I’m not trying to be rude, but it really sounds like you don’t know what you’re talking about.

If the properties can’t get the amount they are claimed to be worth, then they are not worth that much.

Have you ever been involved in levying and selling real property? Do you think that process ever nets fair market value? Most times you don’t get 50 cents on the dollar.

Ther is a massive downside, which is rewarding fraud, both by only having a punishment equal to the fraud and also going easy the bigger the fraud is.

Again, this has no bearing on the current case. No one is rewarding fraud and no one is going easy. The court didn’t reduce the judgment, the court didn’t reduce the interest, all the court did was reduce the amount of bond that had to be posted. If you had some way in which the state of New York was materially disadvantaged by this action, you would have brought it up by now. You don’t.

In fact, this might actually work out better for them, because at least now they have $175 million in cash to satisfy a portion of the judgment. As difficult as it can be to litigate a civil action, I think every attorney will tell you that it’s often much more difficult to find, levy, and sell assets to satisfy the judgment. If the assets are in another jurisdiction then you have to domesticate your judgment, some states make that simple, some states make that fairly difficult.

You also indicated that this is “record breaking levels of fraud”, whatever that means, but advocate for the “standard action and fraud cases”. Perhaps such a record-breaking event should warrant actions other than the standard. But that concept would require thought, so don’t worry about it.