The Trump Crime Family - Legal Issues

[RickeyM]

Originally Posted by Rajoo

I believe "isn't it past your jail time" comment really hit home, the one thing DJT is desperate to avoid. And this was during the Oscars which draws a huge worldwide audience.

I just might get me one of them "Isn't it past your jail time" T-shirts or at least the coffee mug.

[finnbow]

[Rajoo]

Interesting article regarding DJT's $450M bond commitment due next Monday.

One option for him is to declare bankruptcy and that will let him totally avoid paying anything to the state of NY, especially if his properties are mortgaged to the hilt.

But it seems he does not want to though he is well versed in bankruptcies. And the reason is.....he does not want his cult to think that he is not an uber-successful businessman. If only they could read instead of listening Faux and YouTube podcasts. Doesn't six bankruptcies give one a clue? Is this what we call "blissful ignorance"?

[RickeyM]

Is he allowed to declare bankruptcy to dodge the settlement? If that's the case wouldn't that be open for anyone else do it too?

[Rajoo]

Originally Posted by RickeyM

Is he allowed to declare bankruptcy to dodge the settlement? If that's the case wouldn't that be open for anyone else do it too?

A Chapter 7 bankruptcy forgives one of all financial obligations and IRS gets the first dibs. But if I were to do it to get out of my debts, my future will be ruined, all caps.

A Chapter 11 will keep the creditors at bay for a while as a court watches you closely as you get your act together.

[Rajoo]

Trump Media, launched after an insurrection, faces rebellion of its own

After Trump was booted from Twitter following the Jan. 6, 2021, insurrection, three men played pivotal roles in building and promoting Trump Media as an online challenger against the “cancel culture” of Big Tech: Andy Litinsky and Wes Moss, former “Apprentice” contestants who co-founded the company and launched Truth Social; and Patrick Orlando, who as chief executive of Digital World, a special purpose acquisition company, or SPAC, offered Trump’s company a path to investor cash.

But all three are now leading a rebellion of their own, confronting and potentially imperiling a trophy of Trump’s post-presidential ambitions. Their lawsuits call into question how Trump Media’s shares will be distributed, and a legal victory could chip away at Trump’s equity during a time when he is facing a cash crunch.

I am surprised that the SEC allowed this merger to go forward especially after fining the company $18 million for financial improprieties (Russian money laundering). Or perhaps they thought, the MAGA cult will blame Biden for blocking Trump's payday. Its the MAGA cult who will be fleeced with this IPO, a company (Truth Social) with revenues of $3Million and losing Million$ valued at $1.7 Billion and then going public via an SPAC. And the vote is set for today with multiple lawsuits trying to block it.

As a footnote, some of these troubles was caused by Trump himself, he was twisting Patrick Orlando's arm to give a lot of his shares to Melania, for free of course.

https://www.washingtonpost.com/techn...rger-lawsuits/

[finnbow]

Originally Posted by Rajoo

Trump Media, launched after an insurrection, faces rebellion of its own

I am surprised that the SEC allowed this merger to go forward especially after fining the company $18 million for financial improprieties (Russian money laundering). Or perhaps they thought, the MAGA cult will blame Biden for blocking Trump's payday. Its the MAGA cult who will be fleeced with this IPO, a company (Truth Social) with revenues of $3Million and losing Million$ valued at $1.7 Billion and then going public via an SPAC. And the vote is set for today with multiple lawsuits trying to block it.

As a footnote, some of these troubles was caused by Trump himself, he was twisting Patrick Orlando's arm to give a lot of his shares to Melania, for free of course.

https://www.washingtonpost.com/techn...rger-lawsuits/

Everything Trump Touches Dies

[RickeyM]

Originally Posted by finnbow

Everything Trump Touches Dies

[Rajoo]

In this instance, its lot more than the Trump curse.

The SPAC is taking a company, nominally their revenues are under $40 Million a year and valuing it at $1.7Billion and find enough suckers to pay the inflated stock price through an IPO. In fact, they are expecting the stock to go higher and why Trump (who owns 90% of the SPAC) is expecting a $4Billion payday, except even he knows it will only last for a day or two and why he is asking permission to sell his stocks on the day of the IPO, instead of waiting the required six months. I expect the stock to tank at the end of the first day with vultures cashing out leaving the clueless Goobers holding on to a worthless asset.

[Chicks]

Letitia James takes first steps to seize Donald Trump’s New York assets
The attorney general files notice of the ex-president’s fraud judgment in Westchester County, home of his golf club and Seven Springs estate
https://www.independent.co.uk/news/w...-b2516680.html

Coming soon, the Westchester Public Golf Course, and the Seven Springs homeless shelter, lol.