So, Trump will lose the appeal, KISC will be left with the bill they can’t pay, they’ll fight it on the grounds that they’re not based in NY and delay the judgement by tieing it up in the courts. If Trump wins, he uses his influence to either get them off the hook, or he’ll funnel dirty Russian money into KISC to pay it off for them.
That’s why was clear that he would either make it disappear using his position as dictator, or use someone else’s money.
Stiffing them is definitely in the cards too though.
No, in another article from last week, he had put the amount they wanted in a separate bank account for them. It was more than the settlement amount. The bonder, at the least, isn’t going to lose money from Trump.
If that money is not serving as multiple collateral at once. Stiffing creditors is a big part of the Trump game.
And keep in mind, by the time he would lose on appeal trump owes 500 million. The government will then ask the bondsman for the 175 million and ask/ take from Trump any assets to complete the fine, starting with liquid assets like a bank account with cash then auctioning off illiquid assets for cash.
How the bondsman recupes from Trump is the bondsman’s problem. But I cannot imagine they have dibs on his cash.
So, Trump will lose the appeal, KISC will be left with the bill they can’t pay, they’ll fight it on the grounds that they’re not based in NY and delay the judgement by tieing it up in the courts. If Trump wins, he uses his influence to either get them off the hook, or he’ll funnel dirty Russian money into KISC to pay it off for them.
Or Trump will tell Knight Specialty Insurance to pound sand like he does with all his other bills
I mean, he didn’t even pay Rudy, and that man stood in a goddamn landscaping company forecourt to defend his election stealing attempt.
Refusing to pay back a loan is straight “for me it was Tuesday” territory. Serves them right for lending it to him.
This is exactly what will happen. Unfortunately that turns it into a civil case so Donald would be able to successfully keep his money.
That’s why was clear that he would either make it disappear using his position as dictator, or use someone else’s money.
Stiffing them is definitely in the cards too though.
No, in another article from last week, he had put the amount they wanted in a separate bank account for them. It was more than the settlement amount. The bonder, at the least, isn’t going to lose money from Trump.
If that money is not serving as multiple collateral at once. Stiffing creditors is a big part of the Trump game.
And keep in mind, by the time he would lose on appeal trump owes 500 million. The government will then ask the bondsman for the 175 million and ask/ take from Trump any assets to complete the fine, starting with liquid assets like a bank account with cash then auctioning off illiquid assets for cash.
How the bondsman recupes from Trump is the bondsman’s problem. But I cannot imagine they have dibs on his cash.
No, they will add that this will be subject to NY law. Plus some other bits. It was discussed here: https://youtu.be/wEOuLQ_x8yY
Video has an ex-judge that was in the courtroom.