this post was submitted on 20 Feb 2024
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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] 92 points 1 year ago (4 children)

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] 12 points 1 year ago (2 children)

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

Not in NYC

[–] [email protected] 16 points 1 year ago (1 children)

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] 8 points 1 year ago

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

[–] [email protected] 3 points 1 year 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?

[–] [email protected] 3 points 1 year ago

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

[–] [email protected] 3 points 1 year ago (1 children)

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] 1 points 1 year ago (1 children)

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.

[–] [email protected] 0 points 1 year ago (1 children)

I wonder why he bought Mar-a-Lago from Marjorie Post? Couldn't be that she was a collector of imperial Russian art, could it? How much of that ended up going to Putin over the years?

[–] [email protected] 2 points 1 year ago

He seems like the type of guy with Hitler paintings.

Yep.

[–] [email protected] 0 points 1 year ago

I feel like this is something John Oliver could make happen

[–] [email protected] 55 points 1 year ago (1 children)

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

[–] [email protected] 28 points 1 year ago* (last edited 1 year ago) (2 children)

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] 14 points 1 year ago* (last edited 1 year ago) (2 children)

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] 12 points 1 year ago (1 children)

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] 1 points 1 year ago

One of those two has 2 bil from the Saudis.

[–] [email protected] 2 points 1 year 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] 4 points 1 year ago* (last edited 1 year 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] 27 points 1 year ago (4 children)

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

[–] [email protected] 5 points 1 year 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] 2 points 1 year ago (1 children)

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

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (1 children)

Is grifting a grifter even wrong?

[–] [email protected] 13 points 1 year ago (1 children)
[–] [email protected] 2 points 1 year ago

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

[–] [email protected] 10 points 1 year ago

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

[–] [email protected] 1 points 1 year ago

Tish James 4 prez

[–] [email protected] 1 points 1 year ago (1 children)

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

[–] [email protected] 0 points 1 year ago (1 children)

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

[–] [email protected] 0 points 1 year 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.