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 ...
Amen. Thank you for that post, it reminds me of GOD’s Goodness and strengthens my faith.
1) 10,000,000 people to "gift*" $46.40 or
2) 1,000,000 people to "gift*" $464.00 or
3) a combination thereof.
They must be gifts under the current IRS exclusionary gift tax in order to avoid taxes.
DA? This is a NY state case, not city or county.
Softie. I think we should be decorating lamp posts.
They’re planning on Stealing everything and selling it , Oh how munch does Letitia James plan to keep for herself
very little—lots of stock
I heard to date—at least 100 million. Not sure if that’s right so don’t quote me.
Yep the 8th amendment is being utterly violated here...
Seems to me Trump Lawyers should have already filed actions with the fed on that matter.
At least as much as Fani took from the Fulton Cty tax payers and put in her cash trunk.
Only those who have murdered people.
At least I seem to have done one good thing today.
Best.
When if they grab it watch the Looting start big time
You have to post the bond to prevent them from seizing your property while you appeal. I suspect the appeals court at some level will either accept the $100 million or stay enforcement during appeal because of the amount. The State could do a lot of damage to Trumps properties selling them for below market etc…. Trump then has no way of getting the seized property back if he wins on appeal. I suspect a higher court will decide the amount was excessive and knock down or vacate the damages. But the damage to Trumps portfolio will have already been done if they seize his assists. The only way to prevent that is stay the States ability to seize and sell off the properties. But I am not a lawyer. Also I think the articles title may be a bit sensationalized . The lawyer claimed in their filing that Trump could not raise such an unreasonable bond, we do not know what is going on behind the scenes.
Correct.
The Democrats have studied Stalinist tactics very well indeed. They are now full-bore totalitarians. And dumbed-down leftist voters don’t realize that revolutions devour their own.
I have suspected from the get go that Trump's attys have badly mishandled this case. We will see...
My mistake, she is ‘state attorney general’ not a district attorney. Of course I could say she is also a DA aka dumb ass.
so, did his merger go thru ? estimates were he was to realize 4 billion because of it...
https://www.nytimes.com/2024/03/09/business/trump-media-digital-world-merger.html
Don’t they release everyone without Bond over and over and over again ?
The Judge is supposed to set bail but Engoron and Litigious James are on the same side.
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