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Trump on Trial - Episode 3 |OT| The One with the Bigliest Assets Ever (UP: $454m + interest + bans)

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Sheepinator

Sheepinator

Member
Jul 25, 2018
28,080
Psychotext said:
Don't know if anyone else has been following the memestock (seems most of the posts about it are in this thread)... but there's been a bunch of super suspicious transactions the last couple of days. Definitely looking like it's being propped up.
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Violent swings even in dying stocks heading to BK are not unusual imo. I remember the likes of Acclaim and others having two or three 50% rallies while heading to zero. There were probably a lot of shorts in the $60's taking easy quick profit in the $20's.
 
Psychotext

Psychotext

Member
Oct 30, 2017
16,729
Sheepinator said:
Violent swings even in dying stocks heading to BK are not unusual imo. I remember the likes of Acclaim and others having two or three 50% rallies while heading to zero. There were probably a lot of shorts in the $60's taking easy quick profit in the $20's.
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It's not the swings as much as the large transactions.

Dead cat bounce was to be expected, but this doesn't look like that.
 
SilentPanda

SilentPanda

Member
Nov 6, 2017
13,848
Earth

''The loan appears to have never existed': Trump sued over mystery $50M 'hidden debt'


A federal watchdog group has sued former President Donald Trump, asking that the FBI and the Department of Justice investigate whether he knowingly and criminally made "material false statements" about a $50 million loan which "may have never existed at all."
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According to CREW, Trump may have made false statements by reporting over $50 million owed to Chicago Unit Acquisition LLC as a liability on at least nine public financial disclosure reports. Those reports were submitted to the Federal Election Commission as well as the Office of Government Ethics. This allegedly occurred from 2015 to 2023 and, as Bookbinder noted, "even though the loan appears to have never existed."
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These alleged discrepancies appear likely to be part of a tax avoidance scheme known as "debt parking" or, as the watchdog group claimed, Trump is attempting to hide "hidden debt" from someone — or something — else.
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"Meanwhile, he expressly acknowledged the loan disclosure itself when he was asked about it in his 2016 New York Times interview. Trump's knowledge of the Chicago Loan's disclosure is indisputably part of the public record," CREW argued. "Furthermore, showing that the defendant has willfully violated the statute "does not require the government to prove the defendant's specific intent," only that the defendant "acted with knowledge that his conduct was unlawful.' In this regard, covered PFD filers, like Mr. Trump, are given written notice of the legal consequences of knowingly and willfully making false statements,"
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lawandcrime.com

'The loan appears to have never existed': Watchdog sues Trump over mystery $50M 'hidden debt'

A federal watchdog group has filed a complaint against Donald Trump involving a mystery $50 million loan, raising questions to the FBI and Justice Department about "materially false statements."
lawandcrime.com lawandcrime.com
 
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Binabik15

Binabik15

Member
Oct 28, 2017
4,642
Hey now, breaking the law to pay less taxes makes him smart! He will use all that knowledge to close loopholes and ...do more crime.
 
chuckddd

chuckddd

Member
Oct 25, 2017
23,218
Psychotext said:
Don't know if anyone else has been following the memestock (seems most of the posts about it are in this thread)... but there's been a bunch of super suspicious transactions the last couple of days. Definitely looking like it's being propped up.
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You have to give the sheep some hope before you can short them some more.
 
Lump

Lump

One Winged Slayer
Member
Oct 25, 2017
16,094
Psychotext said:
Don't know if anyone else has been following the memestock (seems most of the posts about it are in this thread)... but there's been a bunch of super suspicious transactions the last couple of days. Definitely looking like it's being propped up.
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The memestock has reached the retail shorter vs squeezers stage. Lots of retail redditors proudly announcing their massive shorts posting in comments on wallstreetbets and how they'll lose tens of thousands if it doesn't go below $20 a share tomorrow. Squeezers are just taking advantage of them to resell next week and it'll drop even harder then.
 
