Musk Responds to $354 Million Ruling in Trump’s Civil Fraud Case With One Simple Question
“Given that there were no victims with losses, who is supposed to receive the money?”
70-79, M
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ElwoodBlues · M
@sunsporter1649 says
It's cute how you pretend that a trial spanning ten weeks with 43 witnesses was only about a single loan and a single falsified value.
Trump falsified business records involving:
Trump Tower triplex apartment
40 Wall St
Vornado Realty Trust
Trump Park Ave
Seven Springs
Briarcliffe
Mar-a-Lago
Trump National Golf Club LA
Aberdeen Golf Course
Trump is thus required by law to disgorge profits made from these falsifications.
There are three groups of profits that must be disgorged, spread over five years.
Lets see, Borrows $150,000,000 against properties worth between $500,000,000 and $1,200,000,000. Pays back the money, with interest, on time. Show me the fraud
It's cute how you pretend that a trial spanning ten weeks with 43 witnesses was only about a single loan and a single falsified value.
Trump falsified business records involving:
Trump Tower triplex apartment
40 Wall St
Vornado Realty Trust
Trump Park Ave
Seven Springs
Briarcliffe
Mar-a-Lago
Trump National Golf Club LA
Aberdeen Golf Course
Trump is thus required by law to disgorge profits made from these falsifications.
Disgorgement is distinct from the remedy of
restitution because it focuses on the gain to the wrongdoer as
opposed to the loss to the victim. Thus, disgorgement aims to deter
wrongdoing by preventing the wrongdoer from retaining ill-gotten
gains from fraudulent conduct. Accordingly, the remedy of
disgorgement does not require a showing or allegation of direct
losses to consumers or the public; the source of the ill-gotten gains
is “immaterial.”
restitution because it focuses on the gain to the wrongdoer as
opposed to the loss to the victim. Thus, disgorgement aims to deter
wrongdoing by preventing the wrongdoer from retaining ill-gotten
gains from fraudulent conduct. Accordingly, the remedy of
disgorgement does not require a showing or allegation of direct
losses to consumers or the public; the source of the ill-gotten gains
is “immaterial.”
There are three groups of profits that must be disgorged, spread over five years.
Engoron ordered basically three tiers of judgements: $168,040,168 with 5~ years of pre-judgment interest; $126,828,600 with 2~ years of pre-judgment interest; and $68,000,000~ with 1~ year of prejudgment interest. The imputed rate in New York for prejudgment interest is 9%.
So, for the $168,040,168 tranche, Trump will owe $263,097,302.80 with the interest added. For the $126,828,600 (2 years), Trump will owe $151,739,452.95. For the remaining $69,026,048, Trump and/or his sons will have to pay $75,501,167.42.
For a grand total of $490,337,923.17! And each year this thing goes unpaid, Trump will owe an additional $44.1 million!
So, for the $168,040,168 tranche, Trump will owe $263,097,302.80 with the interest added. For the $126,828,600 (2 years), Trump will owe $151,739,452.95. For the remaining $69,026,048, Trump and/or his sons will have to pay $75,501,167.42.
For a grand total of $490,337,923.17! And each year this thing goes unpaid, Trump will owe an additional $44.1 million!
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sunsporter1649 · 70-79, M
@ElwoodBlues Yup, borrowed $150,000,000 on assets worth $500,000,000 to $1,200,000,000, paid it back on time, with interest. Where's the fraud besides your imagination
ElwoodBlues · M
@sunsporter1649 It's cute how you pretend that a trial spanning ten weeks with 43 witnesses was only about a single loan and a single falsified value.
Trump falsified business records involving:
Trump Tower triplex apartment
40 Wall St
Vornado Realty Trust
Trump Park Ave
Seven Springs
Briarcliffe
Mar-a-Lago
Trump National Golf Club LA
Aberdeen Golf Course
Trump is thus required by law to disgorge profits made from these falsifications.
There are three groups of profits that must be disgorged, spread over five years.
[quote]Engoron ordered basically three tiers of judgements: $168,040,168 with 5~ years of pre-judgment interest; $126,828,600 with 2~ years of pre-judgment interest; and $68,000,000~ with 1~ year of prejudgment interest. The imputed rate in New York for prejudgment interest is 9%.
So, for the $168,040,168 tranche, Trump will owe $263,097,302.80 with the interest added. For the $126,828,600 (2 years), Trump will owe $151,739,452.95. For the remaining $69,026,048, Trump and/or his sons will have to pay $75,501,167.42.
Trump falsified business records involving:
Trump Tower triplex apartment
40 Wall St
Vornado Realty Trust
Trump Park Ave
Seven Springs
Briarcliffe
Mar-a-Lago
Trump National Golf Club LA
Aberdeen Golf Course
Trump is thus required by law to disgorge profits made from these falsifications.
Disgorgement is distinct from the remedy of restitution because it focuses on the gain to the wrongdoer as opposed to the loss to the victim. Thus, disgorgement aims to deter wrongdoing by preventing the wrongdoer from retaining ill-gotten gains from fraudulent conduct. Accordingly, the remedy of disgorgement does not require a showing or allegation of direct losses to consumers or the public; the source of the ill-gotten gains is “immaterial.”
There are three groups of profits that must be disgorged, spread over five years.
[quote]Engoron ordered basically three tiers of judgements: $168,040,168 with 5~ years of pre-judgment interest; $126,828,600 with 2~ years of pre-judgment interest; and $68,000,000~ with 1~ year of prejudgment interest. The imputed rate in New York for prejudgment interest is 9%.
