Trump's lawyers say he is unable to secure a bond for the judgment.
New York Attorney General Letitia James is pushing back on Donald Trump's "extraordinary" request for a stay of his $464 million civil fraud judgment, arguing the former president's recent request was unreliable, procedurally improper and based on a flawed premise.
"There is nothing unusual about even billion-dollar judgments being fully bonded on appeal," Senior Assistant Solicitor General Dennis Fan said in a filing this morning. "Defendants object to a possible 'fire sale' if they were to sell assets to generate cash to use as collateral for a bond or as a deposit —but the alternative would be to shift the risk of executing on defendants' illiquid assets to OAG."
[...]
The AG argued that the former president has failed to demonstrate his effort to secure a bond using properties as collateral, suggesting the issue is a product of Trump's doing because his "holdings are not nearly as valuable as defendants claim."
"Defendants supply no documentary evidence that demonstrates precisely what real property they offered to sureties, on what terms that property was offered, or precisely why the sureties were unwilling to accept the assets," the filing said.
"As far as the Court can infer, sureties may have refused to accept defendants' specific holdings as collateral because using Mr. Trump's real estate will generally need 'a property appraisal' ... and his holdings are not nearly as valuable as defendants claim."
In other words, Trump et al expects the judge to rely on his honest and pure veracity, which has obviously been proven as beyond reproach, for many decades. cough::::cough:::::::
From another diary, we can see why Donnie REALLY doesn’t want to divulge any actual financial-facts in his motion.
And while 40 Wall Street is one of Trump's largest holdings, he doesn't actually own the property. Rather, he owns the “ground lease” to the 72-story building, which requires him to pay rent to the landowners — the obscure but wealthy Hinneberg family of Germany.
Short Summary of what he actually OWNS at these properties:
Trump International Hotel and Tower: the service areas
Trump Tower: Retail and commercial areas, the infamous triplex apartment
40 Wall Street: The ground lease
1290 Ave. of the Americas: 30% interest locked up until 2044
Trump Park Ave.: TFG may own several units
Niketown: the ground lease
Trump Parc & Trump Parc East: TFG may own some units
Trump Plaza: TFG may own some units
Trump World Tower: Owned by the condo association
The Mayfair: TFG never owned it
200 East 69th St. formerly Trump Palace: TFG doesn’t own it
140, 160, 180, 200, 220, 240 Riverside Blvd. formerly Trump Place: TFG Doesn’t Own It
The Dominick Hotel: TFG never owned it
Trump Golf Links at Ferry Point: TFG never owned it
I will add info from a Forbes article. You know Forbes. They’re the magazine that dumped Trump off their Top 400 list. And were instrumental in getting Weisselberg charged with perjury:
It’s also the magazine Stormy Daniels spanked Trump with…….
What Trump actually owns……..
This is from Forbes magazine.
Trump “Assets”
Total Value: $1.818 billion
Debt Owing: $1.023 billion
Potential Net: $794.6 million
1. Trump Plaza
Total value: $30 million
Debt: $12 million
Creditor: Ladder Capital
Due: July 6, 2024
2. 40 Wall Street
Total value: $205 million
Debt: $121 million
Creditor: Ladder Capital
Due: July 6, 2025
3. Trump International Hotel & Tower
Total value: $10 million
Debt: $6 million
Creditor: Ladder Capital
Due: August 6, 2026
4. 555 California
Total value: $480 million
Debt: $360 million
Mortgage originator: JPMorgan Chase
Due: May 2028
5. 1290 Avenue of the Americas
Total value: $570 million
Debt: $284 million
Mortgage originator: JPMorgan Chase
Due: November 2028
6. Seven Springs
Total value: $30 million
Debt: $5.4 million
Creditor: Bryn Mawr Trust Company
Due: 2029
7. Trump Tower
Total value: $156 million
Debt: $100 million
Creditor: Axos Bank
Due: 2032
8. Trump National Doral
Total value: $291 million
Debt: $125 million
Creditor: Axos Bank
Due: 2032
9. 1125 S. Ocean Blvd
Total value: $46 million
Debt: $10 million
Lender: Professional Bank
Due: 2048
Trump International Hotel and Tower
1 Central Park West
Although it’s a popular target for anti-Trump protests, the Columbus Circle building, which is roughly half hotel rooms and half condos, is owned by General Electric and Ohio’s Galbreath Company, which hired Trump to glitz it up in 1996.
What Trump does own here, according to the New York Times, are the parking garage, the valet booth, room-service kitchens, lobby bathrooms, a restaurant space, and one unit.
In 2019, condo owners demanded the removal of Trump’s large, block-letter name from the façade for dragging down their property values. In a compromise suggested by Donald Trump Jr., the building ended up splitting the façade in two: the left half reads “Trump International Hotel” and the right, “One Central Park West” — both in a serif font that’s slightly smaller and less tacky than before.