Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

BREAKING: Trump Unable to Secure Bond for $454 Million Judgment in NYC Fraud Case as Marxist Tyrant Letitia James Threatens to Seize Assets
thegatewaypundit.com ^ | 3/18/2024 | Cristina Laila

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 ...


TOPICS: Breaking News; Crime/Corruption; Extended News; Government; Politics/Elections
KEYWORDS: bond; newyork; nycfraudcase; trump
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 141-143 next last
To: Parley Baer

Paging Elon Musk, got any ready cash laying around we could tap into. re:loan


21 posted on 03/18/2024 11:04:59 AM PDT by Licensed-To-Carry (John 14:6 Hebrews 9:27)
[ Post Reply | Private Reply | To 9 | View Replies]

To: bitt

She’ll fill up his hotels with illegals.


22 posted on 03/18/2024 11:06:05 AM PDT by telescope115 (I NEED MY SPACE!!! 🔭)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ducttape45

Perversion, bastardization and evil all in one package.


23 posted on 03/18/2024 11:07:13 AM PDT by phormer phrog phlyer
[ Post Reply | Private Reply | To 14 | View Replies]

To: bitt
No doubt any US oligarchs in the position to lend Trump $454 million have been told by Putin the US Deep-state there would be grave risks to their financial welfare if they did.
24 posted on 03/18/2024 11:09:03 AM PDT by PGR88
[ Post Reply | Private Reply | To 1 | View Replies]

To: Licensed-To-Carry

Musk could do it, but will he?


25 posted on 03/18/2024 11:09:07 AM PDT by telescope115 (I NEED MY SPACE!!! 🔭)
[ Post Reply | Private Reply | To 21 | View Replies]

To: butlerweave

Not sure about NY law, but there’s a difference in that this is about fines and payments not about prison time.


26 posted on 03/18/2024 11:09:14 AM PDT by Bayard
[ Post Reply | Private Reply | To 18 | View Replies]

To: butlerweave

Civil case.


27 posted on 03/18/2024 11:09:57 AM PDT by gcparent (God Bless America )
[ Post Reply | Private Reply | To 18 | View Replies]

To: Bayard

He can appeal, without getting the money, but, to stay the decision, while he appeals, he would have to put up the full amount, as a bond.


28 posted on 03/18/2024 11:10:12 AM PDT by Ez2BRepub (don't know)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Bayard

But no one is standing in the way of an appeals court stopping an attempted theft. Without it the damage is irreparable.

BTW if they succeed in this and Trump becomes President , I suggest he have three or four C130s fully loaded with illegals gathered up throughout the country and fly them into New York City.


29 posted on 03/18/2024 11:10:13 AM PDT by McGavin999 ( A sense of humor is a sign of intelligence, leftists have no sense of humor, therefore……)
[ Post Reply | Private Reply | To 15 | View Replies]

To: bitt

The DA set the ‘fine’ that high and the judge required it to be paid in 30 days, to cause this to happen. Did they actually collude for it to happen? Don’t know, but they sure wanted it to happen by their “individual” actions.


30 posted on 03/18/2024 11:11:09 AM PDT by GreyFriar (Spearhead - 3rd Armored Division 75-78 & 83-87)
[ Post Reply | Private Reply | To 1 | View Replies]

To: butlerweave

Sorry wrong thread.


31 posted on 03/18/2024 11:12:33 AM PDT by gcparent (God Bless America )
[ Post Reply | Private Reply | To 27 | View Replies]

To: Bshaw

“The goal was to drain all of Trump’s liquid resources and to constrain his ability to appeal.”

The goal was/is to ground and seizure of Trump jet, and to ground his campaign.

They are attempting to ground, literally, his campaign.


32 posted on 03/18/2024 11:13:05 AM PDT by Varsity Flight ( "War by 🙏🙏 the prophesies set before you." I Timothy 1:18. Nazarite prayer warriors. 10.5.6.5)
[ Post Reply | Private Reply | To 17 | View Replies]

To: pepsi_junkie

Donald Trump = Dagney Taggart


33 posted on 03/18/2024 11:13:22 AM PDT by Mass Market
[ Post Reply | Private Reply | To 8 | View Replies]

To: telescope115

Musk is worth billions, but how much is liquid at the moment?


34 posted on 03/18/2024 11:13:23 AM PDT by Nervous Tick ("First the Saturday people, then the Sunday people...": ISLAM is the problem!)
[ Post Reply | Private Reply | To 25 | View Replies]

To: bitt

I wonder if Austin v. United States, 509 U.S. 602 or Hudson v. United States, 522 U.S. 93 are potentially helpful.

The key word in all this is “excessive”.


35 posted on 03/18/2024 11:13:41 AM PDT by Fury
[ Post Reply | Private Reply | To 1 | View Replies]

To: bitt

it seems unconstitutional

he is being denied due process


36 posted on 03/18/2024 11:14:09 AM PDT by joshua c
[ Post Reply | Private Reply | To 1 | View Replies]

To: bitt

The banana republic Leftists are dancing with Satan in a ring. Vernal Equinox a few hours away now.

How much more sand will they kick in our faces to test our “turn the other cheek” as they laugh at us.?
The Left is counting on it going on and on.

“The Lord is righteous, he loves justice” (Psalms 11:7).

Jesus said, “And will not God bring about justice for his chosen ones, who cry out to him day and night? Will he keep putting them off? I tell you, he will see that they get justice, and quickly” (Luke 18:7-8).

Deuteronomy 32:35
Vengeance is mine,
and recompense;
Their foot shall slip in due time;
For the day of their calamity is at hand,
And the things to come hasten upon them.


37 posted on 03/18/2024 11:14:16 AM PDT by frank ballenger (There's a battle outside and it's raging. It'll soon shake your windows and rattle your walls.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: McGavin999

I want to see NYC officials in prison.


38 posted on 03/18/2024 11:14:20 AM PDT by Fai Mao (Starve the Beast and steal its food.)
[ Post Reply | Private Reply | To 29 | View Replies]

To: Parley Baer

Good point.


39 posted on 03/18/2024 11:14:49 AM PDT by vivenne (⁹)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Fair Paul

Until he announced his campaign, the RNC was paying his bills. He’s fine.


40 posted on 03/18/2024 11:17:32 AM PDT by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
[ Post Reply | Private Reply | To 10 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 141-143 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson