 26 points 6 months ago

Nothing stops them from bidding on the property but if they have the money they could just give it to him so the property wouldn't be auctioned to begin with

[-] [email protected] 2 points 6 months ago

One of those two has 2 bil from the Saudis.

[-] [email protected] 9 points 6 months ago

$355 million is a lot of money, especially when he also has other significant judgements against him and a ton of pending legal issues that will require many more millions in attorneys' fees

[-] [email protected] 16 points 6 months ago* (last edited 6 months ago)

Any debt leftover after the sale is still owed by the debtor (i.e. big orange one). Of course, if that debtor has no other assets left, you're probably not going to get paid.

As far as I know (not a lawyer, not your lawyer), some legal judgements can be discharged in bankruptcy, while others cannot. I don't know about this judgement. As an example, I believe OJ Simpson is still evading a wrongful death judgement that he cannot escape through bankruptcy.

Another wrinkle: usually in order to appeal a judgement, you have to post an appeal bond that covers the value of the judgement. And the deadlines to do that are often very, very short.

[-] [email protected] 3 points 6 months ago

I'm pretty sure they'd have to pay off the creditors first.

[-] [email protected] 51 points 6 months ago

And E. Jean Carroll is about to sue his dumb ass again for remarks made earlier this week.

[-] [email protected] 48 points 6 months ago

He’s hawking his golden boots and someone started a GoFund Me campaign for him. Who knows what will happen!

[-] [email protected] 41 points 6 months ago

What would happen if someone started a GoFundMe for trump and just forgot to give the money to trump?

[-] [email protected] 15 points 6 months ago

Fuck I shouldve done that.

[-] [email protected] 3 points 6 months ago
[-] [email protected] 2 points 6 months ago

Eh I joke but even I with my Scottish derived greed cant put away my morals long enpugh to do it.

[-] [email protected] 15 points 6 months ago* (last edited 6 months ago)

Is grifting a grifter even wrong?

[-] [email protected] 11 points 6 months ago

It's already been done. One of the organizers got pardoned and the other is in federal prison.

[-] [email protected] 3 points 6 months ago

... I wonder if it could work if you actually gave some of the money to Trump but keep most of it as a "salary" and "administrative fees"?

[-] [email protected] 3 points 6 months ago

Oh the delicious irony!

[-] [email protected] 3 points 6 months ago

You mean like all those border wall go-fund-mes? I think a few of them went to prison and the rest got away.

[-] [email protected] 15 points 6 months ago

$790,573 raised of $355,000,000 goal

After four days.

If the courts can just defer the judgment for another few days or weeks… or 4.8 years he’s all set!

[-] [email protected] 5 points 6 months ago

Hey if they sustain this rate of participation the GoFundMe should satisfy the judgement in about 6.5 years according to my back of the napkin math. (Assuming the 9% interest compounds annually.)

[-] [email protected] 4 points 6 months ago* (last edited 6 months ago)

My front of the napkin math says that with 9% interest compounded monthly, he would need to pay a little over $6 million per month for 6.5 years in order to pay off the $355 million judgment plus almost 32.5% more in interest.

I want that motherfucker so broke he can't even afford to buy a napkin to write on, let alone use to wipe his smarmy-ass mouth.

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[-] [email protected] 23 points 6 months ago
[-] [email protected] 5 points 6 months ago

I don't think there's anything valuable up there

[-] [email protected] 21 points 6 months ago

When Letitia James said that she wouldn't run for Governor, Kathy Hochul said....

"That's really bad news for Trump and the NRA"

[-] [email protected] 17 points 6 months ago

Yeah, grab that pussy!

[-] [email protected] 8 points 6 months ago

Tish James 4 prez

[-] [email protected] 4 points 6 months ago

I thought Trump doesn't officially own the trump towers? I don't think he owns anything officially in his own name

[-] [email protected] 8 points 6 months ago

He'll be a shareholder, and shares, like any asset, can be seized.

[-] [email protected] 2 points 6 months ago

I don't think this is how it works. I don't think Trump owns 'shares' of GMAC or any of the properties that other people purchased.

[-] [email protected] 3 points 6 months ago

No he definitely has a pretty substantial real estate portfolio. However, most properties bearing his name are just licensing it and are not owned by him. It’s a good point to make though. I was thinking myself that it will be funny if this makes it very apparent how much Trump has sold his own name out.

[-] [email protected] 2 points 6 months ago

Not even looking at entire buildings, Trump owns something like 1400 apartments in NYC alone.

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this post was submitted on 20 Feb 2024
592 points (99.2% liked)

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