25-03-24, 17:54
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#95
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re: TRUMPs' $175MIL Fraud Bond FAILS & Billionaire Lender Says He Didn't Charge Enough
Civil FRAUD Case -New York Appeals Court Lowers TRUMPs' Bond to $175MIL..And Gives Him 10 Days to Secure It
‘Absolute GROSS Miscarriage of Justice’: TRUMP Bond Lowered by $289MIL With More Time
''If a normal person couldn't pay a 5k bond, they'd be in jail or they take your assests. This is disgusting''
The Guardian 25 MAR 2024
MORE and MORE Judges Are Getting ANGRY & It WONT Bode Well For TRUMP in The FINAL ROUND
Judge Juan Merchan raised his voice while questioning TRUMPs' attorneys in The Hush Money CASE...
As Trump attorney Todd Blanche blamed the New York District Attorney's office for not pressuring federal prosecutors to turn over additional documents related to Michael Cohen, Judge Merchan asked why Trump's attorneys didn't ask for additional documents from the Southern District of New York after receiving the first production last May.
A New York court handed Donald Trump a lifeline on Monday as time ran out for the former president to secure a bond covering the $454m loss for his recent fraud case.
A panel of appellate court judges gave Trump 10 days to secure a far smaller $175m bond just hours before New York’s attorney general could legally begin the long, slow process of seizing his assets.
The reduction in the bond amount does not reduce the total $454m fine Trump will ultimately be expected to pay if an appeals court upholds the judgment. Rather, a bond works as assurance that Trump will pay the fine’s full amount if his appeal is unsuccessful. It is unclear how long the appellate court will take to issue a ruling, though it could take at least a few months.
Last week Trump’s lawyers said it was a “practical impossibility” for him to secure a bond for half a billion dollars, covering the full fine from his fraud loss.
“A bond of this size is rarely if ever seen. In the unusual circumstance that a bond of this size is issued, it is provided to the largest public companies in the world, not to individuals or privately held businesses,” his lawyers argued.
People familiar with Trump’s finances told the New York Times the former president should be able to secure a bond to cover the smaller amount
Along with the fine, Trump also faces a ban from running any company based in New York and obtaining loans from any banks in the state for the next three years.
A court-appointed monitor, who has been overseeing the Trump Organization’s financial reporting over the last few years, will also continue oversight of the company for another three years as part of the judgment.
If the appellate court had upheld the full fine’s amount for the bond, the attorney general’s office would have likely begun the slow process of seizing Trump’s assets without a full bond.
On Friday James’ office filed judgments in Westchester county, north of New York City, home to Trump’s sprawling Seven Springs estate and golf course. Another judgment had already been entered in New York City, home to some of Trump’s most famous assets, including Trump Tower and 40 Wall Street.
NY Attorney General Letitia James
In a statement, the attorney general’s office emphasized that “the $464m judgment – plus interest – against Donald Trump and the other defendants still stands”.
“Donald Trump is still facing accountability for his staggering fraud,” the statement read. “The court has already found that he engaged in years of fraud to falsley inflate his net worth and unjustly enrich himself, his family and his organization.”
MORE;
TRUMP Has Been Getting 'Special Treatment' From Courts — And It Needs to Stop: Prosecutor
Tristan Snell, the former assistant attorney general for the state of New York who prosecuted the Trump University fraud case, told CNN on Monday that former President Donald Trump has been getting "special treatment" that is given to no other criminal defendants.
Snell made the case that the courts have gone far easier on Trump than they have on defendants who have also been found liable for decades' worth of business fraud.
"He is getting special treatment and that is the thing that really needs to stop here," Snell argued. "If he were not who he is, if he were not claiming to be this special person who is somehow above the law, then this process would have actually played out years ago and it would have resulted in his assets and property being seized."
These Miscarriages of Justice Have to STOP
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