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New York State AG Leticia James has filed a civil fraud lawsuit against Trump

Discussion in 'BBS Hangout: Debate & Discussion' started by No Worries, Sep 21, 2022.

Page 38 of 39
  1. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking
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    Trump curse strikes again! LMAOOOOO Get that DJT stock tomorrow morning!

    https://finance.yahoo.com/news/trump-net-worth-hits-6-190742235.html

    Trump’s Net Worth Hits $6.4 Billion, Making Him One of World’s 500 Richest People

    (Bloomberg) -- Donald Trump’s business empire was supposed to be in peril like never before on Monday. Instead, it turned into the single-greatest day on record for the former president’s wealth.
     
    #741 El_Conquistador, Mar 25, 2024
    tinman and Invisible Fan like this.
  2. Xopher

    Xopher Member

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    He owns 58% of the company. Wait until the board gives him a waiver to start selling it and he tanks it. This is pretty much a meme stock. Truth Social is losing money and always has.
     
    #742 Xopher, Mar 25, 2024
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  3. Phillyrocket

    Phillyrocket Member

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    How much are you investing?
     
    #743 Phillyrocket, Mar 25, 2024
  4. No Worries

    No Worries Contributing Member

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    Dementia Don would have to sell slowly over time, to not tank the stock. Does not sound like a Trumpian way, though.
     
    #744 No Worries, Mar 25, 2024
  5. NewRoxFan

    NewRoxFan Contributing Member

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    #745 NewRoxFan, Mar 25, 2024
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  6. Phillyrocket

    Phillyrocket Member

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    yeah pretty sure that’s not going to work…
     
    #746 Phillyrocket, Mar 25, 2024
  7. Commodore

    Commodore Contributing Member

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    #747 Commodore, Mar 25, 2024
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  8. Commodore

    Commodore Contributing Member

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    based

     
    #748 Commodore, Mar 25, 2024
    Astrodome, tinman and cml750 like this.
  9. Astrodome

    Astrodome Member
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    I am sure that some of Trump's most vibrant haters weren't a fan of seizing property without an appeal.
     
    #749 Astrodome, Mar 25, 2024
    tinman likes this.
  10. Invisible Fan

    Invisible Fan Contributing Member

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    TRUMP XLVIII TO DA MOOOOOOOOOOOOOOOONNNNN!!!

    [​IMG]
     
    #750 Invisible Fan, Mar 26, 2024
    B-Bob and ROCKSS like this.
  11. NewRoxFan

    NewRoxFan Contributing Member

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    Guess we know where you were yesterday...

     
    #751 NewRoxFan, Mar 26, 2024
  12. Astrodome

    Astrodome Member
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    If Trump wasn't involved, would this be appeal worthy or nah?
     
    #752 Astrodome, Mar 26, 2024
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  13. Amiga

    Amiga 10 years ago...
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    Without paying court-imposed fine.

    "Don't do the crime if you can't pay" is a pretty universal take.

    What's unique and new are Trump's supporters who feel he is special and should be protected from the SOP.
     
    #753 Amiga, Mar 26, 2024
  14. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking
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    Actually, Trump supporters know that Trump did not commit a crime. They are smart enough to see that this is a political hit job that Democrats hoped to give a thin veneer of legitimacy to by taking it through the Trump-hating NY legal system.

    Trump's loans were paid back in full. The bank testified that they did not rely on his valuations of his properties. There was a disclaimer clause on the valuation estimates. The statute of limitations had long since expired -- and had been ruled upon previously! The state of NY used a novel legal theory to prosecute this case. A total sham and a miscarriage of justice. The liberals are willing to torch the integrity of our legal system in order to try to bankrupt their political opponent. Disgraceful.

    Oh, btw, Trump made a few billion dollars today. LMAO
     
    #754 El_Conquistador, Mar 26, 2024
  15. tinman

    tinman Contributing Member
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    You know woke people don’t understand
    Capitalism and the stock market
    @ROXRAN
    @AroundTheWorld
    These woke people still watch cable news and have CRT TVs, not that CRT that they love but the zenith TVs that weigh 100 pounds
     
    #755 tinman, Mar 26, 2024
  16. No Worries

    No Worries Contributing Member

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    Yet another fund raisers for Dementia Don (NSFW) ... Dementia Don is such the Uniter, bringing together all of these disparate conservative voices!

