Every time I read anything related to Trump having to pay off a half-billion disgorgement judgment (that accrues daily interest at 9% for every day he doesn’t pay), I feel a Cheshire Cat smile creeping along my face.
And no—no! He won't be able to use GoFundMe to help bail himself out—at the rate of current donations, it will take roughly 11 years to get the money needed.
That recent SEC approval for a Truth Social acquisition deal?
Furgitaboutit!
The agreement is not set in stone; besides, the 4 billion dollars he is rumored to receive will be on paper and inaccessible. Trump won’t be able to pay off anyone with that deal, let alone the city of New York.
Trump can’t even seek loans from financial institutions (banks) in New York for three years, which I know will leave a collective mark against every Trump business in the area.
Also, let's not forget the Independent Monitor and Compliance Director Engoron assigned to watch over Trump's business assets and daily ins-and-outs. That duo will not allow any criminal or weird financial shenanigans to happen under their watch—in other words, Trump doesn’t have anywhere to turn.
It won’t stop his dumb ass from trying, though.
Past the anger stage to bargaining
There are said to be seven stages of grief—we have witnessed Trump Co. oscillate between them all, trudging through shock and denial, anger, depression, hope, and back to anger.
Now it appears we are reaching the bargaining phase, as Clifford Robert recently emailed Judge Engoron to humbly (well, not quite so humbly) ask for a 30-day extension.
As per CBS News Reporting:
On Tuesday, the attorney general's office proposed a judgment that laid out the penalties included in Engoron's order. Robert, Trump's attorney, objected to the proposal, writing in a letter to Engoron that it was an "improper, unilateral submission" that "fails to provide any notice whatsoever, thereby depriving Defendants of the opportunity to be heard before judgment is entered."
Trump's lawyers asked Engoron on Wednesday to postpone enforcement of the judgment for 30 days, arguing in a separate letter that the delay would "allow for an orderly post-Judgment process, particularly given the magnitude of Judgment."
…because “Your honor, we ain’t got half a billion dollars for an appeal yet” is not a valid argument to put before the court.
Engoron’s response was pitch-perfect:
Engoron replied over email that the proposed judgment "accurately reflects the spirit and letter of the February 16 Decision and Order" and said he "intend[s] to sign the proposed judgment this morning and to send it to the Clerk for further processing."
Bench-slapped—ahahahaha!
Robert made one final plea Thursday morning, saying "there is no exigency or potential prejudice to the attorney general from a brief stay of enforcement of the Judgment," while the "prejudice to the defendants is considerable."
The judge said Trump's attorney had "failed to explain, much less justify, any basis for a stay," denying his request to pause enforcement of his ruling.
In order to appeal the judge's decision, Trump would need to post a bond covering the $354 million in penalties, according to John Coffee, a Columbia University law professor and an expert on corporate governance and white collar crime.
"That will be costly," Coffee told CBS MoneyWatch when the decision came down last week. "Some banks will post the bond for him, for a hefty fee, but they will want security that they can liquidate easily, and that may require some sale of some of his assets."
Ahahahahahahaha!!! *cough, cough, gasp* Ahahahahahaha!!!!
Yeah Trump—yah done!
When asked what Letitia James might do if Trump failed to pay his judgment on time, Mrs. Tish made no bones about it—Sis is ready to change the locks on his properties and slap a for sale sign on them quick, fast, and in a hurry.
Associated Press reports:
Donald Trump could be at risk of losing some of his prized properties if he can’t pay his staggering New York civil fraud penalty. With interest, he owes the state nearly $454 million — and the amount is going up $87,502 each day until he pays.
New York Attorney General Letitia James told ABC News on Tuesday that she will seek to seize some of the former president’s assets if he’s unable to cover the bill from Judge Arthur Engoron’s Feb. 16 ruling.
Engoron concluded that Trump lied for years about his wealth as he built the real estate empire that vaulted him to stardom and the White House. Trump denies wrongdoing and has vowed to appeal.
As Popok points out in his latest Meidas Touch video below, James expertly trolled Drumpf recently during an interview where she spoke candidly about seizing assets. Right after her statement, the interview cuts to 40 Wall Street, where a reporter stands before a Trump property Donnie once described to be as invaluable as the Mona Lisa.
(Video excerpt)
“If he does not have funds to pay off the judgment, we will seek judgment enforcement mechanisms in court, and we will ask the Judge to seize his assets.”
Go ‘head Letitia James!
In the end, Trump may try to run, he may try to hide, but that brother ain’t breaking on through to the other side unless the other side happens to be a jail cell.
Cheers!