The Trump Crime Family - Legal Issues

[Oerets]

Originally Posted by Pio1980

Maybe punted to disarm his sycophants on the issue?

This probably will be the amount he will actually be on the hook for. After his appeal is heard, causing it to then lowered.

[Rajoo]

The MAGAts are about to be slaughtered, not just fleeced. A lot of people are going to be making gobs of money and run, and MAGAts don't even have a clue believing that he is a successful businessman. Even a $200Million valuation is too high, a venture that is burning through cash, 50M loss in first three quarters in 2023 while earning $3M. And Trump has chosen his own initials DJT for a stock symbol, easy for the MAGAts to recognize and its a symbol he last bankrupted. He must believe that the symbol will bring him luck, like another bankruptcy after all the money is gone.

Trump Media & Technology Group, the owner of struggling social media platform Truth Social, is set to begin its long-delayed journey as a public company at Tuesday’s opening bell under the ticker symbol “DJT.”

Wall Street is assigning Trump Media an eye-popping valuation of around $9 billion – a price tag that experts warn is untethered to reality.

Shares of Digital World Acquisition Corp., the shell company that is about to become Trump Media, have spiked nearly 200% so far this year. That includes a 35% surge Monday after the deal closed. Shares are climbing another 8% in premarket trading Tuesday.

The skyrocketing share price comes despite the fact that Trump Media is burning through cash, piling up losses and its main product – Truth Social – is losing users.

“This is a very unusual situation. The stock is pretty much divorced from fundamentals,” said Jay Ritter, a finance professor at the University of Florida’s Warrington College of Business, who has been studying initial public offerings (IPOs) for over 40 years.

Ritter said the closest parallel would be GameStop, AMC and other so-called meme stocks that skyrocketed during Covid-19 as an army of retail traders piled in. He said Trump Media is likely worth somewhere around $2 a share – nowhere near its implied stock price of $50.

https://www.cnn.com/2024/03/26/marke...ial/index.html

[Oerets]

Fool's and their money.....soon to be parted!

[Chicks]

A good analysis of Donny's meme stock here. The smart money is, of course, shorting it.

[Chicks]

Trump hush-money judge warns against 'dilatory' delay tactics and threatens lawyers with contempt in blistering order
https://www.businessinsider.com/trum...der-2024-3?amp

Nice to have a judge who, unlike the corrupt Cannon, won’t tolerate Donny’s bull$hit delay tactics.

[BigElCat]

Here comes his bail-out, or more like a 'futures market bail-out';

https://www.youtube.com/watch?v=6B9tDBNYo5g

He has been running ads targeting the 'Rural Poor', but he hasn't pose in a jail cell, yet.

Man needs a face tattoo. A tear drop and the number 13.

[Rajoo]

I would seriously urge Trump to try and cash out. The board members were handpicked by him (Jr. is one) and would automatically approve the sale of his stocks before the six month wait period. The folks who shorted the stock will be happy to send a $ to his PAC as a TY. The company will go bankrupt, Trump can but the stocks back for pennies and take it private again. A win win for him and the goobers once again would have been fleeced since this is what this venture is all about, a wholesale public grift.

[finnbow]

A California judge on Wednesday recommended the disbarment of John Eastman, calling to revoke the law license of one of former President Donald Trump’s top allies in his failed last-ditch gambit to subvert the 2020 election.

Judge Yvette Roland, who presided over months of testimony and argument about the basis of Eastman’s fringe legal theories, ruled that the veteran conservative attorney violated ethics rules — and even potentially criminal law — when he advanced Trump’s efforts to overturn the election results based on weak or discredited claims of fraud.

https://www.politico.com/news/2024/0...arred-00149468

[Chicks]

Sweet! This clown was one of Donny’s most important insurrection enablers.

[Chicks]

Sam Bankman-Fried sentenced to 25 years for defrauding FTX investors
https://finance.yahoo.com/news/sam-b...153316368.html

You're next, Donny!