SilentPanda

SilentPanda

Member
Nov 6, 2017
13,848
Earth
Lump said:
The memestock has reached the retail shorter vs squeezers stage. Lots of retail redditors proudly announcing their massive shorts posting in comments on wallstreetbets and how they'll lose tens of thousands if it doesn't go below $20 a share tomorrow. Squeezers are just taking advantage of them to resell next week and it'll drop even harder then.
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Trump Media tells shareholders how to block their DJT stock being loaned to short sellers


Trump Media is making a point of telling its shareholders how to prevent their stock from being loaned to short sellers — who bet the price of the shares will drop.
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The short-selling-prevention tips posted Wednesday on Trump Media's website come as its DJT stock has fallen sharply in price since it began being public trading on March 26 — and as short sellers have taken a keen interest in the owner of the Truth Social app despite relatively high fees to finance such trades.
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"I haven't seen it before," Murphy said when asked how common it is for companies to give shareholders instructions on how to thwart short sellers.

"Managers who ... think the stock is undervalued aren't going to be overly concerned about short sellers," he said.
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"For long-term shareholders who believe in the Company's future, the Company is highlighting the following actions you can take with your brokerage firm to prevent the lending of your shares for short selling," Trump Media said in its supplement to its FAQ on Wednesday.
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SilentPanda

SilentPanda

Member
Nov 6, 2017
13,848
Earth
Free market?

Trump Media is trying to make it super-hard to short its stock


Trump Media and Technology is trying to make it more difficult for short-sellers who want to bet against its stock, with company CEO Devin Nunes framing recent efforts as a case of market manipulation.
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In a letter sent to Nasdaq chief Adena Friedman, Nunes outlined concern about so-called naked short-selling activity on the DJT stock, and asked that listed brokers disclose their net short positions.
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"DJT appears on Nasdaq's 'Reg SHOthreshold list,' which is indicative of unlawful trading activity. This is particularly troubling given that 'naked' short selling often entails sophisticated market participants profiting at the expense of retail investors," the letter said, published Friday in an SEC filing.
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For company founder Donald Trump, that's taken a massive toll on his stake, once valued at over $5 billion. Instead, DJT's slide has lost him over $3.3 billion as of Tuesday.
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markets.businessinsider.com

Trump Media is trying to make it super-hard to short its stock

CEO Devin Nunes issued a letter to Nasdaq asking for action against naked short-selling activity on DJT stock.
markets.businessinsider.com markets.businessinsider.com
 
Daphne

Daphne

Avenger
Oct 27, 2017
3,699
Devin Nunes. There's an early storyline villain. I'd forgotten he'd joined Trump's company. Shame he was never investigated properly for his corruption in Congress now he's being rewarded for it.
 
OP
OP
phisheep

phisheep

Quis Custodiet Ipsos Custodes
Member
Oct 26, 2017
4,827
AG James has filed her opposition to KSIC's defense of its bond.

Three main grounds of opposition:
1) insufficient evidence of "sufficiently secure and ascertainable collateral backing the bond"
2) insufficient KSIC surplus to justify the bond (because they offload their liabilities to the Cayman Islands to make their US balance sheet look good)
3) KSIC is shady AF "in violation of federal law on multiple occasions within the past several years"

Monday is going to be a busy day. Criminal trial starts at 9:30, this bond hearing starts 10:00. It'll be a battle.
 
Mandos

Mandos

Member
Nov 27, 2017
31,113
phisheep said:
AG James has filed her opposition to KSIC's defense of its bond.

Three main grounds of opposition:
1) insufficient evidence of "sufficiently secure and ascertainable collateral backing the bond"
2) insufficient KSIC surplus to justify the bond (because they offload their liabilities to the Cayman Islands to make their US balance sheet look good)
3) KSIC is shady AF "in violation of federal law on multiple occasions within the past several years"

Monday is going to be a busy day. Criminal trial starts at 9:30, this bond hearing starts 10:00. It'll be a battle.
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Good, hopefully he sees some nasty upcomance from attempting more fraud. Seize all his assets
 
SilentPanda

SilentPanda

Member
Nov 6, 2017
13,848
Earth

Billionaire Ken Griffin's firm calls Trump Media's CEO a 'loser' after criticism of short-selling


Billionaire Ken Griffin's Citadel Securities slammed Trump Media's CEO after the executive blamed short-sellers for tanking the company's stock.
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The firm called David Nunes, Trump Media's chief executive, a "loser" in a statement to the Financial Times on Friday, responding to a letter Nunes wrote earlier this week that bemoaned "potential market manipulation" of Trump Media shares.
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"Devin Nunes is the proverbial loser who tries to blame 'naked short selling' for his falling stock price," Citadel said to the FT. "Nunes is exactly the type of person Donald Trump would have fired on "The Apprentice." If he worked for Citadel Securities, we would fire him, as ability and integrity are at the centre of everything we do."
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Citadel, Jane Street, and two other market makers were responsible for 60% of "the extraordinary volume of DJT shares traded
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markets.businessinsider.com

