{"id":2202207,"date":"2024-03-19T19:43:03","date_gmt":"2024-03-19T23:43:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-dems-try-to-bankrupt-trump-its-incredibly-ugly\/"},"modified":"2024-03-19T19:48:38","modified_gmt":"2024-03-19T23:48:38","slug":"the-dems-try-to-bankrupt-trump-its-incredibly-ugly","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-dems-try-to-bankrupt-trump-its-incredibly-ugly\/","title":{"rendered":"Democrats Attempt to Financially Ruin Trump in Nasty Battle"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fthe-dems-try-to-bankrupt-trump-its-incredibly-ugly%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2202207&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>A Heavyweight Legal Blow for President Trump<\/h2>\n<p>In a remarkable twist of events, the courts in New York have dealt a staggering financial blow to former President Donald Trump. With a judgment set at a whopping\u2062 <strong>$454 million<\/strong>, the \u200cfinancial repercussions for Trump are\u200d substantial.\u2063 At the helm of this case was Judge Arthur\u2062 Engoron, who oversaw the civil \u200bfraud allegations leveled\u2063 against Trump with a\u200b particularly \u2062scrutinizing eye.<\/p>\n<h3>The\u2064 Strategy Behind\u2063 Choosing \u2063Civil Court<\/h3>\n<p>The decision to prosecute \u200cin civil rather\u200b than <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/saudi-court-jails-womens-rights-activist-posing-challenge-for-biden\/\" title=\"Saudi court jails women\u2019s rights activist, posing challenge for Biden\">criminal court<\/a> is a tactical move. The civil court\u2062 system requires a lower burden of proof, which made it \u2064an \u2063attractive venue for pursuing Trump\u2063 on\u2064 allegations of \u200dfraud. If\u200c you&#8217;re bewildered by the \u2064sheer size of\u2064 the judgment, you&#8217;re \u2064not alone. <\/p>\n<h3>Attorney \u2063General&#8217;s \u200dControversial \u2063Approach<\/h3>\n<p>Attorney General Letitia James \u2063has been under\u2062 the scanner for apparently targeting \u200dTrump from \u200bthe get-go. \u200cProsecutors \u2064typically aim to \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/abortion-abolition-groups-urge-supreme-court-to-overturn-roe-v-wade\/\" title=\"Abortion Abolition Groups Urge Supreme Court To Overturn Roe v. Wade\">administer justice<\/a> for crimes committed,\u200b not to \u2063single out individuals.\u2063 But in this case, critics suggest that James may \u200bhave\u2063 had \u2062the\u2062 former President in her crosshairs from the beginning, thereby potentially tainting \u200cthe legal process with bias.<\/p>\n<h3>Where Were the\u2064 Damages?<\/h3>\n<p>Interestingly \u2062enough, there were no\u200c reported losses suffered by the banks \u200binvolved. They had all\u2062 received their loaned\u2064 sums back in full. The accusation here is instead centered on Trump allegedly amplifying the value of his properties, which in turn is framed as\u2062 a \u2063defrauding of New Yorkers, despite\u200d the absence of tangible damages.<\/p>\n<h3>The Legal Aftermath\u200b and Bond Posting<\/h3>\n<p>For Trump to challenge the verdict, he needed to \u200dsecure a bond matching the judgment amount \u2064- all <strong>$454 million<\/strong> of it. However, most of Trump&#8217;s wealth\u200c isn&#8217;t in \u2062liquid form, \u2064but tied up in assets like real\u200b estate and stocks, complicating the process of securing such a bond.<\/p>\n<p>If \u2064Trump \u200bfails to post the required bond, \u2064he \u2062faces the risk of\u2064 having \u200dliens placed\u2062 on his\u2063 properties. The \u200cstate&#8217;s Attorney General, Letitia James, has\u200c even signaled\u2062 readiness to seize\u200d Trump&#8217;s assets should he default on payment.<\/p>\n<blockquote>\n<p>Trump&#8217;s \u200ddilemma is compounded by the risk of the bond-guarantors; they could lose\u200d their\u2064 money if\u2064 Trump&#8217;s \u200dappeal \u200bfails and he is\u2063 unable to pay, essentially having to \u200cseek reimbursement\u2062 from Trump himself.<\/p>\n<\/blockquote>\n<p>This \u2062development poses a real possibility of disrupting Trump&#8217;s\u2063 financial empire as he struggles\u200b to \u200dmeet the \u200bbond requirements within the stipulated timeframe,\u200d thus hindering his ability to finance\u2064 legal \u2063defenses in other \u200dmatters.<\/p>\n<h3>Are\u2063 Assets \u2062Safe in New York?<\/h3>\n<p>The implications of this case extend beyond Trump. It\u2062 raises worrisome questions about asset \u200dsecurity\u2063 within New\u200b York&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/media-bias-101-pro-life-restrictions-vs-pro-abortion-protections\/\" title=\"Media Bias 101: Pro-life \u2018Restrictions\u2019 vs. Pro-Abortion \u2018Protections\u2019\">legal climate<\/a>, potentially provoke capital\u200d flight from the \u2063state.<\/p>\n<h3>An \u2063Unprecedented Legal Saga<\/h3>\n<p>All in all,\u200b Trump&#8217;s current predicament is unrivaled in its\u200d peculiarity.\u2064 Not only is the monetary judgment extraordinarily\u200d high given the circumstances, but the\u2063 process \u200cis also being lambasted by many as a \u200btextbook\u2063 example of \u200bmalicious prosecution.<\/p>\n<p>This case throws into \u2063sharp\u200b relief the potential use of judicial mechanisms\u2063 as political \u200ctools, \u200bprompting \u200cdeep concerns about the impartial application\u2062 of the law. It&#8217;s not\u2064 just about Trump; \u200bit&#8217;s about ensuring a fair and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-announces-kamala-harriss-agenda-for-nationwide-tour-in-2024\/\" title=\"White House reveals Kamala Harris's 2024 nationwide tour agenda\">equitable \u200cjustice system<\/a> for all.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York courts hold President Trump liable for a $454 million judgment in a civil fraud case. Under Judge Arthur Engoron, the civil setting favored the prosecution due to its lower burden of proof compared to criminal court<\/p>\n","protected":false},"author":161,"featured_media":2202208,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/03\/GettyImages-2097474762.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2202207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/dw-wp-production.imgix.net\/2024\/03\/GettyImages-2097474762.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2202207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/161"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2202207"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2202207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2202208"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2202207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2202207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2202207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}