     
    #756 No Worries, Mar 26, 2024
  17. adoo

    adoo Member

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    during the 2-day period immmediately after it had IPO
    on the next trading day, the stock fell 6%

    Today, Trump social stock was down ~~~24%, after a regulatory filing was submitted, showing that, in 2023, the company had generated revenue of ~ $4 M, resulting in a loss of $58M

    the trust fund baby’s net worth, on paper, lost ~~~ $ 1 billion which , effectively, kicks him out of the club (the world’s 500 richest people)

    just like any other insider of the company, Trump can't sell his stock until 60 days after IPO, at which time the stock price could be close to zero, should the current trend continue
     
    #757 adoo, Apr 1, 2024
    Last edited: Apr 1, 2024
    FranchiseBlade likes this.
  18. adoo

    adoo Member

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    Trump's newest con game in the age of mem stocks, via SPAC. special-purpose acquisition company deals

    the origin.

    after Trump lost his re-election in 2020, the idea of a SPAC to leverage Trump's brand recognition worldwide was conceived by two former conestants on Trump's reality TV show in the early 2000s, Moss and Litinsky.
    ​
    the "trumping" up leading to the IPO

    ​

    the attempted dump

    trump tried to get the co to allowed him to sell the stock; but SEC rules clearly states that insiders, such as Trump, can't sell their shares until 90 days after IPO.

    when meme speculators came to grip w this reality, the 90-days holding period, in addition to the non-esistent revenue stream, they began to sell.
    the stock price dropped 6% on the day after IPO, then 21% on the next day



    ​
    the latest twist in the legal saga surrounding the quest to bring Trump Media and Truth Social public — a deal that has spiked Trump’s net worth and created a frenzy on Wall Street.


    today on the news that Trump has sued the 2 original developer of the co, the stock price gained 6%

    ​
     
    #758 adoo, Apr 2, 2024
    Last edited: Apr 2, 2024
    ROCKSS likes this.
  19. DaDakota

    DaDakota If you want to know, just ask!

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    Can't sell for a while...it will tank

    DD
     
    #759 DaDakota, Apr 2, 2024
    ROCKSS likes this.
  20. No Worries

    No Worries Contributing Member

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    Dementia Don only hires the best sub-prime lenders.

    Breaking: Trump's $175 million bond in jeopardy: NY AG doubts its validity

    MSNBC's legal correspondent, Lisa Rubin, reports that the New York Attorney General is doubtful that Knight Specialty Insurance Company has the ability to cover Donald Trump's $175 million bond that allowed him to appeal the $464 million fraud judgment against him in his New York civil case.

    Transcript of video:

    Chris Jansing: Breaking news in Donald Trump's civil fraud case. The New York Attorney General has filed notice questioning essentially the financial strength of the company that posted his bond and whether it can cover the cost. I want to bring back MSNBC legal correspondent Lisa Rubin, who is frantically looking at her phone because this is literally just breaking. So this is $175 million right? So there's a question about whether they're really covering it in a sufficient way. Is that it?

    Lisa Rubin: Let's go back for a second. So this morning, Knight Specialty Insurance Company filed a corrected version of the bond that attached among other things its financial statements and showed what its assets were as of the end of last year — that's December 31st, 2023. It has over $537 million in assets and what the Attorney General's Office is saying, "The cash it has on hand is less than the bond" and they need to know because specifically is not admitted under New York's Department of Financial Service, it's not a New York insurer, and because it doesn't have qualifications in New York State, they are entitled to ask for what's called justification of the surety. That means, among other things, Chris, that they want to know, how is this collateralized? What are the specific identifiable assets that Donald Trump posted to ensure that if they went on appeal, they will get back this $175 million and up to the value of the judgment that Judge Engoron had ordered, which at this point stands over $454 million if that judgements upheld.    ​

    The chairman and majority shareholder of Knight Specialty Insurance is Don Hankey, is a billionaire who has supported Trump's presidential campaigns in the past. Knight Specialty Insurance is known for providing subprime auto loans to buyers with poor credit, and Hankey has a reputation as the "king of subprime car loans." Hankey's other company, Axos Bank, has also been involved in refinancing loans for Trump's properties, including Trump Tower and his Doral golf resort, worth a total of $225 million in 2022.​

     
    #760 No Worries, Apr 4, 2024
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