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 ...
There are smart capable black citizens but YOU'RE RIGHT ANN - NONE of the above are on the list of 'smart and capable'... Letitia James is black trash. She's an embarrassment to the community - to the human community.
That's why God made judges: to ride herd on those wild cats. For all the rage at Ms Leticia, Engoron is dirtier, really.
Government by Judiciary
- Raoul BergerA big problem. A worthwhile book.
Tristan Snell, author of the book “Taking Down Trump”. LOL
A couple outdo President at the reduced amount - for CRIMINAL cases, however no one comes anywhere near close for CIVIL cases.
The AG is actually secretly happy because she knew how complicated the seizure of assets would be, and she doesn’t want to find qualified boyfriends with skills to collect assets.
Now she can blame the court for her inaction.
They all work together...
He’s the chimp who went after Trump University and got a book deal out of it on how to “get” President Trump. Apparently, it is his life’s calling.
Anything but. Trump pays 4D chess while these clowns play twiddly winks. Trump has already made a deal which can net him 3B - $5b.
I’ll say it again, he should not have to put up a single dollar until appeals process is completed.
NOT HER-—COURT
8th Amendment???
It is not a fine. It is a bond to guaranty payment of the judgment against him during the appeal process. If he loses his appeal. If he wins the appeal he gets the money back.
Eighth Amendment Cruel and Unusual Punishment
Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted.
La-tee-sha must be getting restrained and whacked up with Ativan at this point
bttt
as a comparison, Bernie Madoff’s bond was $10M
They think they have Trump in a catch 22>>>>>>>>>>>>>>>
Except they forgot to read that pesky little document, The Constitution, because they do not like it.
The entire set of lawfare cases against Trunmp is equivalent to a prohibited Bill of Attainder.
Where do these judges get ANY of these figures at all?
On what are they based ? It looks like they’re making things up as they go along.
The right figure should be ZERO.
In fact, if there’s any justice, New York should be PAYING Trump for the bogus case being filed against him and for all his legal expenses including waste of time,.
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