TRUMP Bond in Letita James Case Lowered by Appeals Court

originally posted by: Annee

YES.

He still owes the full amount.

Curious: if he wins his appeal — who pays the interest charges?

He does, of course, if he loses. The interest is not on hold, it is accumulating at $112,000 per day, since a month ago when the judgment came down.

He still owes the full $454 million, plus the interest per day since then. Every day of appeals adds more money to that $454 million.

Let's say the appeals takes two full years, and he loses it after that time; he would have $454m in judgment plus another $82m in interest for the two years. That's $536 million he would owe. The $175m downpayment he puts up gets taken out of that and he would owe another $361m at that point.

If he wins, there is no interest as there is no judgment.

a reply to: Mahogani

He doesn't owe anybody anything until the case is over.

Right now it's not over, it's just starting. 🤣

originally posted by: WeMustCare

originally posted by: xuenchen
a reply to: chr0naut

The case isn't finished until all Due Process is exhausted. We'll know in a year or so.

The Swarms will be all gone by then. 😀

What case will put Trump in jail before November? Asking for a liberal friend.

The "El Zilch-0" case. 😀

originally posted by: chr0naut

originally posted by: Vermilion
a reply to: chr0naut

It is a bank, that manages the money of its customers and investors. The customers and investors are the ones who get 'stiffed' in fraud of this type.

The bank did their due diligence and approved the loan.
You’re saying the bank committed fraud as well. Got it. 👍

Well, that's hard to say. The bank officers could well have been complicit in the fraud, but they have plausible deniability. The valuers that the bank engaged were likely to have been complicit with the fraud, and the bank could be unaware that the valuers, or even specific officers of the bank, were crooked.

Phew LoL
That’s some mental gymnastics there buddy!
Well done.
Are you gassed now? You should be.

If there’s any crime here, it’s the bank loaning the money when they shouldn’t, thereby depriving their customers of loan proceeds.
That’s what you’re claiming now?

originally posted by: xuenchen
a reply to: Mahogani

He doesn't owe anybody anything until the case is over.

Right now it's not over, it's just starting. 🤣

Wrong.

He owes $175 million, in the next 10 days, if he wants to appeal. If he does not pay it in 10 days he owes the full $454m plus interest.

If he loses the appeal, he loses the $175 million plus everything else up to the full judgment.

originally posted by: Annee

originally posted by: Mahogani
Fair move from the appellate court... lowering the downpayment to 1/3 of the total, in order for the appeals to continue.

He owes over $500m back to the people, $175m is about a third of that, and serves as a downpayment. If the appeal does not play out in his favor, he has to add on another $350m, or so, to make good. If he doesn't, the $175m is taken and then they have that much less they need to take as foreclosures or seized bank assets at that time.

He should get a chance to defend himself and exhaust the appeals process, and mitigating the punishment amount in the meantime is reasonable. He proved through the court appointed monitor that he doesn't have the money to pay it in full and the court has asked for proof that no one will finance him. It would appear both those things are now verified and his downpayment got lowered.

And that is very fair. If he can't put up the money and has proven so to the court, he should pay what he can to stall off foreclosures. We would all expect this treatment, it's only fair.

eta: Important to note that the interest on the WHOLE amount is being calculated, however, something like $112,000 per day. So even though he is putting up a downpayment, the whole punishment is basis for interest. If the appeals should go on for another year, for example, the additional interest accrued is an additional $41 million per year. Two years of appeals -- an extra $80 million, on top of the $454m.

YES.

He still owes the full amount.

Curious: if he wins his appeal — who pays the interest charges?

He owes Zero until the case is finished. And of course, we still have no victims to pay do we. 🤣🤣

If this case gets reversed (95% likely), he gets a refund plus the accrued interest 🤣🤣

originally posted by: Mahogani

originally posted by: xuenchen
a reply to: Mahogani

He doesn't owe anybody anything until the case is over.

Right now it's not over, it's just starting. 🤣

Wrong.

He owes $175 million, in the next 10 days, if he wants to appeal. If he does not pay it in 10 days he owes the full $454m plus interest.

If he loses the appeal, he loses the $175 million plus everything else up to the full judgment.

He owes nothing to anybody. The Bond money is held in escrow until the case is finished. 😀

originally posted by: xuenchen

originally posted by: Mahogani

originally posted by: xuenchen
a reply to: Mahogani

He doesn't owe anybody anything until the case is over.

Right now it's not over, it's just starting. 🤣

Wrong.

He owes $175 million, in the next 10 days, if he wants to appeal. If he does not pay it in 10 days he owes the full $454m plus interest.

If he loses the appeal, he loses the $175 million plus everything else up to the full judgment.

