Court agrees to block collection of Trump's massive civil fraud judgment if he puts up $175M
Source: AP
Updated 1:09 PM EDT, March 25, 2024
NEW YORK (AP) A New York appeals court on Monday agreed to hold off collection of former President Donald Trumps more than $454 million civil fraud judgment if he puts up $175 million within 10 days.
If he does, it will stop the clock on collection and prevent the state from seizing the presumptive Republican presidential nominees assets while he appeals. The appeals court also reversed other aspects of a trial judges ruling that had barred Trump and sons Eric Trump and Donald Trump Jr., the family companys executive vice presidents, from serving in corporate leadership for several years.
In all, the order was a significant victory for the ex-president as he defends the real estate empire that vaulted him into public life. The development came just before New York Attorney General Letitia James, a Democrat, was expected to initiate efforts to collect the judgment.
Trump, who was attending a separate hearing in his criminal hush money case in New York, hailed the ruling and said he would post a bond, securities or cash to cover the $175 million sum in the civil case. Speaking in a courthouse hallway, Trump revisited his oft-stated complaints about civil trial Judge Arthur Engoron and the penalty he imposed.
Read more: https://apnews.com/article/trump-civil-fraud-case-verdict-penalty-appeal-8447c48d0436083737204b13401438d2
Article updated.
Previous article/headline -
Updated 11:30 AM EDT, March 25, 2024
NEW YORK (AP) -- A New York appeals court on Monday agreed to hold off collection of former President Donald Trump's $454 million civil fraud judgment -- if he puts up $175 million within 10 days. If he does, it will stop the clock on collection and prevent the state from seizing the presumptive Republican presidential nominee's assets while he appeals.
The development came just before New York Attorney General Letitia James was expected to initiate efforts to collect the judgment. Messages seeking comment were sent to James' office and to Trump's lawyers. Trump's lawyers had pleaded for a state appeals court to halt collection, claiming it was "a practical impossibility" to get an underwriter to sign off on a bond for such a large sum.
The ruling was issued by the state's intermediate appeals court, the Appellate Division of the state's trial court, where Trump is fighting to overturn a judge's Feb. 16 finding that he lied about his wealth as he grew the real estate empire that launched him to stardom and the presidency.
After James won the judgment, she didn't seek to enforce it during a legal time-out for Trump to ask the appeals court for a reprieve from paying up.
Original article -
NEW YORK (AP) -- A New York appeals court on Monday agreed to hold off collection of former President Donald Trump's $454 million civil fraud judgment -- if he puts up $175 million within 10 days.
If he does, it will stop the clock on collection and prevent the state from seizing his assets while he appeals.
The development came just before New York Attorney General Letitia James was expected to initiate efforts to collect the judgment.
Earlier this week, Trump's lawyers pleaded for a state appeals court to halt collection, claiming it was "a practical impossibility" to get an underwriter to sign off on a bond for such a large sum.
kimbutgar
(21,153 posts)StarryNite
(9,445 posts)I don't think any other president would be getting away with this bullshit.
flying_wahini
(6,600 posts)Why would they do that?
bdamomma
(63,849 posts)they decreasing the sum to $174 million???? Just got to read what's going on???
TexasBushwhacker
(20,190 posts)and it must be put up in 10 days. This means that they won't have to take on the responsibility of selling his properties, which would have been expensive and time consuming.
bdamomma
(63,849 posts)explaining this to me. Better here right now, than watching it on TV.
Kablooie
(18,634 posts)that are willing to sacrifice their careers and even go to prison, just so he doesn't have to face justice for his crimes.
Magoo48
(4,709 posts)The morbidly richThey slide, generally. Drawn out abuse of the system. Always preferential treatment. No or super lite responsibility attached.
Us: usually fucked.
Deuxcents
(16,221 posts)underpants
(182,809 posts)forgotmylogin
(7,528 posts)And he was afforded a convenience that no regular person would have received.
