Former President Donald Trump is seeking to post a $100 million bond in lieu of the $454.2 million judgment imposed on him by the judge in his New York civil fraud case involving the over-valuation of his real estate assets.
According to combined media reports, Trump’s legal team is asking a New York appeals court to temporarily stay the judgment by Judge Arthur Engoron, arguing in a filing that the “exorbitant and punitive amount of the judgment coupled with an unlawful and unconstitutional blanket prohibition on lending transactions would make it impossible to secure and post a complete bond.” The attorneys said a $100 million bond coupled with the former president’s “vast” real estate holdings and the ongoing oversight by a court-designated monitor for the Trump Organization should be sufficient.
The Trump lawyers also sought to pause other punishments enacted by Engoron, including three-year bans on running a company in New York State and obtaining a loan from a New York bank.
New York Attorney General Letitia James issued a separate filing that called the request by Trump “especially inappropriate” and insisted Trump conceded he lacked the liquid assets to satisfy the judgment.
“These are precisely the circumstances for which a full bond or deposit is necessary, where defendants’ approach would leave (the attorney general’s office) with substantial shortfalls once this court affirms the judgment,” she wrote, adding there was a “substantial risk” that Trump would either not pay the penalties or could move assets outside of her jurisdiction if he lost his appeal.
If Trump’s request was secured, a bonding company would be responsible for payout in the event Trump lost his appeal and could not fulfill Engoron’s penalties.
Photo by Gage Skidmore / Flickr Creative Commons
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This is the most disgusting witch hunt and unjustified ruling I have ever seen in this country towards an x-president. Leticia James and Judge Engoran should be ashamed of themselves. What they are putting out will come back to them in spades and then we the people will have the last laugh! Go after Hunter Biden, Bill and Hillary Clinton, Obama and the rest of the thieves that run this country and running it into the ground for the sake of the Globalists. Shame, Shame, Shame on the New York justice system.
You are handing the election over to President Trump on a silver platter, unless of course you cheat again. All of you are so arrogant and to full of yourselves to realize the more you penalize this man, the more popular he becomes! In Spanish we would call all of you “pendejos”!!!
I hope every state is a blowout across the map…RED for TRUMP…what is happening is a total OUTRAGE…..the Democratic DESPERATION is an OUTRAGE.
Agree this is the most disgusting case, the E Jean Carrol case is the funniest. 40 yrs ago she and Trump “locked eyes” as they entered an upscale dept store. They chatted as they walked through the store and then she took him to a dressing room and they had sex???? Sales people work on commission yet NO ONE followed Trump with the hope of getting his sale/money??? Dressing room just happened to be open even though they are always locked? No sales people saw them go in or come out??? Carrol did not scream or tell anyone in the store what happened? She did not tell anyone for 40 yrs? NY changed the statute of limitations for this case which caused the state to lose $$$ when jailed inmates made the claim. Carrol filed the case AFTER talking with George Conway at a party who assured her he would fund the “project”
This so called Real Estate news is really a political story. If you have any common sense, any ethics, you see that this case is purely bunk. This case is an example of the lawlessness we see on so many levels today, either to ruin Trump or destroy our country. The socialists & commies have infiltrated every court, institution & organization. James & Engoron are following their goose step orders handed down by the likes of 0bama, Soros, Rockefellers, Clintons & Bush+Co. These anti-Americans need to be exposed & arrested for their multiple crimes against humanity & treason!