Clock is ticking for Trump to post bonds worth half a billion dollars

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BidenPresident

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According to state Supreme Court Justice Arthur Engoron’s final judgment, entered Friday, Trump now owes New York at least $454 million — the $355 million penalty plus interest, which is now accruing at a rate of $112,000 per day. Separately, he faces an $83.3 million judgment in a federal defamation case brought by the writer E. Jean Carroll.

Though he has vowed to appeal both cases, he must immediately grapple with the enormous sums that are at stake: To keep both judgments from being enforced while he appeals, he must put up the entire amount in either cash or bonds, according to legal experts.

https://www.washingtonpost.com/investigations/2024/02/26/trump-money-bonds-engoron-carroll/
 
Neil Pedersen, who runs a New York bond-issuing (or “surety”) agency, said beyond the extraordinary size of the bond Trump needs, the risk of having to collect from a former and possibly future president would probably weigh heavily on bond issuers’ decision on whether to accommodate him.

As a result, bond issuers might require Trump to put up the full amount, or nearly that, in cash, to avoid having to potentially press the occupant of the White House for assets. He would also have to pay a fee to the bond issuer, beyond the judgment penalty and interest, according to Pedersen.
 
Hawkeye10 said:
"It's later than you think"
Hawkeye the Wise
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Yeah, you sure know how to pick 'em:

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BidenPresident said:
According to state Supreme Court Justice Arthur Engoron’s final judgment, entered Friday, Trump now owes New York at least $454 million — the $355 million penalty plus interest, which is now accruing at a rate of $112,000 per day. Separately, he faces an $83.3 million judgment in a federal defamation case brought by the writer E. Jean Carroll.

Though he has vowed to appeal both cases, he must immediately grapple with the enormous sums that are at stake: To keep both judgments from being enforced while he appeals, he must put up the entire amount in either cash or bonds, according to legal experts.

https://www.washingtonpost.com/investigations/2024/02/26/trump-money-bonds-engoron-carroll/
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Which is a greater injustice? Trump having to put up the entire amount to appeal this ruling, or this amount keeping him from appealing this ruling?
 
T. A. Gardner said:
Which is a greater injustice? Trump having to put up the entire amount to appeal this ruling, or this amount keeping him from appealing this ruling?
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I was doing some reading, It is untrue that Trump must post the entire amount in order to appeal the ruling. The rule is that in order to stay execution of the judgment, he must post the entire amount, or a bond.

Trump can appeal without posting the bond, but he cannot avoid an attempt to execute the judgment without posting the bond.

The Circuit Court will hear the appeal either way.



Its akin to death row inmates having to stay in prison, even though they are appealing their conviction.
 
Jarod said:
I was doing some reading, It is untrue that Trump must post the entire amount in order to appeal the ruling. The rule is that in order to stay execution of the judgment, he must post the entire amount, or a bond.
Trump can appeal without posting the bond, but he cannot avoid an attempt to execute the judgment without posting the bond.
The Circuit Court will hear the appeal either way.
Its akin to death row inmates having to stay in prison, even though they are appealing their conviction.
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And, that circles back to my original question. Put another way...

If Trump is forced to either pay the judgement, or will be faced with execution of the judgement to appeal said judgement, is that a greater injustice than simply letting him appeal given the size of the judgement?

That is, if the judgement itself becomes an onerous penalty and the state won't or can't wait to impose it regardless of the fact there is nothing to lose from waiting, then doesn't that judgement itself become an injustice? What's wrong with the state simply waiting to impose this unprecedented and massive penalty against Trump until after the appeal is heard?
 
Trump will have to put the money up no matter what. If he wants a new trial, he will have to post the bond first. It is a legal obligation. Trump said he is worth 10 billion, so half a bill is no problem.
 
BidenPresident said:
According to state Supreme Court Justice Arthur Engoron’s final judgment, entered Friday, Trump now owes New York at least $454 million — the $355 million penalty plus interest, which is now accruing at a rate of $112,000 per day. Separately, he faces an $83.3 million judgment in a federal defamation case brought by the writer E. Jean Carroll.

Though he has vowed to appeal both cases, he must immediately grapple with the enormous sums that are at stake: To keep both judgments from being enforced while he appeals, he must put up the entire amount in either cash or bonds, according to legal experts.

https://www.washingtonpost.com/investigations/2024/02/26/trump-money-bonds-engoron-carroll/
Click to expand...

And anyone who thinks this is just is a moron.
 
BidenPresident said:
According to state Supreme Court Justice Arthur Engoron’s final judgment, entered Friday, Trump now owes New York at least $454 million — the $355 million penalty plus interest, which is now accruing at a rate of $112,000 per day. Separately, he faces an $83.3 million judgment in a federal defamation case brought by the writer E. Jean Carroll.

Though he has vowed to appeal both cases, he must immediately grapple with the enormous sums that are at stake: To keep both judgments from being enforced while he appeals, he must put up the entire amount in either cash or bonds, according to legal experts.

https://www.washingtonpost.com/investigations/2024/02/26/trump-money-bonds-engoron-carroll/
Click to expand...

All of this unconstitutional malarky will be overturned. I hope that Trump gets to sue the state for all his costs for this gross partisan debauchery.
 
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