XPost: nyc.politics, alt.fan.rush-limbaugh, talk.politics.guns
XPost: sac.politics, talk.politics.misc
https://www.cnn.com/2024/03/25/politics/trump-civil-fraud-trial- bond/index.html
A New York appeals court has given Donald Trump 10 more days to post his
bond as he appeals the civil fraud judgment against him and cut the amount necessary to $175 million
It’s a major lifeline for the former president, who, along with his adult
sons and his company, were fined more than $464 million, including
interest, after Judge Arthur Engoron found Trump and his co-defendants fraudulently inflated the value of his assets.
The ruling staves off the prospect, for now, of New York Attorney General Letitia James seeking to seize the former president’s property to enforce
the judgment against him. Trump had been struggling to come up with the
means to post a bond of more than $500 million, the total that he would
have needed before Monday’s appellate decision.
Trump said on Truth Social on Monday that he would “abide by the decision
and post either a bond, equivalent securities, or cash” to meet the terms
of the judgment. His attorneys said last week he was struggling to come up
with bond to cover the full amount, noting that banks would not approve
bond of more than $100 million.
The ruling stated that the $175 million bond will be in place until at
least September, meaning James won’t be able to seek to enforce the
judgment against Trump until then.
The order stayed the enforcement of several penalties Engoron had handed
down in addition to the fine, including that Trump and his sons can still
run a business in New York and obtain loans from New York financial institutions for now.
The order blocked those penalties in the judgment but also stated that the court-ordered monitor and the appointment of a compliance director will
remain in place.
This story has been updated with additional information.
--
We live in a time where intelligent people are being silenced so that
stupid people won't be offended.
Durham Report: The FBI has an integrity problem. It has none.
No collusion - Special Counsel Robert Swan Mueller III, March 2019.
Officially made Nancy Pelosi a two-time impeachment loser.
Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden
fiasco, President Trump.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.
President Trump boosted the economy, reduced illegal invasions, appointed dozens of judges and three SCOTUS justices.
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