Appeals Court Blocks Trump’s $464 Million Bond if He Posts $175 Million in 10 Days
The five-judge panel also extended a stay on other parts of the judgment.
The Supreme Court of the State of New York Appellate Division agreed to block former President Donald Trump’s $464 million bond if he posts $175 within the next ten days for his New York civil fraud case.
Trump’s lawyers asked the court to lower the bond of pause payment, which was due today.
I think we can all agree that Judge Arthur Engoron went overboard with his ruling. He placed the bond on Trump but also banned him from running any New York company and from obtaining loans from New York banks.
Trump’s sons faced the same punishment.
The order also granted an extension of staying enforcement in other parts 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
(2) permanently barring defendants Weisselberg and McConney from serving in the financial control function of any New York corporation or similar business entity
(3) barring defendants Donald J. Trump, Weisselberg and McConney from serving as an officer or director of any New York corporation for three years;
(4) barring defendant Donald J. Trump and the corporate defendants from applying for loans from New York financial institutions for three years; and
(5) barring defendants Donald Trump, Jr. and Eric Trump from serving as an officer or director of any New York corporation in New York for two years.
“The aforesaid stay is conditioned on defendants-appelants perfecting the appeals for the September 2024 Term of this Court,” the five-judge panel wrote.
The panel denied two parts of the motion:
(1) extending and enhancing the role of the Monitor and
(2) directing the installation of an Independent Director of Compliance.
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Comments
Some slight inkling of sanity
More like less insane, they should have tossed the lawsuit out. I am still running 2 small business, I buy a lot of products from all over America. The middle of last year I started screening suppliers, rejecting those from liberal states.
Why should they have tossed the judgement? You need an actual reason to do that
very slight,….no injured party is worth $ 175,000,000?
Wonder what pair of lips whispered into Letitia’s ear?
Susan Rice?
Indeed, Letitia might, with an assist from DA Willis, increase Trump’s turnout enough to get him elected. If so, Trump should give them a shout out in his acceptance speech.
I think there will be some screaming at the sky today.
Yeah, Leftists love to do that:
https://www.pcgamer.com/gaming-industry/events-conferences/game-developers-come-together-at-gdc-for-a-gdscream-to-vent-rage-at-the-state-of-the-industry-it-feels-hard-to-be-here-and-pretend-like-everything-is-fine/
Yes, a bunch of adults screamed because their industry is in a rut is their own making.
I think the business community might have spoken to someone in NYs governor admin and warned them of the danger to NYC business in the future.
You may be right, but IMO, the “need” to get rid of Trump surpasses any sense of self preservation in the mind of many Libs
Pretty sure it’s choreographed, put him on the hook and let the leftist bloodbath run amok for a week. Now they’ve “reduced” the fine to 175 million, but the press had a weeks worth of writing about how bad he’s screwed.
Not a lawyer, but if he’d filed a appeal and lost, then filed a last appeal to the ny subprime supreme court and lost would he have been able to get this kicked up to federal court?
Would the federal court kick ny ass over the 8th and the excessive fine?
Trump should look into how Leticia is worth 15 million when he gets back in his rightful place in the WH.
On what grounds? What is suspicious about it? Do you want a free-ranging investigation into how Trump is worth whatever he’s worth (as opposed to whether he committed specific alleged offenses)?! How about how you got to be worth whatever it is you’re worth? There’s no predicate for an investigation.
“Do you want a free-ranging investigation into how Trump is worth whatever he’s worth”
You may have missed that this is exactly what’s been going on.
Ask your masters, Democrat.
No, it is not. There has not been any such inquiry and there won’t be. You remain a dammed liar, a servant of the Prince of Lies. Go back to Hell.
Which would still be an egregious violation of both the Fifth and Eighth Amendments.
$175M for a ‘crime’ where there is no victim, not even a complaining witness, with a statute that hasn’t been used in this manner EVER, is still an insane number.
