Appeals Court Bails Trump Out of Having to Post Massive Fraud Bond
Appeals Court Bails Trump Out of Having to Post Massive Fraud Bond
A New York appeals court has blocked the collection of Donald Trump's fraud judgment, ruling that he has 10 days to post a $175 million bond.
Donald Trump was supposed to have to post a $464 million bond by Monday or else the state of New York could begin collecting on the massive civil fraud judgment leveled against him earlier this year. An appeals court bailed him out, blocking collection of the judgment and giving the former president 10 days to post a drastically reduced $175 million bond.
The order is a huge win for Trump, whose assets were going to be subject to seizure if he couldn’t post nearly half-a-billion dollars by Monday. His lawyers said last week he wasn’t going to be able to come up with the money after 30 underwriters rejected him. The New York Times has reported that Trump is expected to be able to scrounge the new, reduced $175 million bond
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How funny would it be if he can't raise the $175 million either.
He's already recently stated he has the full half billion in cash on hand, just refuses to pay in cash, and bonds companies won't touch him.
They didn't give him a break because he can't pay, they gave him a break because he refuses to.
He's also a well known liar. There's no reason to believe he has the full amount in cash
In a situation like this, he should be held to his word.
He's the one that's said he has the funds available; so why should he get a break?
It'd be different if that figure was pulled from thin air; but it was based off of his own valuations.
I'm not saying he should get any kind of break. If he can't put up the money they should start seizing property. I'm just not convinced he has $400M lying around.
They gave him a break because he put half the supreme court in there, which is all downwards pressure.
Are there Supreme Court Justices in the New York court of appeals? (I haven't taken the time to look) can they even serve both?
This particular one isn't a federal case.
He's already recently stated he has the full half billion in cash on hand
He says lots of things.
Almost all of them are lies, and/or contradict other things he has said.