He HAS to… to keep the appeal and keep the NY Attorney General from seizing his stuff….
Former President Trump asked a New York appeals court to put on hold the enforcement of the multimillion dollar penalties he faces in his civil fraud case, suggesting he’d post a $100 million bond while the process plays out.
Judge Arthur Engoron ordered Trump to pay nearly $355 million, plus interest, in penalties after finding he conspired to alter his net worth to receive tax and insurance benefits. The total judgement against Trump, which climbs nearly $112,000 in interest each day he doesn’t pay it, now amounts to more than $454 million….
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Trump’s lawyers acknowledge that the required appeal fine will squeeze his finances ….
NY Times points to the fact that the ‘offer’ to front partb of the law requires IS a effort for Trump to worm out of going into his assets to produce the judgement fine….
Donald J. Trump offered a New York appeals court on Wednesday a bond of only $100 million to pause the more than $450 millionjudgment he faces in his civil fraud case, saying that he might need to sell some of his properties unless he gets relief.
It was a stunning acknowledgment that Mr. Trump, who is racing the clock to either secure a bond from a company or produce the full amount himself, lacks the resources to do so. Without a bond, the New York attorney general’s office, which brought the fraud case, could seek to collect from Mr. Trump at any moment.
Mr. Trump’s lawyers also asked the court to delay a wide range of other punishments the judge in the fraud case levied in his decision earlier this month. They include a prohibition on obtaining a loan from a New York bank for three years and a ban on running a company in the state during that same period.
One appellate court judge was hearing the request from Mr. Trump on Wednesday afternoon and was expected to issue a decision shortly after. If the judge were to grant the pause, it would be only temporary; Mr. Trump would still have to persuade a larger panel of appellate judges to keep the judgment on hold.
In seeking relief, Mr. Trump’s lawyers disclosed that they would be unable to secure a bond for the full amount, raising the prospect that he might soon default on the judgment if the appeals court denies his request. Without a stay, Mr. Trump’s lawyers warned, he likely would have to sell some of his New York properties “under exigent circumstances,” in what would be a punishing blow to the former president….
Note…
The judge may NOT allow a amount this LOW…..
Update…
An envelope containing white powder was found Wednesday morning at the New York State Supreme Courthouse in Lower Manhattan, officials said. The court building, at 60 Centre Street, contains offices belonging to Justice Arthur F. Engoron, the judge who oversaw former President Donald J. Trump’s civil fraud trial.
Police officers responded to a 911 call at 9:29 a.m. regarding the suspicious powder. A court officer had opened an envelope and white powder fell onto his pants, the police said. The officer declined medical attention, according to the New York Fire Department, as did another court officer who was exposed to the powder.
No injuries were reported, and the building was not evacuated. The police said that the Fire Department had responded to the discovery of the powder and that the investigation remained ongoing….
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