Trump has failed to get appeal bond for $454 million civil fraud judgment, lawyers sa

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signalmankenneth

Verified User
NEW YORK (Reuters) -Donald Trump has so far been unable to obtain a bond that would allow him to appeal a $454 million judgment against the former U.S. president in a New York civil fraud case without posting the full amount himself, his lawyers said on Monday.

Trump must either find the cash or post a bond to prevent the state's authorities from seizing his properties while he appeals Justice Arthur Engoron's Feb. 16 decision ordering him and co-defendants to pay $464 million in penalties and interest for misstating property values to dupe lenders and insurers.

In a court filing on Monday, the Republican presidential candidate's lawyers urged a mid-level state appeals court to delay enforcement of the judgment, arguing the amount was excessive.

They said the defendants had so far approached 30 surety companies through four separate brokers to obtain a bond.

"Enforcing an impossible bond requirement as a condition of appeal would inflict manifest irreparable injury on Defendants," Trump's lawyers wrote.

https://www.yahoo.com/news/trump-failed-appeal-bond-454-145515245.html


Donald Trump $355M GoFundMe Stalls At $1.3M After A Month Amid Legal Battles

It has been one month since Donald Trump's MAGA supporters began donating to a GoFundMe to help the former president foot his hefty legal bills, particularly those stemming from his New York City fraud trial.

Immediately After Judge Arthur Engoron slammed the former president with a $355 million fine on February 16, MAGA fan Elena Cardone created the fundraiser with the goal of raising the amount that Trump needed.

Although the fundraiser started strong, it has since slowed down drastically, with fewer donations coming in while Trump's bill increases due to a weekly interest.

https://www.yahoo.com/entertainment/donald-trump-355m-gofundme-stalls-010840184.html
 
signalmankenneth said:
NEW YORK (Reuters) -Donald Trump has so far been unable to obtain a bond that would allow him to appeal a $454 million judgment against the former U.S. president in a New York civil fraud case without posting the full amount himself, his lawyers said on Monday.

Trump must either find the cash or post a bond to prevent the state's authorities from seizing his properties while he appeals Justice Arthur Engoron's Feb. 16 decision ordering him and co-defendants to pay $464 million in penalties and interest for misstating property values to dupe lenders and insurers.

In a court filing on Monday, the Republican presidential candidate's lawyers urged a mid-level state appeals court to delay enforcement of the judgment, arguing the amount was excessive.

They said the defendants had so far approached 30 surety companies through four separate brokers to obtain a bond.

"Enforcing an impossible bond requirement as a condition of appeal would inflict manifest irreparable injury on Defendants," Trump's lawyers wrote.

https://www.yahoo.com/news/trump-failed-appeal-bond-454-145515245.html


Donald Trump $355M GoFundMe Stalls At $1.3M After A Month Amid Legal Battles

It has been one month since Donald Trump's MAGA supporters began donating to a GoFundMe to help the former president foot his hefty legal bills, particularly those stemming from his New York City fraud trial.

Immediately After Judge Arthur Engoron slammed the former president with a $355 million fine on February 16, MAGA fan Elena Cardone created the fundraiser with the goal of raising the amount that Trump needed.

Although the fundraiser started strong, it has since slowed down drastically, with fewer donations coming in while Trump's bill increases due to a weekly interest.

https://www.yahoo.com/entertainment/donald-trump-355m-gofundme-stalls-010840184.html
Click to expand...
He claimed under oath to have $400 million in cash, did he perjure himself?
 
Phantasmal said:
He claimed under oath to have $400 million in cash, did he perjure himself?
Click to expand...

Trump: "I moved on her actually. You know she was down on Palm Beach. I moved on her, and I failed. I'll admit it. I did try and fuck her, she was married."
Trump: "Yeah that's her with the gold. I better use some Tic Tacs just in case I start kissing her. You know I'm automatically attracted to beautiful... I just start kissing them. It's like a magnet. Just kiss. I don't even wait. And when you're a star they let you do it. You can do anything. Grab them by the pussy. You can do anything."


Trump: “I’ll tell you the funniest is that I’ll go backstage before a show and everyone’s getting dressed. No men are anywhere, and I’m allowed to go in, because I’m the owner of the pageant and therefore I’m inspecting it. … ‘Is everyone OK?' You know, they’re standing there with no clothes. ‘Is everybody OK?’ And you see these incredible-looking women,
and so I sort of get away with things like that.”


Trump: "You like the F-35? ... you can't see it. You literally can't see it. It's hard to fight a plane you can't see."

Trump: “If you have a windmill anywhere near your house, congratulations, your house just went down 75 percent in value. And they say the noise causes cancer,”

Trump: "I see the disinfectant that knocks it out in a minute, one minute. And is there a way we can do something like that by injection inside or almost a cleaning? As you see, it gets in the lungs, it does a tremendous number on the lungs, so it would be interesting to check that."


Biden has NEVER said anything THAT STUPID
 
Well Well!

It's only costing him $17 every single second in interest money until he bonds up! :whoa:

Or Basically, $1,468,800 a day! Yes, stall this Trump! Stall it as long as your ass-kissers can afford it! :laugh:

Tick! Tick! Tick! Tick!

200w.gif
 
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Geeko Sportivo said:
Well Well!

