Letitia James Wants to Block Trump From Leaving New York
Source: Newsweek
Published Feb 22, 2024 at 11:53 AM EST Updated Feb 22, 2024 at 1:55 PM EST
New York Attorney General Letitia James is asking a judge to block Donald Trump from changing his business address from New York to Florida, arguing that his executives "carry out the business activities" of the Trump Organization at Manhattan's Trump Tower.
In a Thursday letter, James urged Judge Arthur Engoron to "reject Defendants' attempt to change the business address of the six entity Defendants to Florida as the record establishes those entities are located in Trump Tower at 725 5th Avenue in New York, the office building in which the executives who carry out the business activities of those entities work."
Trump owes New York state almost $454 million, including interest, after a civil fraud trial on charges that he inflated his wealth on financial statements to deceive banks, insurers and others. Engoron handed down a nearly $355 million verdict last Friday, but that figure goes up $87,502 every day that the former president doesn't cover the bill. James has said she plans to seize some of Trump's assets if he fails to pay.
"If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets," James told ABC News on Thursday.
Read more: https://www.newsweek.com/letitia-james-wants-block-trump-leaving-new-york-1872533
rzemanfl
(29,567 posts)robbob
(3,537 posts)they should get him to surrender his passport (s).
rzemanfl
(29,567 posts)robbob
(3,537 posts)😂 or 😁. I meant it as a joke. But; if tRump is ever looking at serious jail time seizing his passport would be something to consider.
rzemanfl
(29,567 posts)PortTack
(32,787 posts)niyad
(113,524 posts)MontanaMama
(23,336 posts)I do have a favorite...
niyad
(113,524 posts)lastlib
(23,268 posts)...but in reverse order....
Broke--
then Dead--
then Flat.
I want him to see poverty, then prison, and THEN Death.
But, all things considered, I'm not all that picky......
rambler_american
(789 posts)In debt. imprisoned and interred.
1 out of 3. I think we are thinking on the same thought.
birdographer
(1,337 posts)4lbs
(6,858 posts)He can be buried in an umarked grave. Just toss his body in and throw some lime on it.
Like what they did to Mozart at the end of "Amadeus". It would be hilarious if Ivana had a better burial than Dumpy the Clown.
Broke.... well... that speaks for itself.
24601
(3,962 posts)at $4 Billion, based on share values on Feb 15th.
https://www.washingtonpost.com/technology/2024/02/15/truth-social-trump-merger-sec/
herding cats
(19,566 posts)Trump Medias key stockholders, including Trump and its management team, agreed to a common financial provision, known as a lockup period, that prevents them from selling shares for six months after the merger unless Digital World waives the agreement, according to a Digital World filing. If the merger occurs in April, for instance, Trump would not be able to sell his shares until October, at which point their value may have changed considerably.
Ritter said that in his opinion the merged companys valuation roughly $9 billion, based on Digital Worlds current price is out of sync with the Trump companys financial performance. Trump Media generated $3.4 million in revenue and lost $49 million during the first nine months of 2023, Digital World said in a recent SEC filing.
Trump Media is a money-losing company that generates less than $5 million per year, Ritter said. Digital World, he said, is in his view a classic meme stock, whose price is totally unrelated to the underlying fundamentals.
Time will tell, but I don't expect the valuation to be anywhere close to that when all is said and done and it's a sellable stock.
24601
(3,962 posts)six months after going public will be based on political factors, not just traditional market forces.
You tell me with a straight face that, for example, TFG supporters with billions to waste won't do exactly that in order to circumvent campaign contribution limits. Candidates you likely know may spend unlimited amounts on their campaigns.
Further, while the actual shares may not be sold for six months, earlier financing could be achieved with loans against expected future values as well as selling call options.
herding cats
(19,566 posts)If Trump loses in November there's going to be little value to 3rd tier social media company run by a two-time presidential loser.
I'm not sure who would loan on the shares value when that value hinges completely on such a volatile factor.
24601
(3,962 posts)A possible residual stock value just makes this type of investment (contribution) even more financially attractive. I can imagine Musk buying $10B. If it's ultimately worthless, he doesn't seem to mind that much. If it's $10B worth of influence with an additional $5B stock value (presuming a 50% drop), then so much the better.
https://www.opensecrets.org has plenty of donor data to browse.
Bayard
(22,128 posts)If he's flat broke, she won't have a reason to hang around. I'm betting she has funds stashed away.
Lonestarblue
(10,050 posts)She hasnt had a job in years, and I doubt her NFT art brought in enough money to fund her lifestyle. Time to exercise that prenup.
wolfie001
(2,264 posts)She's a malignant ___________! Please fill in the blank.
