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 ...
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Trump unable to secure $454 million appeal bond in New York civil fraud case, his attorneys say
Just the News ^ | 3/18/24 | By Madeleine Hubbard
Posted on 3/18/2024, 9:57:38 AM by CFW
Alexley Navalny, please pick up the white courtesy phone...
This is some 3rd World level s—t to destroy your political opponents.
I’m sure that will make Trump quit the election - stealing his property
They think they have him now
This is very much like a scene ripped right out of Atlas Shrugged, with Trump in the role of Hank Reardon as the government attempts to ruin him and steal his property. But instead of dropping out of society and going to some mythical hidden shangri-la fantasyland with all the other likeminded productive people while society buns down, Trump is fighting the system head on, by traying to take over and lead it back to fairness, equity, rule of law, peace, and prosperity.
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.
His legal bills must be astronomical.
The court of appeals better step forward and put a stay on this before it goes too far.
Probably had this decision from the beginning. Hence the outrageous decision. NY will seize Trump tower and anything else it can,
Do you think the left cares?
They’re trying to bankrupt Trump before the election, pure and simple. Election interference at its worse.
I don’t know how the system works in NY but I heard you have to post bond first before an appeal.
Now we got him! Take 7,321.
8th Amendment violation on its face. $454 million in assessed damages for no damages incurred or claimed.
The goal was to drain all of Trump’s liquid resources and to constrain his ability to appeal.
This ‘judge’ should be tarred and feathered.
Don’t they release everyone without Bond over and over and over again ?
Imagine the infighting among government bureaucrats for office space in Trump Properties...
They won’t give him money because his real estate has lost value due to the COVID lockdowns (leading to work-from-home) and the rampant crime and chaos in NY.
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