Delaware Chancery Court Math Just Doesn’t Add Up

Unless You Account for Not Paying Good Old Boy Cronies Fast Enough

Dear Friends,

I’m motivated to share with you, folks, when I run across something that is black and white, showing financial abuse. Financial crimes that I’ve written about by Delaware’s Chancery Court benefitting the seedy law firm Skadden Arps are typically quite complicated. In this case, it’s plain for all to see.

Former President and one of my idols, Donald J. Trump, is worth $3 billion. Trump, as a billionaire, got a $10,000 a day fine in Federal Court. Yet, Delaware’s Chancery Court issues $30,000 per day fines for TransPerfect CEO Philip Shawe, just to get questionable legal bills paid to cronies.

Here’s a federal judge giving a $3 billion net worth person a $10K a day fine, while a hard-working company that built itself up from a dorm room that sold for one-fourth that amount at auction has been fined 3-times that amount – a $30K a day fine, whenever they can. What are these fines for? Not paying their Good Old Boy cronies fast enough for false, fraudulent bills, as I clearly see it, folks!

See the Reuters story below for the net worth of our esteemed former Executive-in-Chief Donlald J. Trump.

Please share your feedback, folks. It is always welcome and appreciated.

Forever Delaware,
Judson Bennett–Coastal Network

Trump held in contempt, fined $10K a day until he complies with probe
By Luc Cohen
and Karen Freifeld

April 25 (Reuters) – A New York judge on Monday held former President Donald Trump in contempt of court for not producing documents subpoenaed in the state attorney general’s civil probe of his business practices, and ordered Trump to be fined $10,000 per day until he complies.
Trump lost a bid to quash a subpoena from state Attorney General Letitia James, and then failed to produce all the documents by a court-ordered March 3 deadline, later extended to March 31 at his lawyers’ request.
Justice Arthur Engoron ruled that a contempt finding was appropriate because of what the judge called “repeated failures” to hand over materials and because it was not clear Trump had conducted a complete search for responsive documents.
“Mr. Trump … I know you take your business seriously, and I take mine seriously. I hereby hold you in civil contempt,” the judge said, although Trump himself was not in the courtroom.
Trump intends to appeal the contempt ruling, said his attorney Alina Habba. “We respectfully disagree with the court’s decision,” Habba said in a statement.
Should Trump fail to pay the fine, he could be jailed, according to Sarah Krissoff, a New York lawyer not involved in the case, though she said such a scenario was unlikely and the judge could opt for other remedies such as increasing the amount of the fine.
James is investigating whether the Trump Organization, the former president’s New York City-based family company, misstated the values of its real estate properties to obtain favorable loans and tax deductions.
She has said the more than three-year-old probe found “significant evidence” that the company included misleading asset valuations in its financial statements for more than a decade.
“Today’s ruling makes clear: No one is above the law,” James said in a statement on Monday.
Trump, a Republican, denies wrongdoing and has called the investigation politically motivated. James is a Democrat.
The attorney general has questioned how the Trump Organization valued the Trump brand, as well as properties including golf clubs in New York and Scotland and Trump’s own penthouse apartment in Midtown Manhattan’s Trump Tower.
Also on Monday, Engoron granted a motion by James’ office to compel real estate firm Cushman & Wakefield to comply with certain subpoenas. Cushman conducted appraisals for several Trump Organization properties.
Trump and two of his adult children, Ivanka and Donald Jr., also were subpoenaed and ordered to provide testimony to the attorney general. An appeal is pending for the testimony.
Andrew Amer, special litigation counsel with the attorney general’s office, said during the hearing that the $10,000-a-day fine was meant to coerce Trump into complying with the subpoena, not punish him.
Habba told the judge that Trump did indeed comply with the subpoena, but that he did not have any documents responsive to James’ request. Engoron said she would have to submit a detailed affidavit about her search of Trump’s records in order to be in compliance with the subpoena.
Such an affidavit would need to show that Trump’s team had conducted a diligent search for documents, said Halim Dhanidina, a former California judge now practicing as a lawyer.
“The court’s not going to just take someone’s word for it,” Dhanidina said.
The Trump Organization’s property valuations are also the subject of a criminal probe in Manhattan, which last year led to the indictment of the company’s chief financial officer.
Manhattan District Attorney Alvin Bragg said this month that probe is ongoing despite the departure of its two top lawyers.
Reporting by Luc Cohen and Karen Freifeld; editing by Jonathan Oatis, Noeleen Walder and Howard Goller

About Judson Bennett

Captain A. Judson Bennett was a life- long resident of Lewes, DE. He served the maritime industry for 33 years, primarily as a Delaware River Pilot, guiding large ships to the Port of Philadelphia. Captain Bennett has been an active and consistent entrepreneur over the years.

He was elected as a Lewes City Councilman for 6 years. Afterwards he ran for the Sussex County Council as a Republican, and with 20 thousand people voting, lost Delaware’s closest election by 3 votes to an 8 year incumbent. Abandoning his personal political ambitions, he became the Republican District leader, advocating conservative values. Captain Bennett became a lobbyist in the state legislature advocating among many ideas, financial literacy concepts in education. He managed several political campaigns, including one for Governor of Delaware and one for the US Senate against VP Joe Biden. He is now the owner, operator, and writer for the Coastal Network which communicates regularly with over 6000 people throughout the State of Delaware.

Captain Bennett is a graduate of St. Andrew’s School in Middletown, DE (where the movie “The Dead Poet’s Society was filmed) and also graduated “Magna Cum Laude” from the University of Delaware with a BA in Criminal Justice and an MA in Liberal Studies.

He is now a Widower, living in West Palm Beach, Florida. Captain Bennett has one son, three grandchildren, and one great grand-daughter, all who live in Richmond, Virginia.