A simplified summary:
The donor is accused of fraud and of using the proceeds of a scam (stolen money) to make a $100,000 donation Giuliani's legal defense funds. The lawsuit is trying to claw back that donation to help pay restitution to the victims of the donors alleged scam.
Yo dawg, we heard you like crimes so we did some crimes to help with the defense fund for your crimes. Turns out that's also a crime and now we need our crime money back from your crime defense fund.
Thank you for that summary!
Why do these guys always rely on donations for their lawsuits? I also saw Trump getting funds. Is it because they can't liquidize their assets fast enough?
I though they are multimillionaires and billionaires?
Or is there another reason?
... Because people are dumb enough to give them donations if they ask? Why spend your own money when you can spend other people's instead. Especially if you have no moral compass.
They have a moral compass, it just points south.
Thanks for the answer. That makes sense... Horrible people
You think they want to pay for anything themselves? Also, a lot of their wealth is speculative.
Ok, so they just have assets that have a estimated value?
Yes, as with most middle class and above. They have a house, cars, stocks, where most of their wealth is. They don't tend to keep much cash (relatively) because cash doesn't grow. That's why Trump would have to sell property (or truth social stock) in order to meet his 454Million judgement.
There’s a lot of wealthy people who are cash poor. Giuliani is actually bankrupt — his existing creditors aren’t getting paid back in full — but if your wealth is in unusual real estate investments or privately held companies, it can be challenging to value or sell in the short term. Often, there’s other investors involved and complex contracts and relationships to untangle.
With Trump, it’s unclear if some of his properties would have the same value if Trump wasn’t involved. How do you value a controversial presidential candidate’s real estate? If he doesn’t pay you back and it becomes your hotel, golf course, or whatever, what is it worth? People who own condos in Trump Tower have said their condos are worth less because of his shenanigans. What is that building worth if he loses the election compared to if he wins?
A simplified summary: The donor is accused of fraud and of using the proceeds of a scam (stolen money) to make a $100,000 donation Giuliani's legal defense funds. The lawsuit is trying to claw back that donation to help pay restitution to the victims of the donors alleged scam.
Yo dawg, we heard you like crimes so we did some crimes to help with the defense fund for your crimes. Turns out that's also a crime and now we need our crime money back from your crime defense fund.
Thank you for that summary!
Why do these guys always rely on donations for their lawsuits? I also saw Trump getting funds. Is it because they can't liquidize their assets fast enough? I though they are multimillionaires and billionaires? Or is there another reason?
... Because people are dumb enough to give them donations if they ask? Why spend your own money when you can spend other people's instead. Especially if you have no moral compass.
They have a moral compass, it just points south.
Thanks for the answer. That makes sense... Horrible people
You think they want to pay for anything themselves? Also, a lot of their wealth is speculative.
Ok, so they just have assets that have a estimated value?
Yes, as with most middle class and above. They have a house, cars, stocks, where most of their wealth is. They don't tend to keep much cash (relatively) because cash doesn't grow. That's why Trump would have to sell property (or truth social stock) in order to meet his 454Million judgement.
There’s a lot of wealthy people who are cash poor. Giuliani is actually bankrupt — his existing creditors aren’t getting paid back in full — but if your wealth is in unusual real estate investments or privately held companies, it can be challenging to value or sell in the short term. Often, there’s other investors involved and complex contracts and relationships to untangle.
With Trump, it’s unclear if some of his properties would have the same value if Trump wasn’t involved. How do you value a controversial presidential candidate’s real estate? If he doesn’t pay you back and it becomes your hotel, golf course, or whatever, what is it worth? People who own condos in Trump Tower have said their condos are worth less because of his shenanigans. What is that building worth if he loses the election compared to if he wins?