Posted on 03/18/2024 10:53:59 AM PDT by bitt
President Trump’s lawyers on Monday in a court filing said Trump has been unable to secure a bond in order to appeal Letitia James’ $454 million judgment.
Letitia James last month threatened to seize Trump’s assets.
Last month President Trump offered to post a $100 million bond and asked for a stay of the $464 million judgment in Letitia James Soviet-style NYC fraud trial.
“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,” Trump’s defense lawyers wrote in the filing. “Appellants nonetheless plan to secure and post a bond in the amount of $100 million.”
Trump has been unable to secure a bond for the judgment’s full amount his lawyers said on Monday.
Trump’s “ongoing diligent efforts have proven that a bond in the judgment’s full amount is ‘a practical impossibility,'” Trump’s lawyers said, accordin to NBC News. “These diligent efforts have included approaching about 30 surety companies through 4 separate brokers.”
Reuters reported:
Donald Trump has so far been unable to obtain a bond that would allow him to appeal a $454 million judgment against him in a New York civil fraud case without posting the full amount himself, his lawyers said on Monday.
Trump must either find the cash or post a bond to prevent the state’s authorities from seizing his properties while he appeals Justice Arthur Engoron’s Feb. 16 decision ordering him and co-defendants to pay $464 million in penalties and interest for misstating property values to dupe lenders and insurers.
In a court filing on Monday, his lawyers urged a mid-level state appeals court to delay enforcement of the judgment, arguing the amount was excessive.
(Excerpt) Read more at thegatewaypundit.com ...
Paging Elon Musk, got any ready cash laying around we could tap into. re:loan
She’ll fill up his hotels with illegals.
Perversion, bastardization and evil all in one package.
Musk could do it, but will he?
Not sure about NY law, but there’s a difference in that this is about fines and payments not about prison time.
Civil case.
He can appeal, without getting the money, but, to stay the decision, while he appeals, he would have to put up the full amount, as a bond.
But no one is standing in the way of an appeals court stopping an attempted theft. Without it the damage is irreparable.
BTW if they succeed in this and Trump becomes President , I suggest he have three or four C130s fully loaded with illegals gathered up throughout the country and fly them into New York City.
The DA set the ‘fine’ that high and the judge required it to be paid in 30 days, to cause this to happen. Did they actually collude for it to happen? Don’t know, but they sure wanted it to happen by their “individual” actions.
Sorry wrong thread.
“The goal was to drain all of Trump’s liquid resources and to constrain his ability to appeal.”
The goal was/is to ground and seizure of Trump jet, and to ground his campaign.
They are attempting to ground, literally, his campaign.
Donald Trump = Dagney Taggart
Musk is worth billions, but how much is liquid at the moment?
I wonder if Austin v. United States, 509 U.S. 602 or Hudson v. United States, 522 U.S. 93 are potentially helpful.
The key word in all this is “excessive”.
it seems unconstitutional
he is being denied due process
The banana republic Leftists are dancing with Satan in a ring. Vernal Equinox a few hours away now.
How much more sand will they kick in our faces to test our “turn the other cheek” as they laugh at us.?
The Left is counting on it going on and on.
“The Lord is righteous, he loves justice” (Psalms 11:7).
Jesus said, “And will not God bring about justice for his chosen ones, who cry out to him day and night? Will he keep putting them off? I tell you, he will see that they get justice, and quickly” (Luke 18:7-8).
Deuteronomy 32:35
Vengeance is mine,
and recompense;
Their foot shall slip in due time;
For the day of their calamity is at hand,
And the things to come hasten upon them.
I want to see NYC officials in prison.
Good point.
Until he announced his campaign, the RNC was paying his bills. He’s fine.
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