MicroWaveFeb 22, 2024

'A lot of money': Trump owes $87K in interest per day until he pays the fine in his civil fraud case

https://lemmy.world/post/12246127

'A lot of money': Trump owes $87K in interest per day until he pays the fine in his civil fraud case - Lemmy.World

Former President Donald Trump owes an additional $87,502 in post-judgment interest every day until he pays the $354 million fine ordered by Judge Arthur Engoron in his civil fraud case, according to ABC News’ calculations based on the judge’s lengthy ruling in the case. Judge Engoron on Friday fined Trump $354 million plus approximately $100 million in pre-judgment interest in the civil fraud case brought by New York Attorney General Letitia James, after he found that Trump and his adult sons had inflated Trump’s net worth in order to get more favorable loan terms. The former president has denied all wrongdoing and has said he will appeal. Engoron ordered Trump to pay pre-judgment interest on each ill-gotten gain – with interest accruing based on the date of each transaction – as well as a 9% post-judgment interest rate once the court enters the judgment in the case.

Show threadMacN'CheezusFeb 22, 2024
Everyone ITT: “unreasonable and excessive punishment is great as long as it happens to someone I hate”
Show threadsome_designer_dudeFeb 22, 2024
What’s unreasonable and excessive about any of this?
Show threadMacN'CheezusFeb 22, 2024

Because it was literally a victimless crime.

  • He overstated is net worth in a loan application to obtain a lower interest rate
  • The bank approved, gave him the money, and he paid it all back, with interest
  • The bank, upon finding out, declined to sue him and even said they’d be happy to work with him again in the future
  • The NYC AG decided to sue anyways because it’s technically not allowed to misrepresent your income on a bank form
  • The judge decides on an excessive amount of fines simply because they hate him and want to ruin his campaign

I don’t care how much you hate Trump, this is just plain dirty, like kicking your opponent in the nuts in a fist fight.

Show threadsome_designer_dudeFeb 22, 2024

So your legal defence on behalf of Trump is, “your honour, who did my law-breaking hurt?”

You’re myopically fixated on a single case, too. Do the other 90 open cases against him somehow bolster your confidence in his innocence here? He’s being “attacked” because he’s a fucking crook. They will win some and lose others, but where he legally fucked up, he’ll face consequences. Period.

“Who’d he hurt?” Ri-goddamned-diculous.

Show threadMacN'CheezusFeb 22, 2024

No, that’s literally his own defense, I just happen to agree with it.

Imagine you lie on your resume and inflate your experience in order to get a certain job. They hire you and pay you 20% over what you would have qualified for based on your actual experience, but you do a good job and your manager just happy with your performance, and when you leave, they give you a good recommendation for you next job. Five or ten years later, you’re just about to make a downpayment for your first house, and suddenly, not your employer, but the government shows up and sues you because lying on your resume is illegal, and they demand you pay all the extra money you earned PLUS interest and fines.

That’s sorta how petty this case is. And if you cheer for this kinda stuff, you deserve for it to happen to you.

Show threadAsafumFeb 22, 2024

Who says lying on your resume is illegal? If it was illegal then you broke the law and face the consequences of your actions, the most “conservative” thing you can do: own up to your life choices.

All that said, I personally am “stuck” in the position I’m in because I don’t lie on my resume. I don’t want to suffer the consequences of my lie.

Show threadMacN'CheezusFeb 22, 2024
I didn’t say it was. To be honest, I don’t know if it is, I was just trying to draw a comparison that would be easier to relate to for the average person.
Show threadsome_designer_dudeFeb 22, 2024

But in doing so you illustrate how you miss the point.

We don’t drag Trump through the courts because we hate him. We hate him for his crimes, and the courts are where we prove them.

Show threadMacN'CheezusFeb 22, 2024
Do you hate Biden for his crimes as well? Should he be brought to justice too, or is that different?
Show threadAsafum

If he committed crimes and is found to be guilty then toss him in with the rest of the criminals. I don’t think anyone here has an issue with that. The only issue would be with “crimes” that only seem to have evidence in the hands of political actors that never seem to end up in the hands of the justice system so they can actually do something about it, the mysterious hunter laptop that UPS magically lost from the blind repair guy who decided to look into it comes to mind.

Unfortunately in our society we are the only ones that face justice. If you’re rich or in politics you get to point the finger elsewhere and cry “unfair bias!” or for the wealthy, just pay a lawyer to make it all go away.

Feb 22, 2024 at 5:12pmWeb
Show threadMacN'CheezusFeb 23, 2024

The laptop was authentic, even the FBI has admitted that by now. Stop spreading misinformation.

…house.gov/…/testimony-reveals-fbi-employees-who-…

www.msn.com/en-us/news/politics/…/ar-AA1cUoyd

The 51 intelligence officials who signed a letter saying that it was “Russian disinformation” have since been identified as part of a Biden campaign operation to help get him elected.

nytimes.com/…/republicans-hunter-biden-laptop.htm…

According to some polls, almost 20% of Biden voters said they would have changed their vote to Trump if they had known that the laptop was authentic (disregard the “false” rating here, that applies to the 53% that was originally claimed. I’m referring to the 19.6% figure they say is accurate, because it likely would have still been enough to change the outcome).

So, now that you know this, what should be done about this? Biden clearly lied to the public and obtained his victory under false pretenses. Seems far more serious of a crime than cheating a bank out of a few million dollars in interest, no?

Testimony Reveals FBI Employees Who Warned Social Media Companies about Hack and Leak Operation Knew Hunter Biden Laptop Wasn’t Russian Disinformation

WASHINGTON, D.C. – On July 17, 2023, the House Judiciary Committee and Subcommittee on the Weaponization of the Federal Government conducted a transcribed interview of Laura Dehmlow, the Section Chief of the FBI’s Foreign Influence Task Force (FITF).

House Judiciary Committee Republicans