No. of Recommendations: 5
WatchingTheHerd:
His financial arrangements are so convoluted that NO ONE can untangle them in thirty days to even identify what could be sold to begin collecting the judgment and he isn't even likely a majority owner in any of the assets available. His financial disclosure forms (from August 2023) are available online. Basically, he seems to keep remortgaging his properties, paying off one loan by taking out another loan to pay off the existing loan.
For example, he had a mortgage loan on Trump Tower for "over" $50,000,000 from Ladder Capital Finance that was paid off in Feb 2022 which was replaced by a mortgage loan from Axos Bank in 2022 for "over" $50,000,000 with a 2032 maturity date. Go here and then to page 58 in the PDF:
https://www.citizensforethics.org/wp-content/uploa... What the AG could do (I believe) is sell off any property, first satisfy any mortgage holder(s), and then direct any remaining proceeds toward settling his obligation.
Also, he keeps saying he cannot get a loan of "that size". Well, why not get several smaller loans?
And hey, I thought that guy was a billionaire with at least $400 million in cash (that's what he said in court anyway).
But no, he's not going to file for bankruptcy... that would destroy him both personally and politically.
