Donald Trump transferred ownership of Mar A Lago estate to his son days before arrest

[jmowreader]

49. This may qualify as a fraudulent conveyance

https://en.wikipedia.org/wiki/Fraudulent_conveyance

According to this article, certain acts are considered badges of fraud in determining if a conveyance is fraudulent:

becoming insolvent because of the transfer
lack or inadequacy of consideration
family or insider relationship among parties
the retention of possession, benefits or use of the property
the existence of the threat of litigation
the financial situation of the debtor at the time of, or after, transfer
the existence of a cumulative effect of a series of transactions after the onset of debtor's financial difficulties
the general chronology of events
secrecy of the transaction
deviation from the usual method or course of business

The Bankruptcy Code allows trustees to recover the fraudulently-transferred property.

So let me see...

Mar-a-Lago is worth either $739 million or $75 million depending on who you believe. Let's use the lower value. If Trump sold the property to Don Don for less than that, number 2 applies.

Since he transferred it to Don Don, number 3 applies.

He's still living there, or will once the temperature in Florida drops below the boiling point of pig iron, so number 4 applies.

He's under both civil and criminal indictment, so number 5 applies.

Chronology doesn't look good - he transferred the property between Criminal Indictment 3 and Criminal Indictment 4 - so number 8 applies.

AND it's almost certainly seizable as part of his RICO punishment.

Sorry Donald, but actions have consequences.