MOMFUDSKI
(5,542 posts)There are powers that will have their way no matter what.
bucolic_frolic
(43,166 posts)LetMyPeopleVote
(145,264 posts)Link to tweet
Here is a link to the full ruling
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=M5s4ZTPZwujdVv7x0_PLUS_ENFA==
Hermit-The-Prog
(33,347 posts)KS Toronado
(17,241 posts)He should have had the funds today to pay with. How did the Judge come up with 38% of the original amount
as being fair? Someone told the Judge back in his chambers $175 was all TSF could come up with even
though he bragged on his untruth social he had $500 M in a piggy-bank.
ificandream
(9,373 posts)They wouldn't have gotten this deal. I remember back in my college days in the '70s there was the belief that money helped get you legal breaks. Older people at the time scoffed at this. But it's true and there's no better example than this.
Biden should repeat and repeat -- HE'S NOT LIKE YOU!
TwilightZone
(25,471 posts)"Key questions as Trump hurtles toward Monday deadline to pay $454 million fraud penalty"
This appears to be the correct link:
https://apnews.com/article/trump-civil-fraud-case-verdict-penalty-appeal-8447c48d0436083737204b13401438d2
LetMyPeopleVote
(145,264 posts)Marthe48
(16,963 posts)nt
Diraven
(519 posts)That in 10 days there will be another ruling in his favor that causes further delay and probably reduces the amount further. There's always someone who will subvert the law to let him get away with anything.
Bengus81
(6,931 posts)Total BS,but remember Justice is blind in the US.
Yeah may ASSS it is.
Traildogbob
(8,741 posts)I have spent 8 years thinking and praying, this is the one that will get him. Totally disappointed every fucking time.
I had zero illusion he would lose a thing today, or ever. Way too sick of the letdowns. Just expect him to never be held accountable, ever. Even if he lose in Nov, we will hear his shit every day as we have since Biden became president.
Only one thing will take him out of our misery, 🖤💥🙏🙏🏽🙏🏾🙏🏿
OMGWTF
(3,957 posts)I would prefer a debilitating stroke and Melania and ALL the spawn have to wipe his ass for 20 more years. And maybe he will even pass all the heads outta there.
Watched a doc on Chimpanzee's yesterday. And females in season have to drag around a huge red blob of internal ass. All I could think of was trumps ass with all the entering and exiting of the crowd of heads that dwell up there. I mean, Hell, Hannitys head alone would fill the cavern, so they have to trade out time in there. Imagine being a mouth breather and spending time up there. 🤢🤮
niyad
(113,315 posts)to pay secret service protection for this FUCKING TRAITOR**'s ass for 20 more years???
Traildogbob
(8,741 posts)Even if he dies Melania gets his paycheck till she dies. My way, he suffers while we pay her Ho ass. At least he will be earning that pay.
niyad
(113,315 posts)about 221,400 per year. Former Furst Ladies get 20,000. SS protection costs a whole lot more than that.
Traildogbob
(8,741 posts)She deserves zero. So you have convinced me, let him end quick.
XanaDUer2
(10,676 posts)I expected a bailout by other rich ppl. Didn't forsee this. But I knew something in his favor would happen. When I saw the gleeful posts about Trump Tower being revoked, I didn't say anything. But I knew. Hes teflon, and thats it. All we can hope for is GOTV. if he loses, hell make another scene and be in the news constantly. May lead another insurrection. And hell walk in every case. It is what it is
LetMyPeopleVote
(145,264 posts)I wonder if TFG will have to post cash to secure bond?
Think. Again.
(8,142 posts)Getting ready to use this as precedent to reduce bonds across the board for absolutely no reason.
THE GUY STATED PUBLICLY HE HAS ALL THE CASH READY TO PAY!!!
Novara
(5,842 posts)So where does this appeal come from?
Irish_Dem
(47,099 posts)onenote
(42,703 posts)It's not unheard of for them to do so.
SlimJimmy
(3,180 posts)They seem to think that he's getting special treatment. When in actuality, bonds are reduced under NY State law quite often. This did not come as a surprise to me.
