New York Attorney General Letitia James thought she had Donald Trump beat.
But James misread the situation.
And Donald Trump has one ace in the hole to get the last laugh against Letitia James.
Biased Democrat Judge Arthur Engoron colluded with James on a scheme to seize Donald Trump’s wealth with a $364 million judgment in a civil fraud case as political payback for Trump winning the 2016 election and then running for re-election this year.
Critics slammed the decision as Engoron and James seizing on Donald Trump for taking out a loan and paying it back in time since no bank actually complained they were defrauded.
Engoron even inserted a poison pill into his sham ruling ordering Trump to pay a bond – judgment plus nine-percent interest – within 30 days in order to maintain the right to appeal the travesty of justice that took place in the Soviet-show trial two Democrats put on against Trump.
James taunted Trump on social media about Trump needing to cough up nearly half-a-billion dollars in one month on social media.
$464,576,230.62
— NY AG James (@NewYorkStateAG) February 23, 2024
If Trump doesn’t post the bond by the deadline Engoron set, James told ABC News she will start seizing Trump’s properties to satisfy the judgment beginning with his building located at 40 Wall Street.
But Trump has a good shot at an appeal according to former Supreme Court Clerk Chris Landau.
Landau told Laura Ingraham that the New York state courts understand they reside in the financial capital of the world and that James and Engoron just told every businessman across the world that investing in New York runs the risk of bankrupting you if you get on the wrong side of politicians.
“So this is an argument under the federal Constitution so that gives him the opportunity to try and take the case all the way to the U.S. Supreme Court, if necessary. Hopefully, Laura, the New York state courts will be able to fix this mess. I mean, New York didn’t become the financial capital of the world for nothing. The New York courts have historically been very good about making sure that business disputes get resolved fairly and appropriately – that is until Trump came along,” Landau stated.
Landau also explained that a $364 million judgment – when there are no victims – runs afoul of the Eighth Amendment protection against excessive fines.
“Well Laura, there’s two different issues. One is the issue of getting a bond to take the appeal, and he’ll have to put up some cash immediately for that. Then there’s the broader issue of how do you attack this crazy fine. The 8th Amendment, as the president said, says you shall not have excessive fines. It seems pretty commonsensical to say that a fine of $350 million plus interest for a victimless crime, where the person that was allegedly defrauded – the bank – said, ‘We want to do business with this guy again’ is excessive,” Landau added.
New York only enforced this law in civil suits on 12 previous occasions.
Every time the state sued after a business went bankrupt due to fraud or there were criminal charges involved.
In his opinion Judge Engoron admitted Trump didn’t commit a “mortal sin” nor was Trump “Bernie Madoff” which meant that Engoron understood that the supposed “fraud” James accused Trump of was nickel-and-dime stuff.
But Engoron wanted to smack down Donald Trump for the mere fact that he is Donald Trump.
New York Governor Kathy Hochul attempting to reassure business owners that this lawsuit was a one-time deal only reinforced that it was a political persecution of Donald Trump.
Those combined facts should see Trump prevail on appeal either in the New York courts or at the Supreme Court.
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