Posted on 03/25/2024 9:30:36 AM PDT by Red Badger
An appellate court ruled that President Trump can post a $175 million bond to cover Letitia James’ $464 million judgment.
Trump has 10 days to post the bond.
Marxist New York Attorney General Letitia James last Thursday took the initial step to seize Trump’s assets. She filed judgments in Westchester County where Trump’s private estate and golf course named Seven Springs is located.
President Trump had until Monday to either pay the judgment or convince the appellate court to allow him to defer the payment pending appeal.
Trump’s legal team filed an appeal and requested a stay on the massive $464 million judgment.
On Thursday Trump’s attorneys sent a letter to the Appellate Division of New York’s Supreme Court and asserted Letitia James’ actions are “unconstitutional.”
The appellate court intervened on Monday and ruled Trump can post $175 million bond.
“It is ordered that the motion is granted to the extent of staying enforcement of those portions of the Judgment (1) ordering disgorgement to the Attorney General of $464,576,230.62, conditioned on defendants-appellants posting, within ten (10) days of the date of this order, an undertaking in the amount of $175 million dollars,” the two-page order from the appellate said, according to ABC News.
ABC News reported:
A New York appellate court has ruled that former President Donald Trump can post a lower bond to cover his $464 million civil fraud judgment.
The Appellate Division, First Department said Trump can post a bond “in the amount of $175 million” to cover the judgment.
Trump’s attorneys had argued obtaining a bond for the full amount of $464 million was a “practical impossibility.”
The panel of five judges also opted to delay enforcement of the $464 million judgment by ten days.
President Trump responded to the appellate court’s ruling.
“Judge Engoron has refused to obey the decision of the Appellate Division relative to the Statute of Limitations. This is a confrontation between a Judge and those that rule above him – A very bad situation in which to place New York State and the Rule of Law! Engoron has disrespected the Appellate Division and its very clear and precise ruling. He should be made to do so, and at the same time, release the GAG ORDER. This is the 5th time in this case that he has been overturned, a record. His credibility, and that of Letitia James, has been shattered. We will abide by the decision of the Appellate Division, and post either a bond, equivalent securities, or cash. This also shows how ridiculous and outrageous Engoron’s original decision was at $450 Million. I DID NOTHING WRONG, AND NEW YORK SHOULD NEVER BE PUT IN A POSITION LIKE THIS AGAIN. BUSINESSES ARE FLEEING, VIOLENT CRIME IS FLOURISHING, AND IT IS VERY IMPORTANT THAT THIS BE RESOLVED IN ITS TOTALITY AS SOON AS POSSIBLE. THANK YOU!” Trump said in a Truth Social post.
In a follow up post, Trump demanded Letitia James and Judge Engoron explain why he ruled that Mar-a-Lago was only worth $18 million.
“Judge Engoron and Letitia James should be forced to explain why he ruled that Mar-a-Lago was worth $18,000,000 when, in fact, it is worth from 50 to 100 times that amount. How did the Attorney General of the State of New York force this Corrupt Judge to do that in order to help her narrative – AND WHY?” Trump said.
Trump reacted to the New York Appeals Court ruling after he stepped out of the courthouse in Manhattan.
“New York state is being battered by his decision, so I greatly respect the decision of the appellate division,” Trump said.
WATCH:
VIDEO AT LINK......................
Real slap down on judge in the case. Bigtime.
Bet they worked throughout the whole weekend to get those chestnuts out of the fire.
Is Trump appealing the $175 million amount ? LOL
Now the appeals court can reduce the judgement to $175 mil, because Trump has already come up with the dough.
liberal tears are always best in the morning!
LMAO
$17.5 million is not $175 million.
“I’ll bet that there was a lot of yelling and swearing in Letitia James’ office this morning.”
I bet Miss Letitia was happy; a higher court got her off the hook.
She was just about to get Trump reelected all by herself.
“Does he post 10% of that?”
No, if he went the bond route he’d probably have to post at least 150% of it.
He’s better off now just to write a check.
“Having to post any sort of bond before you can appeal is dangerously close to having to buy justice.................”
So you don’t HAVE to post the bond to appeal, it’s just they can take your assets in the interim while the appeal is pending if you don’t.
Surety Bond limits on the Insurance and Surety firms issuing them are real. They don’t come about due to the worth or “net-quick” of the entity whose performance is being guaranteed but come from Treasury limits for the health of the surety firms themselves.
For example there is no such thing as a single billion dollar bond. Doesn’t exist and can’t be written.
Correct.
I bet Miss Letitia was happy; a higher court got her off the hook.
Na , has anyone seen her today and has she turned white
NOWHERE TO HIDE IF AMERICA IS LOST!
(5 MINUTES)
https://youtu.be/dqw7kXG0kx.
NONE OF MY VIDEOS ARE MONETIZED!
We have something far more important to do than make $$.
We have a way of life to TRY TO SAVE!
WE’RE GETTING TO CRUNCH TIME. SHARE if you CARE!
Should not be required to put up a single dollar until appeals process plays out.
The properties are all very high-end and their value comes from proper marketing and operation. No government body is capable of that. Leticia has no more idea of how to maintain their value than a female gorilla.
If the properties are seized and sold, Engoron's valuations will become a self-fulfilling prophecy.
DJT should pay this all in pennies. I wonder how many dump trucks it would take.
The libs have painted Trump as Bad Man Orange so many times that the real law and real courts are going to drive the Libs crazy. Maybe a few might even question the lies they have been told.
Great. Trump will have even longer than 10 days then. It took awhile to get this decision.
What video?
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