Posted on 03/25/2024 11:29:01 AM PDT by CedarDave
Donald Trump was granted a partial reprieve as an appeals court drastically cut the $454 million bond he was required to post in his New York civil fraud case Monday — and the ex-president said it would be his “honor” to put up the lower amount.
A five-judge panel reduced the massive amount to $175 million — a cut of nearly 62% — and gave Trump 10 days to come up with the funds, according to a brief decision handed down by the Appellate Division, First Department, on Monday morning.
“It will be my honor to post, and we’ll post whatever is necessary, whether it be cash, security or bond,” Trump, 77, told reporters as he walked out of Manhattan court for a hearing in his separate “hush money” criminal case.
The First Department put on hold other parts of Engoron’s decision, including the portions barring Trump, his two eldest sons, Eric and Donald Trump Jr., and other top Trump Organization executives from running New York companies.
(Excerpt) Read more at nypost.com ...
Good news! I was afraid the NY appeals court would be worse than Engoron.
LOL
Media wanted to know how he’s going to pay it
He’s so back
Video: Media asks how Trump will come up with money - “First of all, it’s none of your business.”
He should pay it in PENNIES just to mess around with them. Even though Trump should not have to pay a cent, paying 175 mil is doable and he can just write the check right now and be done with this nonsense already
Maybe the NY appeals court was afraid of getting slapped backwards by a higher court.
Pay before the courts move the goal posts
That's my guess, too.
Possibly so. After the NY courts are done, Trump may well appeal in federal court, based on 8th amendment concerns about excessive fines.
The judgement of 400 plus million sure seems excessive, considering there was no injured party suffering any financial loss in this case.
It is ordered that the motion is granted to the extent of staying enforcement of those portions of the Judgment
(1) ordering disgorgement to the Attorney General of $464,576,230.62, conditioned on defendants-appellants posting, within ten (10) days of the date of this order, an undertaking in the amount of $175 million dollars;
(2) permanently barring defendants Weisselberg and McConney from serving in the financial control function of any New York corporation or similar business entity;
(3) barring defendants Donald J. Trump, Weisselberg and McConney from serving as an officer or director of any New York corporation for three years;
(4) barring defendant Donald J. Trump and the corporate defendants from applying for loans from New York financial institutions for three years; and
(5) barring defendants Donald Trump, Jr. and Eric Trump from serving as an officer or director of any New York corporation in New York for two years. The aforesaid stay is conditioned on defendants-appellants perfecting the appeals for the September 2024 Term of this Court.
The motion is otherwise denied, including to the extent it seeks a stay of enforcement of portions of the judgment (1) extending and enhancing the role of the Monitor and (2) directing the installation of an Independent Director of Compliance.
I don’t know how the particular five are chosen. And I’d still like to see how that five figured $175 million was appropriate.
https://www.nycourts.gov/courts/ad1/justicesofthecourt/index.shtml
I think the idea of owing interest from before the verdict seems bizarre to normal (non-lawyer) humans too. Imagine if I was convicted now of jaywalking 30 years ago and they charged me 30 years interest. From what I hear, Letitia is not the only nut in the almond factory (NY AG office).
It’s not too surprising that the appellate court would want to review the case, since it involves several novel theories and applications of 68(12)law. Because of the size of the fraud claims the trial court found Trump Org. liable for, as well as the corporate death penalties involved, a deeper review of the facts, law, and statutes involved is the just thing to do.
Trump may still end up having to pay the entire disgorgement amount, but at least the court is giving review. The bad part for Trump is the Court’s order wants the case briefed in time for their September calendar, and an adverse judgement on appeal could well be released in the month before the election this year.
And some people say democrat party aren’t communists.
The spot light is on and truth is out.
I think the appeals court gave a not too subtle smackdown of James and Howdy Doody. Not that I have 175 million laying around, but this is a victory for Trump. Mutant retard can’t begin seizing anything once the bond is posted, and she can’t get her fat fingers on any of that money.
If Trump has $175,000,000 in a checking account he needs to fire his financial advisor.
MASTER TROLL. 😂😂😂😂😂😂😂😂😂
Not necessarily. Everything is relative. $175 million might only be 2% or 3% of Trump’s net worth. Most people have more than that % of their net worth in cash on hand.
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