Judge Anil Singh’s ruling in Manhattan Supreme Court allows Trump and his two adult sons to stay in control of their companies while the former president seeks to appeal the massive fine.

The Trumps can also continue to apply for loans from financial institutions chartered or registered in New York during this time, the judge ruled

  • EvilBit@lemmy.world
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    8 months ago

    Coming soon: a 0% interest loan for 150% of his obligations from a bank owned by a Russian oligarch with a million ties to Putin.

    • rezifon@lemmy.world
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      8 months ago

      Conspiracy theory I’ll never be able to prove: the new wave of Russian sanctions that Biden enacted last week are an attempt to thwart this outcome.

    • Hyperreality@kbin.social
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      8 months ago

      Honestly wouldn’t mind.

      If they’re wasting half a billion on Trump’s legal bills, that’s half a billion that can’t be spent bombing Ukrainians.

      • Boddhisatva@lemmy.world
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        8 months ago

        It would be less than that. He needs to post the full amount in cash or a bond for that amount if he can find someone to issue the bond. Bonds are typically for a fraction of the value, say 10%, of the total. So if Trump could find a bondsman who is willing to issue a $454 million bond for him, he’d only have to pay $45.4 million. In theory, he could get one of those Russian loans for $45 million that he’ll never have to repay and then stiff the idiot bondsman when he loses the appeal.