Posted on 03/25/2024 9:30:36 AM PDT by Red Badger
An appellate court ruled that President Trump can post a $175 million bond to cover Letitia James’ $464 million judgment.
Trump has 10 days to post the bond.
Marxist New York Attorney General Letitia James last Thursday took the initial step to seize Trump’s assets. She filed judgments in Westchester County where Trump’s private estate and golf course named Seven Springs is located.
President Trump had until Monday to either pay the judgment or convince the appellate court to allow him to defer the payment pending appeal.
Trump’s legal team filed an appeal and requested a stay on the massive $464 million judgment.
On Thursday Trump’s attorneys sent a letter to the Appellate Division of New York’s Supreme Court and asserted Letitia James’ actions are “unconstitutional.”
The appellate court intervened on Monday and ruled Trump can post $175 million bond.
“It is ordered that the motion is granted to the extent of staying enforcement of those portions of the Judgment (1) ordering disgorgement to the Attorney General of $464,576,230.62, conditioned on defendants-appellants posting, within ten (10) days of the date of this order, an undertaking in the amount of $175 million dollars,” the two-page order from the appellate said, according to ABC News.
ABC News reported:
A New York appellate court has ruled that former President Donald Trump can post a lower bond to cover his $464 million civil fraud judgment.
The Appellate Division, First Department said Trump can post a bond “in the amount of $175 million” to cover the judgment.
Trump’s attorneys had argued obtaining a bond for the full amount of $464 million was a “practical impossibility.”
The panel of five judges also opted to delay enforcement of the $464 million judgment by ten days.
President Trump responded to the appellate court’s ruling.
“Judge Engoron has refused to obey the decision of the Appellate Division relative to the Statute of Limitations. This is a confrontation between a Judge and those that rule above him – A very bad situation in which to place New York State and the Rule of Law! Engoron has disrespected the Appellate Division and its very clear and precise ruling. He should be made to do so, and at the same time, release the GAG ORDER. This is the 5th time in this case that he has been overturned, a record. His credibility, and that of Letitia James, has been shattered. We will abide by the decision of the Appellate Division, and post either a bond, equivalent securities, or cash. This also shows how ridiculous and outrageous Engoron’s original decision was at $450 Million. I DID NOTHING WRONG, AND NEW YORK SHOULD NEVER BE PUT IN A POSITION LIKE THIS AGAIN. BUSINESSES ARE FLEEING, VIOLENT CRIME IS FLOURISHING, AND IT IS VERY IMPORTANT THAT THIS BE RESOLVED IN ITS TOTALITY AS SOON AS POSSIBLE. THANK YOU!” Trump said in a Truth Social post.
In a follow up post, Trump demanded Letitia James and Judge Engoron explain why he ruled that Mar-a-Lago was only worth $18 million.
“Judge Engoron and Letitia James should be forced to explain why he ruled that Mar-a-Lago was worth $18,000,000 when, in fact, it is worth from 50 to 100 times that amount. How did the Attorney General of the State of New York force this Corrupt Judge to do that in order to help her narrative – AND WHY?” Trump said.
Trump reacted to the New York Appeals Court ruling after he stepped out of the courthouse in Manhattan.
“New York state is being battered by his decision, so I greatly respect the decision of the appellate division,” Trump said.
WATCH:
VIDEO AT LINK......................
It’s written in cursive so she can’t................
MSDNC is going to be fun today.
[[Letitia James and the Get-Trump crowd must be pissed right now]]
Yep- and they wil scream about how biased the courts are too, and how they ‘always favor republicans’ lol
Even the new amount is ‘excessive’ in my opinion.
In New York they let real criminals out with no bail................
Been thinking about this: what happens when the seized properties, being sold, end up having appraisals closer to the amounts Trump claimed? That makes, imho, for a very, very bad optic, not to mention a basis for a yuge lawsuit for damages.
Take that beyotch!
Why? Just let her go. I hope she would be especially successful in getting the job done.
Comes up with $175 million bond?
Not so “broke Trump”.
How does a judge extend the statute of limitations?
leticia james will be lucky if she doesn’t end up in jail. The problem with this a**holes is they don’t realize that if they can’t stop their target, the target will run over them. If you raise the hood on this ‘person’, I am sure you will find massive amounts of malfeasance. Same with the judge.
Flip a coin justice.
Some progress! At least. All the dumbass greedass short sighted billionaires in the USA. Is there one who will help out DJT on this bond? Say a 50/50 split. You are going to standby while the Dems keep our borders open? So that your children and grandchildren will live in a dystopian nightmare?
Notice to conservative billionaires.
You can’t take it with you.
Your dumb children will do nothing worthwhile with the millions they inherit.
You give your money or inheritance designations to charities and NGOs. They will blow it too on complete bullcrap.
Thank God I stopped watching all news programming on all platforms back in 2008 when Obama got elected. I hope they got a good supply of crying towels.
Good point but that is in fact the way it is.
bet she’s fuming...let’s see what the biden and kamala do...especially kamala
Also one normally doesnt have top ]ost the entire bond amount, even bail is usually set at 10%
The other side is being totally exposed though for the extraordinary crap they are pulling
Statutes of limitations can be “tolled” (extended) if there is evidence that fraud was used to hide the bad deeds in question.
Of course this NY state stuff is insane and the AG belongs in jail for gross abuse of office.
Does he post 10% of that?
Perhaps Trump will be able to move this NY State BS lawfare to the Supreme Court. At least he now has 10 more days. Do I hear a 30 days stay? How about a 40 days stay?
For once I agree with Kevin McCarthy’s husband, Frank Luntz.
If the Communists had seized ONE Trump asset, it would have been a HUGE gift to Trump.
This ruling helped Letitia James James may be more than Trump.
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