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 ...
Station guards outside. Watch heads explode.
incredible reminder
Lamp posts hopefully will have LED lights and the ropes will be from sustainable organic fibers.
Wouldn’t want to be criticized later.
True factoid: My free Barnes & Noble book bag is made of:
“fully traceable and fair trade 100% organic in-conversion cotton” as the tag says.
The lengths to which the deep state will go would have been hidden had the base dumped Trump because, “So-and-so is more electable, Trump’s brought all these legal troubles on himself, so cut him loose so he doesn’t drag the party down with him”.
That is the point! How might they have challenged the court venue, especially in federal court on Constitutional grounds? Now he is liable for $1/2 billion bond and a state official that wants to steal his property away from him and leave him destitute.
We will see if Trump's people have anything up their sleeve. So far, I am not impressed❗
Unconstitutional from stern to bow. What are Trump’s advisors telling him?
Something being unconstitutional only matters if both parties abide by the law. Unfortunately the constitution has become nothing more than a piece of paper.
It’s too bad no one else in the US has Trump’s back enough to make any sacrifices of their own. My tagline from January 2021 is more true today than the day I first entered it. They will destroy Trump, and we will sit by and watch it happen. Maybe we’ll be able to reminisce about his presidency when we’re lined up for the boxcars.
Put James on notice, if she seizes his property and Trump wins on appeal, he is going to sue the State of New York for an ungodly amount.
KNOWING HOW SLOWLY ANY GOVERNMENT ENTITY PAYS ANY BILLS-—WILL THE POWER COMPANY KEEP THE LIGHTS ON IF JAMES SEIZES ANY TRUMP PROPERTIES???
Exactly. It’s too much of a coincidence in my opinion.
Exactly. I’m sure the lawyers are working on that as well. The banks had no problems with the loans based on their own research, they were paid back as specified in the terms. They’re really is no victim, except the state concocted version.
or sue NYC for any prime property of equal value, plus interest. Because if they sell his property and they lose on appeal, then damages have attached.
Yes just what I was thinking, this whole thing reeks. His attorneys have no recourse? That is BS, what if the judgement was $700 quadrillion, they would just accept that?
thanks.
I was hopin he could use mar-a-lago as security for the 400+ million bond.
It would stick it in all their ears.
Yes, the whole thing is a joke.
Trump valued the property worth X on the application.
The Bank, sent it own adjusters and folks out and decided whether or not its worth it.
No Different than if you were to ask to refinance your home and though it was worth 200k, but the banks decides its only worth 180k after having it appraised or their own research.
This isn’t a crime in any sense of the word.
All of you ignorant liberals, and RINOs, who are happy about this, better do exactly what your Marxist masters tell you to do, (and don't you ever dare disagree with them, about anything), or else you'll be dealt with just like President Trump.
USA is now a totalitarian dictatorship.
WAKE UP AMERICA!!!
So it’s not only Islamic terrorists who want to destroy buildings in NYC. It’s our own citizens this time.
That will be mostly in stocks, most likely.
They can’t beat God’s Word! THANK YOU!
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