Justice Department agrees to $1.776B Fund for Trump Allies

26,311 Views | 391 Replies | Last: 5 hrs ago by flown-the-coop
flown-the-coop
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AgDev01 said:

We fixed the keg said:

So fact check me here:

The money was part of a settlement between the IRS and Trump, correct? If this is the case, doesn't that mean this money will now be paid directly to Trump? ... and he can do whatever he chooses with those dollars.



i have not seen it reported anywhere that money would go to Trump, that just seems like wishcasting. Blanche stated yesterday the fund was done but that the audit protections would remain.


Usually when you sue and win, you determine how to use the proceeds. Some goes to your attorney.

When you reach a legal settlement, particularly with a government agency, then all sorts of caveats can be agreed to.

Here, Trump agreed that in exchange for any monies due him they instead for to the 1776 fund which Trump also agreed would exclude him from receiving those funds.

Judge here said we don't like the terms. Trump through Blanche said that we are not going to push back on the judge regarding the settlement fund, but the IRS audit protections should remain.

But I am not sure if the IRS audit "immunity" was totally separate.
flown-the-coop
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You can read the actual settlement agreement. What do you mean no trustworthy source.
YouBet
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Well, if Trump can't have the money from the settlement and this fund idea is dead.... then where does the settlement money go?
amercer
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Technically the Judge overseeing the original lawsuit has reopened it, so the settlement itself could be thrown out.
We fixed the keg
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flown-the-coop said:

You can read the actual settlement agreement. What do you mean no trustworthy source.

The fund/money was part of the settlement...if that is blown up, does the entire settlement follow the same path and a new deal struck? I have seen opinions ranging from the settlement sticks without the fund, to the settlement remains the funds will be distributed differently, to the entire settlement goes back to the drawing board. Again, none of what I have read would I consider a definitive "what next" from credible sources.
FTAG 2000
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YouBet said:

Well, if Trump can't have the money from the settlement and this fund idea is dead.... then where does the settlement money go?


In Marxist federal judge lalaland it'll probably go to the j6 committee members
flown-the-coop
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No idea though maybe one of the resident lawdawgs can chime in, but it may simply be unknown pending next actions by the judge or some hearing.
 
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