BarkE will be here shortly to tell us how Trump broke every law on the books and deserves to be hanged on Fifth Avenue.
Why would I do that lol, I base my opinions on demonstrable fact. Trump has broken laws sure but not all of them and certainly doesn’t deserve to be hung on fifth avenue that would be reducing myself to your level.
What kind of country do we live in that promotes, condones, and applies lawfare unequally and as if it is viewed as a sport or liberal entertainment?
Everything has become hyper tribalised over the last decade, and that is exactly what leftists have been aiming for. Get everyone silo’d off from each other to make it easier to pick off sections of society one at a time.
You are right, but the hyper tribalism is just as evident among Trump supporters, as evidenced on this blog. This is exactly what the more extreme members of the right and Trump supporters want. They want to divide America in order to make it easier to pick off sections of society one at a time. This will end up in dividing America so much that there is a risk of civil war. And this is exactly what Trump supporters want.
Were you born stupid, or do you have to work at it?
What you just mapped out could have been taken from any of the Democrat playbooks, and you KNOW IT.
Fat, drunk and stupid is no way to go through life, son.
JRs meds wear off more quickly due to his advanced age. Sundowning before 7 pm is not a good thing.
You can taste the projection from here cant ya! 🤣 I guess the reality is when you call a section of America, that you utterly detest with every fibre of your being, deplorables and extremists and whatever-phobes for pointing out the fact that men cannot be women, then they tend to not take too kindly to your politics of envy, hatred and division sweetie 🙄🤣
I suspect that Trump – once this is all over – will sever every possible tie he has in the New York business world.
I suspect that your suspicions will be confirmed.
As anyone with a brain would
Not just Trump I think, anyone with half a brain will get all of their money out of New York. They have proven they can’t be trusted to govern fairly.
By proving fraud on a businessman’s part, I thought Republicans were pro law and order? Apparently its only applicable to the other side in your eyes.
Fraud? 🤣 The only fraud here was carried out by the DA and the other democrat goons who thought it a good idea to burn down their city and drive business away with their politicisation of the justice system to go after one man, and one man only. Democrats deserve the shit holes they create in their shit hole cities 🤣🤣
It encourages capital flight out from NY.
“ I think we can all agree that Judge Arthur Engoron went overboard with his ruling.”
“Overboard”??
How about egregious and reprehensible and excessively punitive to harm.
And who “holds the cash”? AG Scumbag James? Ichabod Engoron?
The Mafia has nothing on these two bums when it comes to forced collections when withheld have dire consequences.
Stop reading my mind.
Disgorgement is by definition not punitive. It returns the fraudster to the position they would have been in if they hadn’t committed fraud.
Fraud is in the eye of the beholder. Even the so called victims didn’t complain.
I look forward to November, when people like you slink back under the rocks from which you came. Never seen previously, never to be seen again.
“Fraud is in the eye of the beholder” No it is not, lying on financial statements is fraud, this is straightforwardly the case.
The victims haven’t yet complained, the evidence for the fraud is from the Engeron trial. You are assuming that the disgorgement wont go to the harmed parties, this may be the case.
I’m looking forward to November too, Trump is a bad candidate who’s hated by many moderate republicans let alone independents and democrats. Trump will likely continue his losing streak. Remember he is officially the worst president of all time, that’s quite the achievement.
The so called victims stated very clearly that they used their own assessors to determine the value of the loans that Trump took out. They also very clearly stated that they did not use the assessments from Trump in their valuations and evaluations of the business loans requested.
The reason no one has stood up and said they were victims of fraud is because there are no victims of fraud here. No one as short changed No one lost out on these deals.
But all that means nothing to our Democrat intellectual pygmies determined to burn their cities to the ground in order to get one man and one man alone in these never ending politicised witch hunts.
mailman,
The decision quotes several NYC Parks’, insurance companies’, and lender’s employees stating that they did rely on Trump’s SOFCs. I’ll take testimony under oath over wherever you got that claim.
