Posted on 03/25/2024 8:41:04 AM PDT by bitt
A New York appeals court paused for 10 days a massive civil fraud judgment against former President Donald Trump.
The court also and sharply reduced the bond he would have to post to obtain a longer stay to $175 million.
Trump’s lawyers in a court filing last week said that it was “impossible” for him to get an appeal bond of $454 million to satisfy the judgment in that amount, having approached more than 30 surety companies without success.
A New York appeals court on Monday paused for 10 days a massive civil fraud judgment against former President Donald Trump, and sharply reduced the bond he would have to post to obtain a longer stay to $175 million.
Trump’s lawyers in a court filing last week said that it was “impossible” for him to get an appeal bond of $454 million to satisfy the judgment in that amount, having approached more than 30 surety companies without success.
None of those companies were willing to write a bond without Trump posting cash or some other liquid asset, the attorneys wrote in their filing with the Manhattan Supreme Court appellate division panel.
Because of the size of the fraud judgment, the companies insisted that Trump show “cash reserves approaching $1 billion,” according to his lawyers. But neither Trump nor the Trump Organization company has that amount of cash on hand, the filing said.
(Excerpt) Read more at cnbc.com ...
So now Trump should obtain a $175 million loan from Deutsche Bank, the bank that Leticia James claims was defrauded by the Trump Corp. DB has already testified that the bank did their own appraisals (as normal), calculated a lower net worth (again, as normal with most clients inflating their financial statements) and offered the loans which were paid in full on-time and often early. DB has said Trump was one of their best clients in NY & they would make additional loans if asked.
So DB, James claimed victim, would be insuring Trump’s appeal of the $454 million judgement against the state of NY.
Of course, after Trump wins dismissal of the charges & judgement, he should sue the NYS Attorney General Office for Defamination (triple her BS claim of $454 million, so $1.35 billion + interest)... and for Election Interference.
Not a dime’s worth of damage was inflicted on any of Trump’s
loans. That’s certainly worth more than $175 million, isn’t
it? /s
The logic of these people doesn’t even qualify under that
term.
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