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Trump — I don’t plan to use Truth Social shares to secure New York bond.
Posted on 3/22/24 at 9:36 pm
Posted on 3/22/24 at 9:36 pm
quote:
Former President Trump on Friday signaled he would not use a potential windfall from the merger involving Truth Social to post bond in a New York fraud judgment ahead of a Monday deadline.
Shareholders of Digital World Acquisition Corp. (DWAC) approved a merger Friday with Truth Social, a media startup owned by Trump, teeing up its stock market debut and a potential $3.5 billion windfall for the former president.
But Trump told Fox News Digital he would not necessarily use the infusion of cash to cover his bond owed in New York.
“That doesn’t mean I’m going to give money to a rogue and incompetent judge — the puppet of a corrupt attorney general who’s failing with violent crime and migrant crime and whose only purpose in life is attempting to get Trump,” Trump told the outlet, referring to Judge Arthur Engoron and New York Attorney General Letitia James.
Trump vowed to fight the case “all the way up to the U.S. Supreme Court if necessary.”
“They can’t take away your property before you’ve had a chance to appeal the decision of a Trump-hating, incompetent judge who has been overturned more than any judge in the state,” he said.
Trump has until Monday to secure a half billion-dollar bond or risk the seizure of his assets as he challenges a trial court’s finding that he conspired to alter his net worth for tax and insurance benefits.
Engoron found Trump liable for fraud last year ahead of a months-long trial that ended with the judge imposing a massive $464 million penalty on the Trump Organization.
Trump’s lawyers admitted Monday that despite the former president’s “diligent efforts,” it is “impossible” for him to secure a full appeals bond in that amount due to lack of cash on hand.
The former president, however, claimed in a Friday social media post that he had $500 million in cash but did not want to use it for the bond payment.
Former White House ethics head Norm Eisen called Trump’s post “dumb” in a Friday post on X, formerly Twitter, writing “now he can’t claim hardship to get a stay” and “James can help herself, including to this supposed money!”
https://sg.news.yahoo.com/trump-signals-truth-social-windfall-200043124.html
Posted on 3/22/24 at 9:41 pm to loogaroo
quote:
Shareholders of Digital World Acquisition Corp. (DWAC) approved a merger Friday with Truth Social, a media startup owned by Trump, teeing up its stock market debut and a potential $3.5 billion windfall for the former president.
Aint no way truth social is worth $3.5B
Posted on 3/22/24 at 9:42 pm to AubieinNC2009
This post was edited on 4/18/24 at 2:32 pm
Posted on 3/22/24 at 9:45 pm to AubieinNC2009
quote:
Aint no way truth social is worth $3.5B
A certain brand can mean a ton in business. Trump is the most popular man on the face of the earth. Deny it if you want.
This post was edited on 3/23/24 at 10:01 am
Posted on 3/22/24 at 9:45 pm to AubieinNC2009
quote:
Aint no way truth social is worth $3.5B
Posted on 3/22/24 at 9:45 pm to AubieinNC2009
quote:
Aint no way truth social is worth $3.5B
Your tds is sad
Posted on 3/22/24 at 9:59 pm to loogaroo
quote:
Trump’s lawyers admitted Monday that despite the former president’s “diligent efforts,” it is “impossible” for him to secure a full appeals bond in that amount due to lack of cash on hand. The former president, however, claimed in a Friday social media post that he had $500 million in cash but did not want to use it for the bond payment.
Man I bet his attorneys hate him
Posted on 3/22/24 at 10:05 pm to loogaroo
quote:
“That doesn’t mean I’m going to give money to a rogue and incompetent judge — the puppet of a corrupt attorney general who’s failing with violent crime and migrant crime and whose only purpose in life is attempting to get Trump,” Trump told the outlet, referring to Judge Arthur Engoron and New York Attorney General Letitia James.
Throwing bombs on a Friday night.
Posted on 3/22/24 at 10:18 pm to deltaland
quote:
Man I bet his attorneys hate him
I think you don’t see the big picture here. Making the case for election interference. It’s obvious before hand and now it’s documented and will be brought in front of a judge.
Posted on 3/22/24 at 10:34 pm to loogaroo
Over under on how long it takes for DWAC shares to crash? 6 mos?
Posted on 3/22/24 at 10:37 pm to loogaroo
I don't think he can use his Truth Social windfall immediately anyway. Most of the time when you do an IP you're not allowed to sell that stock for about 6 months. He could probably get a waiver with a stockholder vote but even then selling half a billion worth of stock would start tanking the value of it immediately and not be in anyone's best interest.
Posted on 3/22/24 at 10:38 pm to chili pup
quote:
Trump is the most popular man
Posted on 3/22/24 at 10:39 pm to deltaland
It’s gotta be a top 10 toughest jobs on the planet.
Posted on 3/22/24 at 10:41 pm to loogaroo
Who would accept it as collateral???
Posted on 3/22/24 at 10:44 pm to roadGator
I don't think that guy knows the definition of popular. Trump is only popular to his cult.
quote:
popular
pop'y?-l?r
adjective
Widely liked or appreciated.
