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 ...
-PJ
“This ‘judge’ should be tarred and feathered.”
I was going to suggest giving him a prostate exam with a McCulloch 360 but your idea works too.
Rats are so scummy, I wouldn’t use one to wipe my butt in a sea of sewage slurry.
Well thought out comment.
Our pastor preached on that yesterday!!!
According to the Left, not according to Patriots like me.
The enemies of liberty are many, but to lay down your God-given, blood-bought freedoms without a fight is a sad proposition and I will not relinquish my Constitution, the Supreme Law of the Land without a fight and hope to either win back our Free Constitutional Republic or die trying. It is the good fight of faith and freedom. Better than being a POW or MIA in this fight we're in.
Without the Constitution, your freedom, wellbeing, and very life are in the hands of a totalitarian gov't that would love to not just steal the 2020 election, but those things you hold dear including your freedom, wellbeing, and life itself. Freedom is worth a life.
There’s no “bail” here, he was ordered to pay a massive fine, but that’s not the same.
Tish and the judge set the terms and the judgment in the first few minutes of the case.
It didn’t matter who represented Trump in the ensuing valuation trial.
Keep trusting God. He’s the only one who doesn’t have any skeletons.
Nothing short of a Civil War will stop the wholesale corruption of our Federal and State governments.
it’s possible but he will be in a lockup period for at least 6 months
Excellent point. He may be their current target, but they have shown they will not hesitate to do the exact same thing for any other business in the state who they disagree with politically in someway. That is why businesses have been fleeing the state for years due to its high tax burden and other things. I don’t foresee, major businesses investing or remaining in the state to the degree they have in the past
Given that the judgment is because of hard asset valuations, the use of hard assets is anathema for the granting of loans or bonds, I’m sure.
This.
Trump should have sold everything in NY long ago, now those chickens coming home to roost.
When the valuation of those assets (likely significantly mortgaged already) is questionable, then it may well be anathema.
You are correct that the term “bail” is not accurate. A bond was one of the ways to satisfy the amount the court’s payment demand.
One New York state Assemblyman already said he wants to force Chick-fil-a to open on Sundays on the New York State Thruway.
-PJ
I’m going to guess that his assets are thoroughly protected against just this kind of LAWFARE.
If it comes down to it, we’ll just CARRY him to The White House in January, 2025 if his limo ends up being confiscated, LOL!
He knows he can’t take it with him; Heaven is his final home. He is risking all that he owns to set America back on her feet again. Cash lost doesn’t matter in the long run. ;)
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