You’re one of those “no objective truth” people. No point in arguing.
Either way we’ll have four years (and beyond) to heap Trump’s failures on your heads.
Actually, fraud is a definite thing with strict elements: (1) deception (2) victim’s reliance on the deception, and (3) loss as a result of the deception. Not only aren’t these elements present in Trump’s case, but in the absence of a victim the rapacious state declared itself a victim and tried to grab a $500 million windfall. As you say, the only fraudster here is New York government.
That is incorrect. Per Executive Law 63(12)
Please note there is no requirement for the fraud to be successful violate the law.
(4) barring defendant Donald J. Trump and the corporate defendants from applying for loans from New York financial institutions for three years;
I wonder what financial institutions think about losing a customer who was for them a “goose that lays golden eggs”?
Trump has declared bankruptcy several times in his life, screwed many contractors out of payment, failed to pay his attorneys, etc.
And the banks are fully aware of that, and able to give it whatever weight they like in their decision-making. This sanction doesn’t affect institutions that don’t want to lend him any money; it only affects those that, having taken his history into account, do want to make the loans, and it penalizes them by making that illegal.
But, don’t you see? This isn’t about interfering with a presidential election like they do in Russia or third-world banana-republic shit-holes — no, this is about protecting international bankers from themselves. They don’t know any better! Won’t someone think of the poor bankers?! /sob
“and it penalizes them by making that illegal.” Its not a penalty its protective to prevent further fraud. The point of the statute is to limit the damage from those who commit persistent fraud.
We are protecting you from making money on business loans to Trump, who has a history of PAYING back every single loan made to him in NY by banks.
Yes, thats some kind of protection going on there! 🤣🤣
Huh? I am a bank and want to lend my money to Trump; I am fully aware of his history, and have taken it into account. You tell me I can’t do that; how is that not a penalty against me? Whom are you protecting? Me?! From myself?!
I was contradicting 7Andrzejr2 (właso) claim that Trump is the “goose that lays the golden eggs” and nothing else.
The bond ought to have been reset to $1.
Ms. James should be required to personally cover his legal fees for malicious prosecution. Maybe split it with the trial Judge who diserves to be thrown off the bench for lack of objectivity.
If the appellate court is signalling that it will likely lower the fine to $ 175 million. This is still, obviously, excessive. The court should bite the bullet, admit that the trial court’s decision is wrong and lower the fine to $ 50,000 plus some harsh words.
This may not be “sanity,” but rather “damage control.” Who did not hear Frank Luntz’s warning a few days ago?
Or even damage control for something as mundane as protecting the state’s revenue stream by having a stabilizing effect on the business climate there.
He can’t keep getting away with it!
It looks like the higher court is taking a bit of a dim view of the trial court’s including transactions that they have already ruled were out of the statute of limitations – a ruling that the trial court ignored.
No, this is a gross misunderstanding of the appellate court decision. Its only to allow Trump a reasonable chance to continue with his appeal. It in no way makes comment on the original decision.
Trump should build a skyscraper with a huge bullseye on it in Manhattan.
It would be Wyatt’s Torch.
Nice!
I have a Wyatt Oil polo shirt. People who know my O&G background ask me if that’s who I work for. Lately I’ve been answering yes.
Nice!
Just remember, as it’s now acceptable to go after a former President for hurt feelings it should be intimately easier to go after lower ranked Government employees as Democrats have shown us that immunity from prosecution is now no longer a given.
Including the DC Federal Judges and Prosecutors. Their two tiered justice system is an affront to the very concept of justice. Since they do not believe that the President enjoys immunity then clearly Federal judges and US attorneys don’t either.
There are probably a lot of Federal and State charges that can be brought after November. Of course the cases will have be filed and tried outside of blue cities as there is no chance of equal justice there.