Liked by acquaintances; sought after for company.
Posted on 3/22/24 at 10:50 pm to cwill
quote:
Over under on how long it takes for DWAC shares to crash? 6 mos?
It's only up 141% since the IPO less than 3 years ago.
This post was edited on 3/22/24 at 10:54 pm
Posted on 3/22/24 at 10:53 pm to AubieinNC2009
Absolutely it is worth that. It is the 4th best social network out there (fb, Twitter, Instagram) is 1-2-3
TikTok, YouTube, rumble, etc do not count as a true social media platform.
There have literally been hundreds of startups over the years that have tried to go up against Facebook as a social media network and they all failed miserably (including Google+ - remember when they tried it?) infact, google already had BILLIONS of users automatically when they started due to google, gmail, YouTube, etc etc etc and they still fell flat on their asses)
Remember facebook’s new “Twitter Killer” @Threads? That fricking thing has failed and tanked miserably and they already had access to the billions of meta users to join and they are falling On their assholes. It’s a complete and utter failure.
Believe it or not, Truth is actually doing quite well for what it’s supposed to be but of course Trump haters will say it’s not worth shite and it’s a failure and bla bla bla because a) they hate anything Trump does b) has no fricking clue whatsoever about internet companies c) are fricking dumbass morons.
TikTok, YouTube, rumble, etc do not count as a true social media platform.
There have literally been hundreds of startups over the years that have tried to go up against Facebook as a social media network and they all failed miserably (including Google+ - remember when they tried it?) infact, google already had BILLIONS of users automatically when they started due to google, gmail, YouTube, etc etc etc and they still fell flat on their asses)
Remember facebook’s new “Twitter Killer” @Threads? That fricking thing has failed and tanked miserably and they already had access to the billions of meta users to join and they are falling On their assholes. It’s a complete and utter failure.
Believe it or not, Truth is actually doing quite well for what it’s supposed to be but of course Trump haters will say it’s not worth shite and it’s a failure and bla bla bla because a) they hate anything Trump does b) has no fricking clue whatsoever about internet companies c) are fricking dumbass morons.
This post was edited on 3/22/24 at 11:07 pm
Posted on 3/22/24 at 10:55 pm to FLTech
quote:
Believe it or not, Truth is actually doing quite well for what it’s supposed to be but of course Trump haters will say it’s not worth shite and it’s a failure and bla bla bla because a) they hate anything Trump does b) has no fricking clue whatsoever about internet companies c) are fricking dumbass morons.
Posted on 3/22/24 at 10:56 pm to loogaroo
I just want to see the judge and corrupt AG arrested for denial of civil rights under the color of law.
quote:
18 U.S.C. § 241
Conspiracy Against Rights
Section 241 makes it unlawful for two or more persons to agree to injure, threaten, or intimidate a person in the United States in the free exercise or enjoyment of any right or privilege secured by the Constitution or laws of the United States or because of his or her having exercised such a right.
Unlike most conspiracy statutes, §241 does not require, as an element, the commission of an overt act.
The offense is always a felony, even if the underlying conduct would not, on its own, establish a felony violation of another criminal civil rights statute. It is punishable by up to ten years imprisonment unless the government proves an aggravating factor (such as that the offense involved kidnapping aggravated sexual abuse, or resulted in death) in which case it may be punished by up to life imprisonment and, if death results, may be eligible for the death penalty.
Section 241 is used in Law Enforcement Misconduct and Hate Crime Prosecutions. It was historically used, before conspiracy-specific trafficking statutes were adopted, in Human Trafficking prosecutions.
MISCONDUCT BY LAW ENFORCEMENT & OTHER GOVERNMENT ACTORS
18 U.S.C. § 242
Deprivation of Rights Under Color of Law
This provision makes it a crime for someone acting under color of law to willfully deprive a person of a right or privilege protected by the Constitution or laws of the United States. It is not necessary that the offense be motivated by racial bias or by any other animus.
Defendants act under color of law when they wield power vested by a government entity. Those prosecuted under the statute typically include police officers, sheriff’s deputies, and prison guards. However other government actors, such as judges, district attorneys, other public officials, and public school employees can also act under color of law and can be prosecuted under this statute.
Section 242 does not criminalize any particular type of abusive conduct. Instead, it incorporates by reference rights defined by the Constitution, federal statutes, and interpretive case law. Cases charged by federal prosecutors most often involve physical or sexual assaults. The Department has also prosecuted public officials for thefts, false arrests, evidence-planting, and failing to protect someone in custody from constitutional violations committed by others.
A violation of the statute is a misdemeanor, unless prosecutors prove one of the statutory aggravating factors such as a bodily injury, use of a dangerous weapon, kidnapping, aggravated sexual abuse, death resulting, or attempt to kill, in which case there are graduated penalties up to and including life in prison or death. If charged in conjunction with 18 U.S.C. § 250, as noted below, all sexual assaults under color of law are felonies.
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