4lbs
(6,858 posts)to make sure that herself and son Baron were well taken care of?
I'm sure she learned quickly to get all that money upfront, and not accept an IOU or debit from the orange oompa-loompa.
Although, like her jacket said, "I Don't Care..."
Farmer-Rick
(10,202 posts)Into a weird alien look that is almost a duplicate of Melania's look.
If Ivanka were to allow her roots to grow out, I bet she would be Melania's twin. Maybe they are the same person?
getagrip_already
(14,822 posts)Her money is his money while they are married, and visa versa. Doesan't matter what pre or post nup agreements exist, marital assets are common.
There are some types of trusts that can survive bankruptcy and civil suits, unless it is for a specific type of verdict, which fwiw, the defamation case is.
So her money is up for grabs as soon the easy to find funds are gone.
Suck it up mel......
TigressDem
(5,125 posts)For once, tRUMP should take his own words seriously.
JUST PAY THE DAMM BILL fraudster.
MontanaMama
(23,336 posts)we will let Russia have their way with you!
TigressDem
(5,125 posts)And it's creepier when you think of all the ways tRUMP has had his way over the years.
EWWWW.
johnnyfins
(828 posts)Love when diaper man goes into his "street" NY accent. :/
What a fucking loser...
TigressDem
(5,125 posts)Because those are words a NY man understands.
Amirite?
bdamomma
(63,917 posts)the orange pus job even understands what NATO does? or even the funding?
Just inserting this information.
https://www.nato.int/cps/en/natohq/topics_67655.htm
TigressDem
(5,125 posts)Since NATO doesn't make him any money, it doesn't matter to him.
Response to TigressDem (Reply #7)
bdamomma This message was self-deleted by its author.
bigmonk
(54 posts)A legal maxim is "Flight is indicative of guilt." Old Man Donald's attempt to flee jurisdiction to a blatant admission of guilt and should be treated as such.
C_U_L8R
(45,017 posts)I thought he tried this stunt before with no success. But clearly that doesn't deter the orange meathead.
BumRushDaShow
(129,348 posts)I.e., -
Am guessing this means the liable defendants - 45 & family and a couple others - may try to claim they "don't work in NY at that address and work in FL" instead.
progressoid
(49,996 posts)bluestarone
(17,017 posts)His MONITOR!! Where is his money (all of it from different sources) and how much does he have and is he being watched!
slightlv
(2,828 posts)postponement earlier. Judge Engoron just K'O'd that, I read. I think he wanted that 30 days to move these corporations addresses and associated bigwigs to Florida, in order to plead they're no longer NY entities. And of course, de Santis would have smoothed the way for whatever he wanted. Good on Letitia James and the Judge on keeping up and thinking through his criming machinations. I sure couldn't do it!
maxrandb
(15,347 posts)Put him on the AGs staff, and then have him do nothing but think of the most ludicrous, corrupt, flamboyant ways in which someone could commit fraud.
That way you'd be one step ahead of Donnie Dipshit when he tries to pull this shit.
machoneman
(4,007 posts)pursued in FL for payments due. They would shield him from all attempts to root his sorry ass out of Mara-loco.
ancianita
(36,130 posts)Historic NY
(37,452 posts)SleeplessinSoCal
(9,135 posts)There have been rumors that he sold it for $1 to a family member.
He's giving free lessons on how to play the system by mob rules.
When he bought the place he immediately started suing.
https://www.vanityfair.com/style/2016/12/how-donald-trump-beat-palm-beach-society-and-won-the-fight-for-mar-a-lago
I never imagined that in the 21st century we'd be a country of crooks to this extent. Although, I recall after the 2000 election exposed GW Bush cheating at Yale, there was a book about us as a "cheating culture".
"A public policy expert reveals how decades of deregulation and increasing inequality have fostered a culture of cheating across America."
underpants
(182,866 posts)Link to tweet
?s=46&t=3VBm1LJ8j8qLp6JTs_8J2A
I am at a loss for words.
ancianita
(36,130 posts)Those attorneys should lose their licenses to practice in the State of NY.
Thanks for the update, underpants!
AllaN01Bear
(18,341 posts)now that does compute .
VGNonly
(7,504 posts)The Trumpinator bobble head dolls, Trump sneakers, Trump trading cards and the famous Trumpy Bear stuffed toy!
Happy Hoosier
(7,372 posts)until the judgement is paid and if The Trump Org halts ALL business in New York.