Given that the Dems insist that FJB does not have a bad memory, if Trump wins, he should say he has no choice but to take the action that would have been required if Hur’s report had contained no such excuse.
“as it’s now acceptable to go after a former President for hurt feelings”
This is you admitting you have never read an indictment or judgement in your life. If you seriously think fraud, obstruction of justice, violations of the espionage act, election interference are hurt feelings you have something seriously wrong with you.
Stop pretending to be a lawyer.
Not all all.
This particular set of indictments wasn’t about ‘hurt feelings’;, it was about interfering in the election.
The hurt feelings are yours, and we enjoy your endless screaming tantrum.
Troll until your fingers bleed and know that we are always and forever laughing at you.
Madoff’s bond was 10 M.
…for 37,000 actual victims.
Trump should take a page out of Biden’s book. Declare Eric an artistic genius and have him paint a masterpiece to substitute for the bond.
This is the second reversal of Engoron in the same case,…is there a limit or do judges have absolute immunity?
Judges have absolute immunity from lawsuits for their actions on the bench.
A judge-invented doctrine widely divergent from the common law. If a judge can’t be sued for self-interested or corrupt rulings then they are gods not men, exactly as judges like it. The same goes for the judge-invented absolute immunity prosecutors enjoy.
If judges, then why not presidents?
Presidents do have absolute immunity for their official acts. The only dispute is over what constitutes an official act.
Its not a reversal, its an allowance of the appeal to continue based on the fact that Trump stated he couldn’t raise the money.
I just saw on X that Trump has a new nickname for Letitia James: the Chocolate Moose.
I thought she has an amazing resemblance to a gorilla. But Moose is an acceptable description for someone as ugly as her.
I don’t see a reason listed. They just declared it without justification?
Judge: “You have to pay 464 million”.
Appeals Court: “No, you only have to pay 175 million”.
Trump: “Yay, I win!”
“” “I greatly respect the decision of the Appellate Division, and I’ll post either $175 million in cash or bond for security, whatever is necessary very quickly within the 10 days,” Trump said, “and I thank the Appellate Division for acting quickly, but Judge Engoron is a disgrace to this country and this should not be allowed to happen.” “”
“Yay, I win.”
“It will be my honor to post [the bond],” he continued” “”
smoozing the appellate court hoping its next ruling is in his favor
Its a lowering of the bond, not the disgorgement.
The reduced amount is still absurd. This is a civil case with no victim. The case needs to be completely dismissed. Nothing short of that is fair. …this lawfare practiced by these leftists is Anti American.
Fraud has been demonstrated, the lenders lost money given they could have charged a much higher interest rate or not lent at all.
No injury claimed by lenders. If SCOTUS doesn’t throw out the case completely, it might symbolically find trump guilty, and award token damages of $1.
The true motivation behind this legal harassment is to tie up trump’s money during election year so that he will have less money to use for campaigning.
“Fraud has been demonstrated,”
Fraud has NOT been demonstrated. Fraud was DECREED in a summary judgement.
That is, a judgement for the prosecution that did not allow a defense at all.
There was no trial.
The thing that appeared to be a trial was undertaken to decide which of the decreed charges of fraud would be fined and for how much.
“The ELEVEN-WEEK TRIAL of this action addressed whether defendants are liable pursuant to the SECOND THROUGH SEVENTH causes of action” (emphasis added)
You simply have no clue what you’re talking about.
BTW a summary judgement means there are no competing facts for a jury to consider. In practice it means the defendant did something so obviously bad it cannot be defended against even if given the opportunity.
In the judge’s opinion. In this case the judge is dishonest and granted summary judgment because he wanted to, not because the case had actually been proved beyond reasonable doubt.
Milhouse,
Civil cases are preponderance of evidence not beyond a reasonable doubt.
Not for summary judgment. If he thinks it’s only proven on the preponderance of the evidence, then a jury might find otherwise.