Free Republic

Former President Donald Trump has not shown that he has enough cash to cover the full amount of a $464 million civil fraud judgment if he loses his appeal, New York’s chief law officer warned in a court filing Monday evening.New York Attorney General Letitia James raised that concern as she argued that Trump and his co-defendants should be required to post cash or bonds covering the entire fraud judgment, if they want to pause it from coming due while they challenge the ruling.

A New York judge presiding over former President Donald Trump’s civil fraud case has denied his legal team’s request to avoid paying a $355 million penalty in the case. Trump lawyers had asked Judge Arthur Engoron to delay enforcement of the payment by 30 days to allow time for an "orderly post-judgement process." James said Monday she was prepared to seize former President Donald Trump's assets if he is unable to pay the massive judgment handed down in his civil fraud case. Trump's promised appeal is likely to halt collection of his penalty while the process plays out.

A lawyer representing former President Donald Trump said that his team will challenge a New York judge’s decision last week, targeting the judge’s definition of what fraud is. Last Friday, Judge Arthur Engoron ruled that the former president is liable for a $355 million fine and cannot operate his Trump Organization in New York state for three years. “The case raises serious legal and constitutional questions regarding ‘fraud’ claims/findings without any actual fraud,” Chris Kise, the former lawyer in the case, told Newsweek on Monday. Regarding the appeal of the cause, the lawyer said that it “will depend on many...