BigmanPigman
(51,593 posts)Novara
(5,842 posts)He said he has the cash. There was no reason for the appellate court to believe his whining that it was too much and he was too poor to pay.
Auggie
(31,171 posts)Irish_Dem
(47,099 posts)Corrupt judges have spoken.
republianmushroom
(13,595 posts)If there is please let us know and we will do it for you
Why should this court be any different than any other, Mr. Trump.
38 months and counting
Irish_Dem
(47,099 posts)Wonder what the going prices is for a US judge?
atreides1
(16,079 posts)...it was for a NY State Judge...who have a lower price than a federal judge!
DinahMoeHum
(21,789 posts)NOT the judgement itself.
MorbidButterflyTat
(1,812 posts)with reality?
Thanks for posting this. I think today may be a good day to avoid social media's hair on fire.
Irish_Dem
(47,099 posts)bdamomma
(63,849 posts)so none of his properties can be taken away???? and they are reducing the $454million to $175 million why???
Is it because he cannot pay that full amount???? Geez, WTF???
DinahMoeHum
(21,789 posts). . .the JUDGEMENT of nearly half a billion still remains
If the appeal is turned down, he has to pay the judgement.
Let's see which sureties (if any) will put up the $$$. As it is, only Chubb agreed to underwrite appeal $$$ in ther E. Jean Carroll case.
bdamomma
(63,849 posts)explaining that???
twodogsbarking
(9,752 posts)Bengus81
(6,931 posts)He should have pony up the ENTIRE amount seeing how he wants to drag this out like he does everything else. The FULL amount of the judgement should be DUE and PAID like it would for everyone.
The Judgement is for the $464M, he has the right to appeal after he PAYS that amount and it's held while waiting for months and months more of delays.
onenote
(42,703 posts)For example, in Florida, no matter how large the judgment, the defendant cannot be required to put up a bond of more than $50 million, and the court still retains the authority to set the bond at an even lower level.
New York is one of the few states without a cap on the bond requirement, but it allows judges to set it below 100 percent of the judgment. I don't have any data, but under the circumstances, it wouldn't be a surprise if New York judges set the bond at below the 100 percent level in a lot of cases where the judgment is large -- more than $100 million.
LetMyPeopleVote
(145,264 posts)MorbidButterflyTat
(1,812 posts)he can't borrow money for the judgment from the state he owes the judgment to!
LetMyPeopleVote
(145,264 posts)EarthFirst
(2,900 posts)The guy said he had the cash; make him put it up or shut him up.
FFS. Its always something that benefits this guy
hamsterjill
(15,220 posts)Serious question.
He always gets a pass. One must at some point start asking why. So Im asking.
Its fucking ridiculous. Dont we have ANYONE with more power to yield than him? Counter his offensive?
Or do we just give the fuck up now?
Irish_Dem
(47,099 posts)FakeNoose
(32,639 posts)Chump doesn't really have many friends in the State of New York any more. But he does have a few well-placed Repuke "friends" who apparently are willing to make phone calls to certain judges on Chump's behalf.
Irish_Dem
(47,099 posts)bdamomma
(63,849 posts)a mafia don.... He's been around them all of his life. I been reading about Roy Cohn, he learned everything from Cohn. But in the end Cohn died a miserable death. Serves them right.
So now what????
Irish_Dem
(47,099 posts)So it is up to We The People.
yankee87
(2,173 posts)All courts are pro Republican and we should have known this would happen.
onenote
(42,703 posts)They all defeated Republican party candidates. And subsequently all five were named to the appellate division by Democratic governors.
Of course, if you're right, then I guess we shouldn't care who gets to become President or celebrate all of the judges appointed by President Biden because they're all "pro-republican", right?
So much nonsense being spewed on DU today.
oldmanlynn
(108 posts)The fact that they helped trump is despicable.
Conservatives on the courts will rule for their tribe most of the time.
onenote
(42,703 posts)First, there are 21 judges assigned to the Appellate Division, First Department -- 20 of them were appointed by Democratic governors. Only one was appointed by a Republican governor.
