593
submitted 8 months ago by Jaysyn@kbin.social to c/politics@lemmy.world

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...

top 50 comments
sorted by: hot top controversial new old
[-] FlyingSquid@lemmy.world 175 points 8 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...

[-] Witchfire@lemmy.world 21 points 8 months ago

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

Not in NYC

[-] halcyoncmdr@lemmy.world 25 points 8 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.

[-] Witchfire@lemmy.world 13 points 8 months ago

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

[-] FlyingSquid@lemmy.world 5 points 8 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?

load more comments (2 replies)
[-] grasshopper_mouse@lemmy.world 16 points 8 months ago

I feel like this is something John Oliver could make happen

[-] FlyingSquid@lemmy.world 6 points 8 months ago

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

[-] grasshopper_mouse@lemmy.world 6 points 8 months ago

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

[-] FlyingSquid@lemmy.world 6 points 8 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.

[-] SkaveRat@discuss.tchncs.de 4 points 8 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

[-] grasshopper_mouse@lemmy.world 3 points 8 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.

[-] AngryCommieKender@lemmy.world 8 points 8 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.

[-] FlyingSquid@lemmy.world 9 points 8 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.

load more comments (2 replies)
[-] superduperenigma@lemmy.world 3 points 8 months ago

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

[-] JeeBaiChow@lemmy.world 100 points 8 months ago

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

[-] someguy3@lemmy.world 52 points 8 months ago* (last edited 8 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.)

[-] JeeBaiChow@lemmy.world 22 points 8 months ago* (last edited 8 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?

[-] TastehWaffleZ@lemmy.world 26 points 8 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

[-] Riven@lemmy.dbzer0.com 2 points 8 months ago

One of those two has 2 bil from the Saudis.

[-] protist@mander.xyz 9 points 8 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

[-] mkwt@lemmy.world 16 points 8 months ago* (last edited 8 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.

[-] sik0fewl@kbin.social 3 points 8 months ago

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

[-] Jaysyn@kbin.social 52 points 8 months ago

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

[-] YurkshireLad@lemmy.ca 48 points 8 months ago

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

[-] meco03211@lemmy.world 41 points 8 months ago

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

[-] vaultdweller013@sh.itjust.works 15 points 8 months ago

Fuck I shouldve done that.

[-] DarkDarkHouse@lemmy.sdf.org 3 points 8 months ago
[-] vaultdweller013@sh.itjust.works 2 points 8 months ago

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

[-] negativenull@lemmy.world 15 points 8 months ago* (last edited 8 months ago)

Is grifting a grifter even wrong?

[-] Evilcoleslaw@lemmy.world 11 points 8 months ago

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

[-] AlligatorBlizzard@sh.itjust.works 3 points 8 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"?

[-] aniki@lemm.ee 3 points 8 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.

[-] YurkshireLad@lemmy.ca 3 points 8 months ago

Oh the delicious irony!

[-] brbposting@sh.itjust.works 15 points 8 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!

[-] Evilcoleslaw@lemmy.world 5 points 8 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.)

[-] radicalautonomy@lemmy.world 4 points 8 months ago* (last edited 8 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.

load more comments (1 replies)
[-] xantoxis@lemmy.world 23 points 8 months ago
[-] dhork@lemmy.world 5 points 8 months ago

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

[-] Rapidcreek@lemmy.world 21 points 8 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"

[-] wildcardology@lemmy.world 17 points 8 months ago

Yeah, grab that pussy!

[-] eran_morad@lemmy.world 9 points 8 months ago

Tish James 4 prez

[-] PatFussy@lemm.ee 4 points 8 months ago

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

[-] deadbeef79000@lemmy.nz 8 points 8 months ago

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

[-] PatFussy@lemm.ee 2 points 8 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.

[-] bloup@lemmy.sdf.org 3 points 8 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.

[-] Jaysyn@kbin.social 2 points 8 months ago

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

load more comments
view more: next ›
this post was submitted on 20 Feb 2024
593 points (99.2% liked)

politics

19080 readers
3348 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 1 year ago
MODERATORS