She doesn’t get anything yet until after the appeal but once she wins, the cash is sitting there waiting for her.Quote:
Originally Posted by Hibs4185
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She doesn’t get anything yet until after the appeal but once she wins, the cash is sitting there waiting for her.Quote:
Originally Posted by Hibs4185
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Hopefully he will be bankrupt and in jail by thenQuote:
Originally Posted by Ozyhibby
Looks like trump has posted his $90 million bond by getting a bond/loan from a Russian backed business called Chubb.
Nothing dodgy there then.
Amazing how a billionaire with all this cash, needs a loan for 90 million.
Chubb is a multi-national which operates in over 50 countries including UK and the US as well as Russia.Quote:
Originally Posted by Hibs4185
It’s not been accepted yet. Tomorrow afternoon before we find out if the lawyers object to it.Quote:
Originally Posted by Hibs4185
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That the keys and locks company?Quote:
Originally Posted by greenginger
No.Quote:
Originally Posted by JimBHibees
Chubb locks n keys was a brand name owned by Assa Abloy…a rather large Swedish conglomerate. I think the brand is actually dead now.
Chubb financial is completely different.
The origins of why both have / had the Chubb name I have no idea but sounds like a good afternoon for some rabbit hole Googling!
Ok cheersQuote:
Originally Posted by RyeSloan
Basically both originally set up by people with the surname Chubb. No relation to each other, I don't thinkQuote:
Originally Posted by RyeSloan
And chubb locks are still available.Quote:
Originally Posted by overdrive
Looks like Trump can’t come up with the bond for the 25th March deadline. Shame.
Looking forward to seeing his assets start to get seized from next week.[emoji106]
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Just read that, the fact his lawyers are admitting such suggests that he has no chance of raising it.Quote:
Originally Posted by Ozyhibby
Would love to see him get his assets seized, just hope it doesn’t give him a bounce in the polls
We're talking about the man who managed to bankrupt his own Casinos. How can anyone bankrupt a money making machine?Quote:
Originally Posted by Hibs4185
Read this on Quora a while recently
Ridiculous debt. Trump financed the casinos with junk bonds at high interest rates, that had a slim chance of being repaid even if the casinos were successful. I’m pretty sure he knew this, and so after taking his cut simply planned on running, leaving investors holding the bag. When I first got into gambling someone once told me, “Whenever you win, put some away, then gamble with the rest of the winnings, then stop. Gamble with the casino’s money, not your money”.
Overexposure. Atlantic City was already full of casinos. Trump wasn’t the first guy to dream about “the East Coast Las Vegas”. To add one more casino to the mix would be a significant risk. However, Trump at one point was running FOUR Atlantic City casinos. He thought that by having four of them, he might get four times the gamblers. Nope. He got the same number of gamblers, now spread across four casinos, at four times the price.
Per above, I believe Trump had approached this situation with his real estate thinking, believing that four properties might net four times the revenue, like tenants and rents. Haha, totally different animals. Gamblers aren’t signing leases, moving into casinos, and paying rent. There’s only so many gamblers, thankfully a small percentage of the population, who aren’t at all like the majority of people who might be looking for residential or office space.
Location. At that time in the 80’s, many of the high rolling gamblers were coming in from Asia. Trump knew this and had concierge offices with Chinese and Japanese speakers set up in his casinos. But AC was quite out of their way across the country, while most of them would be flying into LAX, where LV was only a short hop away.
Indian casinos. A few years after Trump had got his casinos running, the US Govt cut a deal with the Native American tribes of the nation, for them to open casinos on their land. Much of this land was in New England, near NYC and AC. This had a devastating effect on Trump’s and the rest of AC’s casinos.
Image. For some reason Trump has a well-known penchant for gaudy, ostentatious design. Lots of fake gold trim and opulent accents must surround everything of his. It very much seems to scream, “Look at me, I’m rich”. But like the old saying, money can’t buy taste. This was very off-putting to many, who’d rather stay and gamble at classier properties.
Terrible business relations. Trump was well-known for being a cheapskate, demanding the lowest bid on construction projects, who he’d then delay in paying, or not even paying at all. The result, his casinos were terribly built. Guests often complained of issues with their rooms, lights and plumbing not working, and leaks. Word got around and this affected business. Years later as seen here, the abandoned Trump Plaza then actually started crumbling, so was deemed a public safety hazard and ordered demolished. A fitting metaphor for Trump’s casino ventures, as well as most other things that are Trump in America.
