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BREAKING: Trump Unable to Secure Bond for $454 Million Judgment in NYC Fraud Case as Marxist Tyrant Letitia James Threatens to Seize Assets
thegatewaypundit.com ^ | 3/18/2024 | Cristina Laila

Posted on 03/18/2024 10:53:59 AM PDT by bitt

President Trump’s lawyers on Monday in a court filing said Trump has been unable to secure a bond in order to appeal Letitia James’ $454 million judgment.

Letitia James last month threatened to seize Trump’s assets.

Last month President Trump offered to post a $100 million bond and asked for a stay of the $464 million judgment in Letitia James Soviet-style NYC fraud trial.

“The exorbitant and punitive amount of the Judgment coupled with an unlawful and unconstitutional blanket prohibition on lending transactions would make it impossible to secure and post a complete bond,” Trump’s defense lawyers wrote in the filing. “Appellants nonetheless plan to secure and post a bond in the amount of $100 million.”

Trump has been unable to secure a bond for the judgment’s full amount his lawyers said on Monday.

Trump’s “ongoing diligent efforts have proven that a bond in the judgment’s full amount is ‘a practical impossibility,'” Trump’s lawyers said, accordin to NBC News. “These diligent efforts have included approaching about 30 surety companies through 4 separate brokers.”

Reuters reported:

Donald Trump has so far been unable to obtain a bond that would allow him to appeal a $454 million judgment against him 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, his lawyers urged a mid-level state appeals court to delay enforcement of the judgment, arguing the amount was excessive.

(Excerpt) Read more at thegatewaypundit.com ...


TOPICS: Breaking News; Crime/Corruption; Extended News; Government; Politics/Elections
KEYWORDS: bond; newyork; nycfraudcase; trump
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To: frank ballenger

Amen. Thank you for that post, it reminds me of GOD’s Goodness and strengthens my faith.


41 posted on 03/18/2024 11:18:13 AM PDT by Nervous Tick ("First the Saturday people, then the Sunday people...": ISLAM is the problem!)
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To: bitt
Real easy. Trump needs to plead to his 100mm+ supporters and either ask:

1) 10,000,000 people to "gift*" $46.40 or
2) 1,000,000 people to "gift*" $464.00 or
3) a combination thereof.

They must be gifts under the current IRS exclusionary gift tax in order to avoid taxes.

42 posted on 03/18/2024 11:18:33 AM PDT by DCBryan1 (Inter arma enim silent leges! - Cicero )
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To: GreyFriar

DA? This is a NY state case, not city or county.


43 posted on 03/18/2024 11:20:27 AM PDT by ding_dong_daddy_from_dumas (Re-imagine the media!)
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To: Fai Mao
I want to see NYC officials in prison.

Softie. I think we should be decorating lamp posts.

44 posted on 03/18/2024 11:20:49 AM PDT by DCBryan1 (Inter arma enim silent leges! - Cicero )
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To: bitt

They’re planning on Stealing everything and selling it , Oh how munch does Letitia James plan to keep for herself


45 posted on 03/18/2024 11:21:43 AM PDT by butlerweave
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To: Nervous Tick

very little—lots of stock


46 posted on 03/18/2024 11:22:12 AM PDT by vivenne (⁹)
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To: Fair Paul

I heard to date—at least 100 million. Not sure if that’s right so don’t quote me.


47 posted on 03/18/2024 11:23:07 AM PDT by vivenne (⁹)
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To: Bshaw

Yep the 8th amendment is being utterly violated here...

Seems to me Trump Lawyers should have already filed actions with the fed on that matter.


48 posted on 03/18/2024 11:23:09 AM PDT by HamiltonJay ( )
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To: butlerweave

At least as much as Fani took from the Fulton Cty tax payers and put in her cash trunk.


49 posted on 03/18/2024 11:24:05 AM PDT by vivenne (⁹)
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To: butlerweave

Only those who have murdered people.


50 posted on 03/18/2024 11:24:47 AM PDT by vivenne (⁹)
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To: Nervous Tick

At least I seem to have done one good thing today.

Best.


51 posted on 03/18/2024 11:25:08 AM PDT by frank ballenger (There's a battle outside and it's raging. It'll soon shake your windows and rattle your walls.)
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To: bitt

When if they grab it watch the Looting start big time


52 posted on 03/18/2024 11:25:27 AM PDT by butlerweave
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To: Bayard

You have to post the bond to prevent them from seizing your property while you appeal. I suspect the appeals court at some level will either accept the $100 million or stay enforcement during appeal because of the amount. The State could do a lot of damage to Trumps properties selling them for below market etc…. Trump then has no way of getting the seized property back if he wins on appeal. I suspect a higher court will decide the amount was excessive and knock down or vacate the damages. But the damage to Trumps portfolio will have already been done if they seize his assists. The only way to prevent that is stay the States ability to seize and sell off the properties. But I am not a lawyer. Also I think the articles title may be a bit sensationalized . The lawyer claimed in their filing that Trump could not raise such an unreasonable bond, we do not know what is going on behind the scenes.


53 posted on 03/18/2024 11:26:31 AM PDT by OldGoatCPO (No Caitiff Choir of Angels will sing for me. )
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To: Varsity Flight

Correct.


54 posted on 03/18/2024 11:27:30 AM PDT by vivenne (⁹)
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To: bitt

The Democrats have studied Stalinist tactics very well indeed. They are now full-bore totalitarians. And dumbed-down leftist voters don’t realize that revolutions devour their own.


55 posted on 03/18/2024 11:28:29 AM PDT by Bernard Marx
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To: bitt
***Trump Unable to Secure Bond for $454 Million Judgment in NYC Fraud Case as Marxist Tyrant Letitia James Threatens to Seize Assets***

I have suspected from the get go that Trump's attys have badly mishandled this case. We will see...

56 posted on 03/18/2024 11:28:39 AM PDT by Bob Ireland (The Democrap Party is the enemy of freedom.They use all the seductions and deceits of the Bolshevics)
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To: ding_dong_daddy_from_dumas; bitt

My mistake, she is ‘state attorney general’ not a district attorney. Of course I could say she is also a DA aka dumb ass.


57 posted on 03/18/2024 11:29:05 AM PDT by GreyFriar (Spearhead - 3rd Armored Division 75-78 & 83-87)
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To: bitt

so, did his merger go thru ? estimates were he was to realize 4 billion because of it...

https://www.nytimes.com/2024/03/09/business/trump-media-digital-world-merger.html


58 posted on 03/18/2024 11:29:18 AM PDT by stylin19a (Ever wonder -If you are cross-eyed and have dyslexia, can you read all right?)
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To: butlerweave

Don’t they release everyone without Bond over and over and over again ?


No no no. That’s only for actual criminals.


59 posted on 03/18/2024 11:33:27 AM PDT by keats5
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To: GreyFriar

The Judge is supposed to set bail but Engoron and Litigious James are on the same side.


60 posted on 03/18/2024 11:33:55 AM PDT by ding_dong_daddy_from_dumas (Re-imagine the media!)
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