He owes nothing to anybody. The Bond money is held in escrow until the case is finished. 😀

Correct, the money he OWES in the next 10 days will be held in escrow.

originally posted by: Mahogani

originally posted by: xuenchen

originally posted by: Mahogani

originally posted by: xuenchen
a reply to: Mahogani

He doesn't owe anybody anything until the case is over.

Right now it's not over, it's just starting. 🤣

Wrong.

He owes $175 million, in the next 10 days, if he wants to appeal. If he does not pay it in 10 days he owes the full $454m plus interest.

If he loses the appeal, he loses the $175 million plus everything else up to the full judgment.

He owes nothing to anybody. The Bond money is held in escrow until the case is finished. 😀

Correct, the money he OWES in the next 10 days will be held in escrow.

And it remains his until a final ruling is done. Including a Supreme Court ruling if necessary.

It The State loses, guess who appeals then. 🤣

originally posted by: Vermilion

originally posted by: chr0naut

originally posted by: Vermilion
a reply to: chr0naut

It is a bank, that manages the money of its customers and investors. The customers and investors are the ones who get 'stiffed' in fraud of this type.

The bank did their due diligence and approved the loan.
You’re saying the bank committed fraud as well. Got it. 👍

Well, that's hard to say. The bank officers could well have been complicit in the fraud, but they have plausible deniability. The valuers that the bank engaged were likely to have been complicit with the fraud, and the bank could be unaware that the valuers, or even specific officers of the bank, were crooked.

Phew LoL
That’s some mental gymnastics there buddy!
Well done.
Are you gassed now? You should be.

If there’s any crime here, it’s the bank loaning the money when they shouldn’t, thereby depriving their customers of loan proceeds.
That’s what you’re claiming now?

I just got done asking him if he makes up a new crazy story every time he’s wrong. This is becoming a bad habit.

a reply to: Mahogani

Thank you for a straight (no drama) factual answer.

originally posted by: Annee
a reply to: Mahogani

Thank you for a straight (no drama) factual answer.

Like John Gacey thanking Jeffrey Dahmer for his moral guidance.

a reply to: arcticshuffle
You guys have got to read the Democratic Underground threads on this.

Believe it or don’t…. There are even worse folks over there, than here. But I’m pretty sure some are on both boards.

There are at least three LONG bitter threads. Most of these gargoyles aren’t satisfied to be in one, they’re in all 3, going on and on and on.

originally posted by: Vermilion

originally posted by: chr0naut

originally posted by: Vermilion
a reply to: chr0naut

It is a bank, that manages the money of its customers and investors. The customers and investors are the ones who get 'stiffed' in fraud of this type.

The bank did their due diligence and approved the loan.
You’re saying the bank committed fraud as well. Got it. 👍

Well, that's hard to say. The bank officers could well have been complicit in the fraud, but they have plausible deniability. The valuers that the bank engaged were likely to have been complicit with the fraud, and the bank could be unaware that the valuers, or even specific officers of the bank, were crooked.

Phew LoL
That’s some mental gymnastics there buddy!
Well done.
Are you gassed now? You should be.

If there’s any crime here, it’s the bank loaning the money when they shouldn’t, thereby depriving their customers of loan proceeds.
That’s what you’re claiming now?

No, that completely ignores Trump as initiator and prime instigator of the fraud.

And Trump personally has been judged guilty in this case. It's done.

a reply to: chr0naut

So the banks aided and abetted Trumps massive loan scam to never miss a payment and never make a late payment.
That’s the story?

a reply to: chr0naut

The testified there was no fraud so they are in on it also? NEVER met a banker who was not trying to squeeze a little more. Everyone is a crook right?

a reply to: chr0naut

American banks can borrow from other banks if needed. So there are no "loaned out" banks. Especially the big ones like in the Trump case.

And, the case is not over. No final rulings have been issued. 🤣🤣

Man,I would LOVE to be the financial planner and/or realtor for some of you. This was not a special loan. If he defaulted, or owed something, I could see going after him and trying to prove fraud. If He inflated his values, could not make payments and in the end should owe the bank.... THE BANK.

Not the people. WTF is that. That some of you even repeat that makes me wonder how you even function on a keyboard. Seriously.

I hated purchasing multilple properties under 500k because of underwriting I cannot imagine this process. I mean, you all talk about what a business loser he is. How could he get this loan. He could say he owed the moon and it would mean nothing. They look at what you have and what you would lose. Every sale or loan. No one wants to lose money.

And no one did. All paid. With Interest.

Where is the crime?

originally posted by: arcticshuffle

originally posted by: Annee
a reply to: Mahogani

Thank you for a straight (no drama) factual answer.

Like John Gacey thanking Jeffrey Dahmer for his moral guidance.

or, asking Dahmer for special casserole recipes 😯

a reply to: matafuchs

Exactly.
Trump could have dropped a $100 bill out of his wallet and the left would get him for littering.
People are waking up.

56% of Americans see these cases as witch hunts.
That number is increasing.