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https://thehill.com/regulation/court...in-fraud-case/
4 days to go. The only way he gets out of paying is declaring bankruptcy before Monday otherwise the state will move to seize his properties. If he goes for bankruptcy then Friday would need to be the day. Will be very interesting to see which way he goes.
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Surprised Elon hasn’t put the money up for him.Quote:
Originally Posted by Ozyhibby
Genuinely thought this might happen too.Quote:
Originally Posted by silverhibee
Hadn’t thought of this but surely no way he gets involved in such toxic politics?Quote:
Originally Posted by silverhibee
His shareholders in his companies would freak out and I’m sure Tesla etc would drop in value. Maybe wouldn’t matter to him of course
Have you seen what he allowed onto X/Twitter since he bought it. Not to mention his own habit of liking horrendous bulls...Quote:
Originally Posted by Hibs4185
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Take it you don’t do twitter, he is knee deep in politics with his chat on his platform, very anti Biden and seems pro Trump, every hour is a post from him about immigration and how illegals are killing American citizens, bet you he employs plenty of them.Quote:
Originally Posted by Hibs4185
It’s a lot of cash even for billionaires to just give away.Quote:
Originally Posted by silverhibee
I think he’ll find a way to get the bond but he’ll likely have to give up some of his assets. If he doesn’t then he is in big trouble.
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What a champ.[emoji23]
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Kim Jong what's his name could not have written it better.Quote:
Originally Posted by Ozyhibby
America needs it's collective head examined just by giving this lunatic the chance to be president.
In the UK people voted for a party which chose Liz Truss to be Prime Minister. Liz Truss. It's not just America.Quote:
Originally Posted by DaveF
He should get bare chested and ride around on a big white horse ala Mad Vlad Putin. It's what real champs do.Quote:
Originally Posted by Ozyhibby
He is going to win the darts world championship today then become boxing's undisputed world welterweight champion straight after.
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Being a blowhard about some dodgy golf round is the USA equivalent to a Russian President riding a horse bareback.Quote:
Originally Posted by Bostonhibby
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Donna is right up there with Kim Jong Un in the Strangest Shape in a Strange Shaped Suit and Matching Hairstyle World Championship.Quote:
Originally Posted by Kato
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https://x.com/lauraloomer/status/177...dxJXScFNwz8V4A
Another 10 days to pay and bond amount reduced to $175m.
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Trump at the Manhattan DA criminal hearing in NY before dealing with his lack of bond for his civil case under Judge Engoron. Trump's lawyer after starting with diversionary tactics is getting torn a new one my Judge Jaun Merchan. Trump and his lawyer have been asked to cite cases where there was clear judicial misconduct by the Manhattan DA and by the Judge himself. Said the lawyers pattern of delays has been going on for months. Before going into a break Merchan stated the Manhattan DAs office went so far above and beyond what they were required to do, that "it is odd that we're even here"
Merchan after recalling the court offered a 30 day adjournment. In doing so he got Trump's lawyer to agree that certain things they have been saying are simply not true ( a tactic of giving him enough rope etc). He also pointed out that with Trump's lawyers experience in the SDNY prosecutors office he should know fine and well that he could have done what he is doing now, months ago. I think they are at another break now but this is not going well for Trump or his lawyer. I think NY state appeals court lowers Trump's bond to $175mil.
TLDR? NY state appeals court lowers Trump's bond to $175 million for civil fraud judgment while Judge Juan Merchan notes a "pattern" of discovery misconduct in Trump's criminal case.
Trump hush money trial to start on 15th April Donald Trump's $464m deadline and Stormy Daniels hearing - live updates - BBC News from 17:03
Trump said afterwards
"they are doing things never done before, it happens in third world countries" and "the judge cannot go fast enough to get this started" Biden & his thugs etc etc etc, Trump has pleaded not guilty to 34 counts of Fraud related to an alleged cover-up of that payment in his accounts.
ermm probably because they've never had such a bent corrupt crooked PoS for an ex-president before, ya radge
and maybe if yer lawyers hadn't spent so many months with stalling tactics it would have been started a lot earlier, ya radge