NY Court of Appeals Lowers Amout of Bond Trump Must Post to Appeal from $454 Million to $175 Million

Trump had moved for the court to accept a $100 million bond, which he said he could afford. Of course the court could not do what Trump asked; they have to punish him and treat him like a rapist.

Hopefully Trump can come up with the extra $75 million to get this appeal started.

Once he exhausts NY state appeals, I think he can then appeal to the 2nd Circuit Court of Appeals (which is liberal) and then the Supreme Court.

The Court of Appeals also gave him an additional 10 days to come up with the money.

Trump New York fraud bond cut to $175 million in appeal from $454 million

A New York appeals court paused for 10 days a massive civil fraud judgment against former President Donald Trump.

The court also and sharply reduced the bond he would have to post to obtain a longer stay to $175 million.

Trump's lawyers in a court filing last week said that it was "impossible" for him to get an appeal bond of $454 million to satisfy the judgment in that amount, having approached more than 30 surety companies without success.

I'm sure that the order banning him from doing business in New York factored in here -- as it was intended to.

A New York appeals court on Monday paused for 10 days a massive civil fraud judgment against former President Donald Trump, and sharply reduced to $175 million the bond amount he would have to post to obtain a longer stay of that damage award.

The ruling came the same day that New York Attorney General Letitia James would have been allowed to start seizing Trump's real estate and bank accounts to satisfy the $454 million-and-rising business fraud judgment in the case.

The order by the five-judge appeals courts panel prevents James from doing so, for now.

Trump's lawyers, who had previously suggested that the bond be set at $100 million, in a court filing last week said that it was "impossible" for him to get an appeal bond of $454 million after having approached more than 30 surety companies without success.

Trump's two adults sons, his company the Trump Organization and two executives who all were co-defendants in the case owe a total of about $10 million in additional damages.

None of the surety companies were willing to write a bond without Trump posting cash or some other liquid asset, the attorneys wrote in their filing with the Manhattan Supreme Court appellate division panel.

Because of the size of the fraud judgment, the companies insisted that Trump show "cash reserves approaching $1 billion," according to his lawyers. But neither Trump nor the Trump Organization company has that amount of cash on hand, the filing said.

The criminal James and the criminal Engeron purposely made the fine so large that only someone with one billion in cash could even file an appeal to challenge their corrupt orders.

This is all deliberate.

Jonathan Turley @JonathanTurley

The NY Court of Appeals has finally intervened to offer a modicum of restraint in the Trump case. It has A has given former President Donald Trump 10 more days to post a bond of $175 million. That is likely doable and avoids the cliff drop set up by Engoron and James.

...Both Engoron and James would have gained greater credibility if they recognized the obvious unreasonableness of the original demand. While still a massive bond lift, it should be attainable for Trump to allow for the review of Engoron's controversial ruling...

...For those looking for a thrill kill moment at midnight, this will be a disappointment. Hopefully, the appellate court will restore a degree of objectivity and restraint missing on the trial level...

...The true sunk costs of this controversy are likely born by Democrats who are seen as engaging in raw lawfare. Turning the New York legal system into an inescapable political vortex is repellent for many citizens and companies alike.

posted by Disinformation Expert Ace at 12:10 PM

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