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BREAKING: Trump Unable to Secure Bond for $454 Million Judgment in NYC Fraud Case as Marxist Tyrant Letitia James Threatens to Seize Assets
thegatewaypundit.com ^ | 3/18/2024 | Cristina Laila

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 ...


TOPICS: Breaking News; Crime/Corruption; Extended News; Government; Politics/Elections
KEYWORDS: bond; newyork; nycfraudcase; trump
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To: Bob Ireland

Trump was not going to get a fair trail or outcome, no matter who his Attorney’s were.


61 posted on 03/18/2024 11:34:44 AM PDT by Ez2BRepub (don't know)
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To: bitt
Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted.
US Const., Eighth Amendment

Uh, yeah.

Unconstitutional from stern to bow. What are Trump's advisors telling him? There should be an injunction and this taken immediately to the Supreme Court.

62 posted on 03/18/2024 11:36:33 AM PDT by Jim W N (MAGA by restoring the Gospel of the Grace of Christ (Jude 3) and our Free Constitutional Republic!)
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To: telescope115

“Musk could do it, but will he?”

Then there’s all of us. If I and 40 million others gave $10 then Trump would have his 400 million.


63 posted on 03/18/2024 11:38:03 AM PDT by cymbeline
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To: bitt

Authorities seizing his properties communism heading toward home plate.


64 posted on 03/18/2024 11:38:04 AM PDT by Vaduz
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To: keats5

No no no. That’s only for actual criminals.

Like them


65 posted on 03/18/2024 11:41:38 AM PDT by butlerweave
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To: Jim W N

but Letitia James is African and the Constitution means nothing to her


66 posted on 03/18/2024 11:42:59 AM PDT by butlerweave
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To: Bshaw

“This ‘judge’ should be tarred and feathered.”

Yeh, That too...


67 posted on 03/18/2024 11:44:26 AM PDT by farmguy ( )
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To: frank ballenger

amen and amen!

Haman also comes to mind. They will be hung on their own gallows.


68 posted on 03/18/2024 11:45:35 AM PDT by spacejunkie2001
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To: DCBryan1

I am trying to keep my public comments legal. What I want and what I put in writing are not the same.


69 posted on 03/18/2024 11:45:35 AM PDT by Fai Mao (Starve the Beast and steal its food.)
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To: Bayard
I don’t know how the system works in NY but I heard you have to post bond first before an appeal.

A lot of uninformed news reports have said that, but it's not true. A defendant can appeal without posting a bond, but unless there's a bond the plaintiff can collect their judgment while the appeal is pending.

70 posted on 03/18/2024 11:45:48 AM PDT by Lurking Libertarian (Non sub homine, sed sub Deo et lege)
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To: telescope115; Licensed-To-Carry

Musk implied he wasn’t going to help in this way during his interview with Don Lemon. But he phrased it something like “I’m not paying his legal bills”. It doesn’t necessarily preclude a private loan, but it seemed to suggest he wasn’t going to get involved.

Musk also has to watch his back since everything he does is under great government scrutiny. Musk’s leverage is that he is the only viable option for the “green transportation” sector, and his Satellite program has a lot of military and intelligence agency contracts. But on both of those, and with X as well, he is facing various levels of scrutiny and regulatory hassles.


71 posted on 03/18/2024 11:46:03 AM PDT by monkeyshine (live and let live is dead)
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To: butlerweave

Letitia James can take a flying leap.

I said, there should be an immediate injunction and this taken immediately to the Supreme Court.


72 posted on 03/18/2024 11:46:23 AM PDT by Jim W N (MAGA by restoring the Gospel of the Grace of Christ (Jude 3) and our Free Constitutional Republic!)
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To: stylin19a

friday


73 posted on 03/18/2024 11:48:45 AM PDT by spacejunkie2001
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To: DCBryan1

I can see your smirk from here.

IBTZ


74 posted on 03/18/2024 11:50:56 AM PDT by grey_whiskers ( The opinions are solely those of the author and are subject to change without notice.)
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To: spacejunkie2001

Gallows.....

I learned it was a gallows but there is another translation:
Esther 7:10

New Living Translation
So they impaled Haman on the pole he had set up for Mordecai, and the king’s anger subsided.

King James Bible
So they hanged Haman on the gallows that he had prepared for Mordecai. Then was the king’s wrath pacified.

New King James Version
So they hanged Haman on the gallows that he had prepared for Mordecai. Then the king’s wrath subsided.


75 posted on 03/18/2024 11:51:54 AM PDT by frank ballenger (There's a battle outside and it's raging. It'll soon shake your windows and rattle your walls.)
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To: Bshaw

+1

5.56mm


76 posted on 03/18/2024 11:53:23 AM PDT by M Kehoe (Quid Pro Joe and the Ho have got to go. )
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To: grey_whiskers

this is so funny to you.


77 posted on 03/18/2024 11:53:41 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: spacejunkie2001

On Haman....

By the way, in Deuteronomy 17 the Hebrews were told “but you shall utterly destroy them: the Hittite and the Amorite and the Canaanite and the Perizzite and the Hivite and the Jebusite, just as the LORD your God has commanded you.

....But they had mercy on a baby. The baby grew up and his grandchild was Haman who dedicated his energy to slaughtering all Jews. A lesson to not substitute our decisions and opinions in place of God’s.


78 posted on 03/18/2024 11:57:49 AM PDT by frank ballenger (There's a battle outside and it's raging. It'll soon shake your windows and rattle your walls.)
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To: Parley Baer

“I wonder if the bonding companies are afraid to give Trump a bond in NY. Maybe they are afraid of retribution from James and her ilk.”

Given the current state of no bail for people not named Trump, they probably desperately need the business.


79 posted on 03/18/2024 12:01:12 PM PDT by Carolina_Thor (It's always better to be thought a fool, than to open your mouth and remove all doubt.)
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To: pepsi_junkie

True! Let’s hope he doesn’t shrug, but he seems constitutionally unable to back down from a fight. And 71 million of us love him for that!


80 posted on 03/18/2024 12:02:22 PM PDT by The Westerner ("Communists no longer must hide the plan to destroy American Capitalism," says BHO)
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