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Ladybbird · 01-03-24, 06:54

Appellate Judge Refuses to Halt TRUMPS' $454 MIL Fraud Penalty While He Appeals

A New York appellate judge has refused to halt collection of Donald Trump’s $454 million civil fraud penalty

TRUMP finally forced to make confession he's been DREADING. He can't afford to pay the $455 million judgment.

MSN 1 MAR 2024

TRUMP Will Post $100 Million In Fraud Case—But Asks Appeals Court To Pause $454 Million Judgement

A New York appellate judge Wednesday refused to halt collection of Donald Trump’s $454 million civil fraud penalty while he appeals, leaving the former president less than a month to pay the staggering sum or secure a bond covering the full amount he owes.

Judge Anil Singh of the state’s mid-level appeals court rejected Trump's offer of a $100 million bond, though he did give Trump leeway that could help him secure the necessary bond before New York Attorney General Letitia James seeks to enforce the judgment starting March 25.

Singh granted a stay pausing part of Judge Arthur Engoron’s Feb. 16 verdict that barred Trump, his company and co-defendants from borrowing money from New York financial institutions. The Republican presidential front-runner’s lawyers had told the appellate court earlier Wednesday that the lending ban had made it impossible for him to secure a bond for the full amount.

Trump’s lawyers warned he may need to sell some properties to cover the penalty and would have no way of getting them back if he is successful in his appeal. State lawyers said those disclosures suggested Trump — who has more than a half-billion dollars in pending court debt — was having trouble coming up with enough cash to foot the bill. The penalty is increasing by nearly $112,000 each day because of interest and will eclipse $455 million on Saturday.

Trump’s lawyers proposed their smaller bond amount in court papers asking the appellate court for an order preventing James’ office from enforcing the judgment while his appeal plays out. Singh, sitting in the Appellate Division of the state’s trial court, ruled after an emergency hearing Wednesday.

Singh's decision is temporary. A five-judge appellate panel will consider Trump’s request on an expedited basis, with a ruling expected in a few weeks. State lawyers must submit paperwork by March 11. Trump's lawyers have until March 18 to respond.

01-03-24, 06:54	#89
Ladybbird Join Date: Feb 2011 Posts: 47,703 Thanks: 27,653 Thanked 14,458 Times in 10,262 Posts Awards Showcase Total Awards: 8	re: FED Judge Installed to Monitor & Check TRUMPs' Finances in Civil FRAUD Case Appellate Judge Refuses to Halt TRUMPS' $454 MIL Fraud Penalty While He Appeals A New York appellate judge has refused to halt collection of Donald Trump’s $454 million civil fraud penalty TRUMP finally forced to make confession he's been DREADING. He can't afford to pay the $455 million judgment. MSN 1 MAR 2024 TRUMP Will Post $100 Million In Fraud Case—But Asks Appeals Court To Pause $454 Million Judgement A New York appellate judge Wednesday refused to halt collection of Donald Trump’s $454 million civil fraud penalty while he appeals, leaving the former president less than a month to pay the staggering sum or secure a bond covering the full amount he owes. Judge Anil Singh of the state’s mid-level appeals court rejected Trump's offer of a $100 million bond, though he did give Trump leeway that could help him secure the necessary bond before New York Attorney General Letitia James seeks to enforce the judgment starting March 25. Singh granted a stay pausing part of Judge Arthur Engoron’s Feb. 16 verdict that barred Trump, his company and co-defendants from borrowing money from New York financial institutions. The Republican presidential front-runner’s lawyers had told the appellate court earlier Wednesday that the lending ban had made it impossible for him to secure a bond for the full amount. Trump’s lawyers warned he may need to sell some properties to cover the penalty and would have no way of getting them back if he is successful in his appeal. State lawyers said those disclosures suggested Trump — who has more than a half-billion dollars in pending court debt — was having trouble coming up with enough cash to foot the bill. The penalty is increasing by nearly $112,000 each day because of interest and will eclipse $455 million on Saturday. Trump’s lawyers proposed their smaller bond amount in court papers asking the appellate court for an order preventing James’ office from enforcing the judgment while his appeal plays out. Singh, sitting in the Appellate Division of the state’s trial court, ruled after an emergency hearing Wednesday. Singh's decision is temporary. A five-judge appellate panel will consider Trump’s request on an expedited basis, with a ruling expected in a few weeks. State lawyers must submit paperwork by March 11. Trump's lawyers have until March 18 to respond.