Billionaire Ken Griffin's firm calls Trump Media's CEO a 'loser' after criticism of short-selling

Trump Media's CEO is a "proverbial loser" for blaming DJT's stock crash on short-sellers, Citadel Securities said.
markets.businessinsider.com markets.businessinsider.com
 
Binabik15

Binabik15

Member
Oct 28, 2017
4,642
Trump is so good at running businesses into the ground that he's even successfully doing it with things he doesn't run himself.

But he's totally good for the damages he has to pay for *checks notes* decades of fraud and falsified financial statements. Just trust him, ok?
 
Lump

Lump

One Winged Slayer
Member
Oct 25, 2017
16,094
Yet another bloodbath for retailers that so openly announced to short DJT all over reddit. Squeezers with capital on the actual Wall Street made some bank off retail the last couple of days.

Never forget: All memestocks and shitcoins are always always always just gambling with extra steps and scumbags.
 
FrostweaveBandage

FrostweaveBandage

Unshakable Resolve
Member
Sep 27, 2019
6,758
SilentPanda said:

Billionaire Ken Griffin's firm calls Trump Media's CEO a 'loser' after criticism of short-selling




markets.businessinsider.com

Billionaire Ken Griffin's firm calls Trump Media's CEO a 'loser' after criticism of short-selling

Trump Media's CEO is a "proverbial loser" for blaming DJT's stock crash on short-sellers, Citadel Securities said.
markets.businessinsider.com markets.businessinsider.com
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Who the hell is David Nunes? Come on BI.
Saucycarpdog said:

View: https://twitter.com/KlasfeldReports/status/1781407343105716346?t=PSC6naoOueawvjyZYBOGWA&s=19

There's no way he finds another bond in that time
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At this point, why is she even giving him that much rope to hang himself with? They'll just come up with the same bullshit and spend another week prancing around. The noose is taught and it's time to kick the chair out from under him.
 
Sheepinator

Sheepinator

Member
Jul 25, 2018
28,080
That will be his third bond attempt. How many tries (and delays) does he get?

This second attempt was clearly in bad faith, so why give him yet another attempt?
 
OP
OP
phisheep

phisheep

Quis Custodiet Ipsos Custodes
Member
Oct 26, 2017
4,827
Sheepinator said:
That will be his third bond attempt. How many tries (and delays) does he get?

This second attempt was clearly in bad faith, so why give him yet another attempt?
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AG James wants a bond. Because a bond - a proper one - is a load easier to collect on than trying to shift real estate in this market.
 
SteamyPunk

SteamyPunk

Member
Oct 26, 2017
471
People are talking about crossover events with other court episodes, meanwhile Trump is trying to do a crossover with that stinky Yu-gi-oh players thread...
 
Billfisto

Billfisto

Member
Oct 30, 2017
15,024
Canada
They want a bond, but is there any recourse if Trump just keeps submitting mud pies? Like, surely this can't go on forever. Can they penalize him somehow?
 
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phisheep

phisheep

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Oct 26, 2017
4,827
Billfisto said:
They want a bond, but is there any recourse if Trump just keeps submitting mud pies? Like, surely this can't go on forever. Can they penalize him somehow?
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Well, for starters, if he doesn't get a bond approved the appeals court stay of the money judgment ends. So instead of being liable for $175m sometime after the appeal is over he'll be liable for $454+m immediately.
 
julian

julian

Member
Oct 27, 2017
16,807
phisheep said:
Well, for starters, if he doesn't get a bond approved the appeals court stay of the money judgment ends. So instead of being liable for $175m sometime after the appeal is over he'll be liable for $454+m immediately.
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He's failing to get a bond approved right now. The question is how many failures until James just moves onto seizing assets even if she'd prefer a bond.
 
