Isn't actually collecting judgements hard? I thought I read, in some article about how Alex Jones hasn't paid any of his judgement, that it's not uncommon to take decades before seeing any money. Often people settle for a greatly reduced sum that they can get right now, for that very reason.
sanderjd|1 year ago
It's long past time to stop letting rich people manipulate the legal system to get away with their criminality.
ryandrake|1 year ago
That seems to be the key. If I, as a peon, owed child support or something, the government has many ways to squeeze that pittance out of me, including asset seizure and wage garnishment. But if instead I was a millionaire business owner owing $millions, I can just... not pay it. Have my lawyer whisper some arcane incantation to a judge, and suddenly the government is all "Oh, woe is me! How can we possibly get this money??" Two different systems, folks.
JellyBeanThief|1 year ago
elzbardico|1 year ago
thephyber|1 year ago
In regards to collecting, if a business is still open and collecting revenue, it’s a fairly easy target for collecting _something_. Whether a full $40 million judgement on a person/company can be collected is a different beast. There is a tremendous incentive to throw lots of billable hours at lawyers to appeal, or lots of billable hours to financial advisors to hide assets (shell companies, offshore jurisdictions, family members, fake identities, hard currency / commodities, etc). There is some evidence that AJones has done some of this (and that the Trump company at the heart of the NY fraud case has tried to migrate to FL and send assets to other entities).
spdustin|1 year ago
lazide|1 year ago
The challenge is a lot of sketchy folks will ensure they hold very little directly themselves, which complicates things.