It's only costing him $17 every single second in interest money until he bonds up! :whoa:

Or Basically, $1,468,800 a day! Yes, stall this Trump! Stall it as long as your ass-kissers can afford it! :laugh:

Tick! Tick! Tick! Tick!

200w.gif
Click to expand...

And if the RNC tries to bail him out, that's less money for the other Republiclowns.
Donald Poopy Pants will be the death of the Republiclown party.
 
Trump Spurned by 30 Companies as He Seeks Bond in $454 Million Judgment

Trump Spurned by 30 Companies as He Seeks Bond in $454 Million Judgment

Why doesn't Trump ask Putin or Victor for a loan?!! What about Elon Musk, net worth 192 billion dollars?!! I'm really disappointed in Trump's supporters for not coming up with with that bond money?!!:mad:

Donald J. Trump’s lawyers said in a court filing that he faces “insurmountable difficulties” as he tries to raise cash for the civil fraud penalty he faces in New York.

Donald J. Trump’s lawyers disclosed on Monday that he had failed to secure a roughly half-billion dollar bond in his civil fraud case in New York, raising the prospect that the state could seek to freeze some of his bank accounts and seize some of his marquee properties.

The court filing, coming one week before the bond is due, suggested that the former president might soon face a financial crisis unless an appeals court comes to his rescue. Mr. Trump has asked the appeals court to pause the $454 million judgment that a New York judge imposed on Mr. Trump in the fraud case last month, or accept a bond of only $100 million. Otherwise, the New York attorney general’s office, which brought the case, might soon move to collect from Mr. Trump.

The former president has been unable to secure the full bond, his lawyers said in the court filing on Monday, calling it a “practical impossibility” despite “diligent efforts.” Those efforts included approaching about 30 companies that provide appeal bonds, and yet, the lawyers said, he has encountered “insurmountable difficulties.”

The companies would essentially promise to cover Mr. Trump’s judgment if he lost an appeal and failed to pay. In exchange, he would pledge collateral and pay the company a fee as high as 3 percent of the bond.

They appear to be balking over a significant problem: Mr. Trump does not have enough liquidity to obtain the bond. To offer a bond of this size, the companies would require Mr. Trump to pledge more than $550 million in cash, stocks and bonds as collateral — a sum he simply does not have.

https://www.nytimes.com/2024/03/18/nyregion/trump-bond-civil-fraud-case.html
 
signalmankenneth said:
[FONT=&]NEW YORK (Reuters) -Donald Trump has so far been unable to obtain a bond that would allow him to appeal a $454 million judgment against the former U.S. president in a New York civil fraud case without posting the full amount himself, his lawyers said on Monday.
[/FONT]
[FONT=&]Trump must either find the cash or post a bond to prevent the state's authorities from seizing his properties while he appeals Justice Arthur Engoron's Feb. 16 decision ordering him and co-defendants to pay $464 million in penalties and interest for misstating property values to dupe lenders and insurers.
[/FONT]
[FONT=&]In a court filing on Monday, the Republican presidential candidate's lawyers urged a mid-level state appeals court to delay enforcement of the judgment, arguing the amount was excessive.
[/FONT]
[FONT=&]They said the defendants had so far approached 30 surety companies through four separate brokers to obtain a bond.

"Enforcing an impossible bond requirement as a condition of appeal would inflict manifest irreparable injury on Defendants," Trump's lawyers wrote.

https://www.yahoo.com/news/trump-failed-appeal-bond-454-145515245.html
[/FONT]

Donald Trump $355M GoFundMe Stalls At $1.3M After A Month Amid Legal Battles

[FONT=&]It has been one month since Donald Trump's MAGA supporters began donating to a GoFundMe to help the former president foot his hefty legal bills, particularly those stemming from his New York City fraud trial.
[/FONT]
[FONT=&]Immediately After Judge Arthur Engoron slammed the former president with a $355 million fine on February 16, MAGA fan Elena Cardone created the fundraiser with the goal of raising the amount that Trump needed.
[/FONT]
[FONT=&]Although the fundraiser started strong, it has since slowed down drastically, with fewer donations coming in while Trump's bill increases due to a weekly interest.[/FONT]

https://www.yahoo.com/entertainment/donald-trump-355m-gofundme-stalls-010840184.html
Click to expand...

The walls of Trump Tower are collapsing. Ain't it great?
 
Text Drivers are Killers said:
The SC needs to declare this NY law unconstitutional as it takes away the right to appeal.
Click to expand...

It, in no way takes away a righ\t of appeal, so you need to be less stupid.

Rudy is appealing his loss without putting up the $100M+ bond.

The only thing the Bond does, is stop the WINNER of the first trial from collecting the money, as it is put in escrow with the courts.


That is done because throughout history the LOSER of the first case, who was appealing, would have high motivation to blow all the money before the second case happened. If they knew paying the loss in the first case would take every penny they had, including all assets, but the appeal would take a year or more, then they would just liquidate and hide, blow or give all their money away before the appeal trial as 'broke is broke', 'but at least they could stick it to the winner'.

So the FAIR system is that either the LOSER (Trump) gives all the money that belongs to the WINNER to them, until the Appeal or he puts it in escrow.
 
Phantasmal said:
He claimed under oath to have $400 million in cash, did he perjure himself?
Click to expand...

Probably more than once. I loved this quote: "They said the defendants had so far approached 30 surety companies through four separate brokers to obtain a bond." LOL

Is this the beginning of the end of TrumpCo?
 
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