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 ...
“Wait until Trump regains the Presidency and declines all New York state requests for aid.”
The list of reprisals could be long and expensive.
1) Hurricane Don this fall lays waste like Hurricane Sandy did.
2) The red states send collectively 50,000 illegals a week to NYC.
3) Truckers will not cross into state lines.
4) Businesses pull out by the hundreds at first, smaller ones first then the big ones. (See SF)
5) Some investors avoid the NYSE.
6) The tourist attraction is collapsing.
The list is endless when it comes to paybacks - not to mention 25 states are gonna be really PO’d.
I watch all of President Trump’s campaign speeches online.
President Trump once said his legal bills were $100 million, like you said.
Somewhere else....I forget where....I heard his legal bills were $50 million.
Yep. Basically, he said since it is publicly owned and accessed by publicly owned roads, the state should dictate their business operations. When that didn’t work, it was well the BK next door was busier when CFA was closed.
For reference, I have ate at airport CfA locations. Maonday-Sat if they are next to/near a BK, McDonalds, etc. in a food court setting 75% of the people head for CfA. I have also seen on a Sunday, people see they are closed, grumble and find other food. I have never head people demand they open.
By now people know CfA is closed ans why. IMHO, that is part of the reason they are popular,
Re #4. Rush was right. Once people who had to commune into Manhattan each day, were forced to WFH for over a year and business went on as normal, NYC was on the downward spiral. No need to rent insanely high tiny apartments nearby, those who could afford it moved to LI, CT and other areas outside the city.
Now many companies have been forced to allow WFH several days a week. While it helped a bit, it has only slowed the bleeding. I know people who know only are in the office Tues-Thurs unless they have to meet a client, etc. in person Mon or Fri, which is very rare as the clients are often on the same page.
In fact, in 2022 their employer let a lease expire on a “standard” cubicle style office space in an adjacent unit, around 15k SF, and kept the specialized main office space like HR, the engineering dept with large format printers, etc. and renovated a area to be multi-purpose team work areas. Said cube area is still vacant.
Could we start a GoFundMe site???
i was just wondering if all his holdings are mortgaged to the hilt.
If they aren’t 100 million yet, they sadly will be soon.
I was wondering the same thing. I think his supporters could come up with the needed amount. But everyone would need to chip in.
laplata, dear, YOU KNOW THEY WOULD!!!
I don’t know exactly how to start one of those funds, but someone should know and we can show how much we love this special MAN.
Regards.
see post #99
see post #99
And regards to you!
I bet those hotels in NY that are housing illegals have been totally trashed. The hotels will not report it because of all the money the government is sending them.
Thank you so much, Reynoldo.
Regards.
This whole fiasco is about to be undere a federal court law suit stay based on Due Process, Civil Rights and the 8th Amamendment. The TRump law team is diligently exploring all options as required to ripen their federal case.
Watch the federal court brakes bring this whole fiasco to a screeching halt.
Next up I suspect Biden’s government wants to get Trump on campaign funds violation charges. Making it difficult (behind the scenes?) to get loans allows them to then question where Trump got his funds to post a bond.
The media will then set the stage and claim Trump used political donations to pay a legal judgement.
Here is the link!
https://www.gofundme.com/f/stand-with-trump-raise-the-settlement?qid=381d096876aa18675ba2ea87b364893c
Thanks so much, Gal, I appreciate it.
Hope it does well
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.