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WorthyNews:Trump Family Fumes Over Half A Billion In Fines


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By Stefan J. Bos, Chief International Correspondent Worthy News

NEW YORK (Worthy News) – Donald J. Trump was weighing his options Saturday after the former U.S. president and his trust were ordered to pay $453.5 million in penalties and interest, a ruling experts say could leave him without cash and tarnish his image as a successful billionaire.

The staggering fines came after last month, a federal jury in Manhattan ordered Trump to pay $83.3 million to writer E. Jean Carroll in a defamation case stemming from her claims that he sexually assaulted her in the mid-1990s

Questions were raised Saturday about how the 77-year-old Trump will pay the combined $536.8 million in losses from two damaging courtroom defeats.

Trump says both cases were “political hit jobs” aimed at stalling his campaign for the Republican presidential nomination, and he’s vowed to appeal.

However, the judge, Arthur F. Engoron, agreed with prosecutors that Trump fraudulently inflated the value of real estate holdings, including his own Trump Tower in New York City and his penthouse and his private club in Florida, to receive favorable loans.

The judge also barred Trump from serving as an officer or director of a New York company for three years and his adult sons for two. One of them, Eric Trump, is the Trump Organization’s de facto chief executive, and the ruling places the leadership of the business in uncertain territory, commentators said.

NEW YORK SKYLINE

Trump Organization executive vice president Eric Trump condemned the ruling, saying his father revitalized and rebuilt much of New York City’s skyline as the city fell on hard times in the 1980s and 90s.

“My father built the skyline of New York City: And this is the thanks he gets for doing absolutely nothing wrong,” Eric Trump stressed.

In one of the more noted instances, the elder Trump partnered with Hyatt Hotels in 1976 to revamp the ailing Commodore next to Grand Central Terminal, the New York Post newspaper recalled.

He quarreled with then-Mayor Ed Koch in the 1980s over major projects, leading the Democrat to claim he wouldn’t “believe Donald if his tongue was notarized” and Trump reportedly saying Koch’s mayorship was unique in being both “corrupt and incompetent.”

Trump now has 30 days to come up with the money or secure a bond that would guarantee the State of New York that he has the money to pay while his court appeals are pending.

That’s easier said than done: Justice Engoron prohibited Trump and his company from applying for loans with banks registered in New York for three years. And lenders may not stand in line to pay his vast bills.

THORN IN SIDE

Another problem for the elder Trump is the judge strengthening the hand of Barbara Jones, an independent monitor he assigned to oversee the Trump Organization.

The Trump family is furious that he extended her three-year appointment with new authority.

She has reportedly been “a thorn in the side“ of the firm, and Trump’s lawyers complained that her work has already cost them more than $2.5 million.

The judge asked Jones to appoint an independent director of compliance as her eyes and ears, reporting to her from within the company’s ranks.

With pressure mounting, there are fears among family members and friends that Donald J. Trump will have to start selling real estate as even the man with a billionaire image will one day have to pay his bills.

The post Trump Family Fumes Over Half A Billion In Fines appeared first on Worthy Christian News.

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Trump bucked the political system of the elite, they are not going to settle for anything other than his total destruction as punishment for it.

It's that old "You can't fight city hall" thing on steroids and then on steroids on top of that.

Resistance is futile, you will be assimilated.

Or be dead.

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Or he could have not used shady business practices. And been a molester.

Character was everything, so they said back in the day. Now it does not matter at all. Tribe over truth.

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19 minutes ago, teddyv said:

Or he could have not used shady business practices. And been a molester.

Character was everything, so they said back in the day. Now it does not matter at all. Tribe over truth.

You make accusations against him, are you willing to stand behind those accusations as truth come the Judgment?

Accusations against another are serious business, we end up judged by the same standards we use to judge others.

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23 hours ago, FJK said:

You make accusations against him, are you willing to stand behind those accusations as truth come the Judgment?

Accusations against another are serious business, we end up judged by the same standards we use to judge others.

I am not making accusations. We have judgments against him by a court of law. 

He probably should have realized that becoming such a public figure would bring much greater scrutiny and exposure to all his dealings.

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2 minutes ago, teddyv said:

He probably should have realized that becoming such a public figure would bring much greater scrutiny and exposure to all his dealings.

That is a judgment.

That "court of law", among other things, found that Mar-a-Lago was worth only 18 million, do you believe that? If you do you need to do some research into property values there and after that decide if that Judge committed fraud himself by declaring it to be only worth that to lead to that decision against him.

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On 2/18/2024 at 9:44 AM, FJK said:

That is a judgment.

That "court of law", among other things, found that Mar-a-Lago was worth only 18 million, do you believe that? If you do you need to do some research into property values there and after that decide if that Judge committed fraud himself by declaring it to be only worth that to lead to that decision against him.

And now with the red herrings. 

As I said earlier, tribe over truth.

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5 minutes ago, teddyv said:

As I said earlier, tribe over truth.

And how do you determine what is truth?

That's not a simple question, it becomes quite complex when looking under the surface.

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