Tacitus

Tacitus

Member
Oct 25, 2017
4,049
Billfisto said:
They want a bond, but is there any recourse if Trump just keeps submitting mud pies? Like, surely this can't go on forever. Can they penalize him somehow?
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If my understanding is correct, the bond is there mainly for them to halt the enforcement of the judgement (and maybe the accumulation of interest?) while the appeal is ongoing. After the appeal is done (unless there's a higher level of court to appeal to?) they're going to claw the money back from him, bond or not.
Having it in cash is just easier for both parties (well would be if the loser could get a proper bond), since that way the state gets the judgement without pain after the appeal and if for some reason he wins the appeal, he wouldn't need to sell assets to cover things until the appeal is decided.
 
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phisheep

phisheep

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Member
Oct 26, 2017
4,827
julian said:
He's failing to get a bond approved right now. The question is how many failures until James just moves onto seizing assets even if she'd prefer a bond.
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It's not such an all-or-nothing thing. Like all civil litigation it is a big tactical game, in which this is just one move. The question is not what James will do next, but what Trump will do now.
 
FrostweaveBandage

FrostweaveBandage

Unshakable Resolve
Member
Sep 27, 2019
6,758
Shoeless said:
So does he have any options at this point?
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Not any good ones, no. If he had the ability to cover the bond without going to what's effectively a glorified loan shark, he would have done so. There aren't many sureties that will take on this appeal.

One week isn't going to be enough to negotiate this, and starting Monday he's going to be in a different court all day long. How is he going to be able to meet up?

Honestly, there's a longshot chance that he will file to delay the trial while he negotiates a bond with someone else. But it depends on what Engoron says Monday. Actually, I'm guessing Trump will now file to have the judgment delayed pending the outcome of Episode 1's trial, with the reasoning that he can't in person negotiate a bond deal while he's in a NY courtroom for another matter.
 
FuturusX

FuturusX

Member
Oct 28, 2017
3,757
I don't have much to add to that which has already been said, but I'm still shocked at the sheer quantity of legal jeopardy Trump is in the middle of.

You take a step back and survey them all and it's staggering. This guy just can't help himself.
 
RadicalR

RadicalR

Member
Oct 27, 2017
578
FrostweaveBandage said:
Honestly, there's a longshot chance that he will file to delay the trial while he negotiates a bond with someone else. But it depends on what Engoron says Monday. Actually, I'm guessing Trump will now file to have the judgment delayed pending the outcome of Episode 1's trial, with the reasoning that he can't in person negotiate a bond deal while he's in a NY courtroom for another matter.
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If I was the judge, I would be like "Denied. Poor planning on your part does not constitute an emergency on mine."
 
Greg NYC3

Greg NYC3

Member
Oct 26, 2017
12,508
Miami
FuturusX said:
I don't have much to add to that which has already been said, but I'm still shocked at the sheer quantity of legal jeopardy Trump is in the middle of.

You take a step back and survey them all and it's staggering. This guy just can't help himself.
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One of the things that makes me angry is that Trump has been doing this his entire life and got away with it until he stopped being a media personality and became a politician. We need to be treating all of these rich fucks gaming the system with the same level of scrutiny.
 
Paradox

Paradox

Member
Oct 28, 2017
686
Frankie Williamson said:
okmagazine.com

'Struggling With the Smell': Donald Trump Farts Up a Storm During His Criminal Trial as a Foul Stench Fills the Courtroom: Report

'His lawyers are really struggling with the smell.'
okmagazine.com okmagazine.com

This is the kind of hard hitting journalism around Trump the public needs!
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You joke (maybe?) but if there's going to be something that drops the perception of Trump in public opinion its not actually going to be the fraud and the treason and the endless criminal court cases, its going to be the fact that he's falling asleep and farting in court.
 
Lump

Lump

One Winged Slayer
Member
Oct 25, 2017
16,094
Paradox said:
You joke (maybe?) but if there's going to be something that drops the perception of Trump in public opinion its not actually going to be the fraud and the treason and the endless criminal court cases, its going to be the fact that he's falling asleep and farting in court.
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If the Georgia trial happens before the election and he's heard on video just letting out a long squeaker before his lawyers recoil around him, that may hurt his polling more than anything else ever could.
 
Temascos

Temascos

Member
Oct 27, 2017
12,552
Paradox said:
You joke (maybe?) but if there's going to be something that drops the perception of Trump in public opinion its not actually going to be the fraud and the treason and the endless criminal court cases, its going to be the fact that he's falling asleep and farting in court.
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Lb5p.gif


We need this but with Donald Trump.
 
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