So, for the $168,040,168 tranche, Trump will owe $263,097,302.80 with the interest added. For the $126,828,600 (2 years), Trump will owe $151,739,452.95. For the remaining $69,026,048, Trump and/or his sons will have to pay $75,501,167.42.
sunsporter1649 · 70-79, M
@ElwoodBlues Yup, borrowed $150,000,000 on assets worth $500,000,000 to $1, 200,000,000, paid it back on time, with interest. Where's the fraud besides your imagination....
CorvusBlackthorne · 100+, M
@ElwoodBlues It is impossible to beat the @sunsporter1649 bot in games involving mindless repetition. Anyone with a mind is at a disadvantage.
Strictgram · 70-79, C
@ElwoodBlues Total nonsense. No victim, no crime. Leftist cretins cheer. Real pro Americans mourn another loss of freedom.
This message was deleted by the author of the main post.
ElwoodBlues · M
@Strictgram Looks like sunstroke is so afraid of the truth he's deleting it! He's a deletin' cretin, LOL!!!
What truth has him so terrified?
Trump brags about his secret documents on this 2021 recording. He had an aide (likely Margo Martin) using a laptop to record all his interviews, etc; this is one of those recordings. Campaign advisor Susie Wiles has been identified as one of the voices on the recording.
[media=https://youtu.be/wPyua_6ht9Y?t=39]
“As president, I could have declassified, but now I can't.”
“All sorts of stuff – pages long, look. Wait a minute, let’s see here. I just found, isn’t that amazing? This totally wins my case, you know. Except it is like, highly confidential. Secret. This is secret information. Look, look at this.”
What truth has him so terrified?
Trump brags about his secret documents on this 2021 recording. He had an aide (likely Margo Martin) using a laptop to record all his interviews, etc; this is one of those recordings. Campaign advisor Susie Wiles has been identified as one of the voices on the recording.
[media=https://youtu.be/wPyua_6ht9Y?t=39]
“As president, I could have declassified, but now I can't.”
“All sorts of stuff – pages long, look. Wait a minute, let’s see here. I just found, isn’t that amazing? This totally wins my case, you know. Except it is like, highly confidential. Secret. This is secret information. Look, look at this.”
sunsporter1649 · 70-79, M
This message was deleted by the author of the main post.
ElwoodBlues · M
@sunsporter1649 So you can't handle the truth about Trump giving away our nation's secrets. And your defense is to quote a fictional criminal's coverup speech. Interesting. Have you got a cartoon for this situation??
sunsporter1649 · 70-79, M
@ElwoodBlues We have a fictional president, so....
ElwoodBlues · M
@sunsporter1649 Keep on repeating your bulltrump! Maybe someday someone will believe it, LOL!!!
sunsporter1649 · 70-79, M
ElwoodBlues · M
@sunsporter1649 Trump brags about his secret documents on this 2021 recording. He had an aide (likely Margo Martin) using a laptop to record all his interviews, etc; this is one of those recordings. Campaign advisor Susie Wiles has been identified as one of the voices on the recording.
[media=https://youtu.be/wPyua_6ht9Y?t=39]
“As president, I could have declassified, but now I can't.”
“All sorts of stuff – pages long, look. Wait a minute, let’s see here. I just found, isn’t that amazing? This totally wins my case, you know. Except it is like, highly confidential. Secret. This is secret information. Look, look at this.”
[media=https://youtu.be/wPyua_6ht9Y?t=39]
“As president, I could have declassified, but now I can't.”
“All sorts of stuff – pages long, look. Wait a minute, let’s see here. I just found, isn’t that amazing? This totally wins my case, you know. Except it is like, highly confidential. Secret. This is secret information. Look, look at this.”
sunsporter1649 · 70-79, M
CorvusBlackthorne · 100+, M
@sunsporter1649 Oh, dear! Not sneakers! That is the surest sign of being unfit for office!
Strictgram · 70-79, C
@ElwoodBlues Usual leftist nonsense. 400 + interest fine is appropriate for no victim? If you think so you have no credibility.
sunsporter1649 · 70-79, M
@Strictgram The clown is firmly convinced Mar-A-Largo is worth $18,000,000
CorvusBlackthorne · 100+, M
@sunsporter1649 I have never met anyone so determined as you to completely miss the point.
ElwoodBlues · M
The child abusing sadist @Strictgram still doesn't understand the meaning of disgorgement??
@sunsporter1649
Trump falsified business records involving:
Trump Tower triplex apartment
40 Wall St
Vornado Realty Trust
Trump Park Ave
Seven Springs
Briarcliffe
Mar-a-Lago
Trump National Golf Club LA
Aberdeen Golf Course
Trump is thus required by law to disgorge profits made from these falsifications.
@sunsporter1649
Trump falsified business records involving:
Trump Tower triplex apartment
40 Wall St
Vornado Realty Trust
Trump Park Ave
Seven Springs
Briarcliffe
Mar-a-Lago
Trump National Golf Club LA
Aberdeen Golf Course
Trump is thus required by law to disgorge profits made from these falsifications.
sunsporter1649 · 70-79, M
@CorvusBlackthorne Lift up your hat, you will see a point
CorvusBlackthorne · 100+, M
@ElwoodBlues You will note that @sunsporter1649, in his embarrassment at being unable to follow a simple topic of conversation, is now angrily insulting other users in a pathetic attempt to distract. This is because all of his red herrings have failed to derail the conversation, and he is now in a fit of impotent rage.
Strictgram · 70-79, C
@ElwoodBlues Name the banks and individuals Trump defrauded.
CorvusBlackthorne · 100+, M
@Strictgram I think you will find they are named in the case.
Strictgram · 70-79, C
@CorvusBlackthorne What case would that be? I haven' seen any victims.
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