Second, the five judges that issued this particular ruling ALL were appointed by Democratic governors.
Finally, you're wrong even as to the NY Court of Appeals (the highest court in the state). It has seven justices. Every one of them was appointed by a Democratic governor.
You need to find better sources of information before you post.
oldmanlynn
(108 posts)And not the appellate division first department
onenote
(42,703 posts)Not sure what you were looking at.
moniss
(4,245 posts)appeal won't likely be heard until the fall.
republianmushroom
(13,595 posts)Anything else wee, wee can do for you, Mr. Trump, at this time ?
38 months and counting
mike_c
(36,281 posts)...and the rest of us.
Bengus81
(6,931 posts)He'll drag this SOB out until the sun burns out, just like "Mr. Innocent" does with all other court cases.
Orrex
(63,213 posts)Oh wait.
Quick! Could one of the cheerleaders please tell me again that we have a one-tiered system of justice for all? That's one of my favorite fictions!
FakeNoose
(32,639 posts)This little wrinkle is disappointing, and it gives Chump another delay that's completely undeserved. However it will not in any way cause him to win the November election. Chump will once again be a loser in November, and no judge on any bench will change that.
Meanwhile the State of New York will proceed with this fraud conviction and fight the appeal with everything they can muster. If it takes a few more months, well OK. After all, Chump has been frauding and criming in New York for well over 30 years. The important thing to remember is that he cannot and will not win the White House in November.
NYS is still on the right track and AG Letitia James is singing Tom Petty's hit song "I Won't Back Down."
bdamomma
(63,849 posts)what is her opinion on this decision???? Why such a decrease in bond price???? And who was the Judge who gave this decision???
onenote
(42,703 posts)All five judges were appointed by Democratic governors. In fact, of the 21 judges assigned to that department, 20 are appointees of Democratic governors and all seven of the judges on the NY Court of Appeals (the highest level in the NY courts) are appointees of Democratic governors.
Kablooie
(18,634 posts)Over 8 years of anticipating justice is enough.
Trump will never, ever suffer real consequences for his crimes, I'm convinced and want to stop hoping.
Someone ALWAYS steps up to protect Trump from serious consequences.
He has dodged justice over and over again for his whole life and now he has millions of people in and outside of the legal system that are willing to sacrifice their careers and even go to prison, just so he doesn't have to face justice for his crimes.
We should stop expecting justice.
It is not going to happen.
hay rick
(7,619 posts)Playingmantis
(138 posts)This decision is not as bad as some think
He is still on the hook for the nearly half billion dollar fine..and this only means he can appeal without severe penalties..
Don't despair..
Bayard
(22,075 posts)He still has to pay the rest of the $454M.
I still wonder if he even has the $175M though.
moniss
(4,245 posts)be telegraphing that they are going to greatly reduce the judgement.
TxGuitar
(4,190 posts)Trump is seriously wearing us down at our house. It has been 8 long years....
bdamomma
(63,849 posts)game to wear us down, but we have 1 up on him this upcoming election in November 2024. He's a fucking twit, just a bully all the time. We have to remain strong, cause he has shown and told us he has such disrespect for us and our country.
SlimJimmy
(3,180 posts)It seems a lot of folks here are doing just that. Listen to me. It's not worth your mental health. I stopped worrying about his dumb ass a long time ago. Karma will get him sooner rather than later; it always does. Keep voting Democratic and let fate take care of the rest. If he's not in office, he can't do us any harm.
The Grand Illuminist
(1,332 posts)as well as his voters.
Mr.Bill
(24,294 posts)but I'm betting they figured out Trump does not have 450 million in equity in all his properties combined. He may not not have $1 in equity. It would be pointless for the state to confiscate property that they could recover no cash from. It would however, be fun to watch.
FakeNoose
(32,639 posts)He'll never give it up unless he needs to keep his own butt out of prison.
When he croaks it will go to his children, unless he spends it all first.
Hikerchick57
(118 posts)and getting angrier that he never has to pay any consequences for his crimes. If it was any of us we would lose everything!
ancianita
(36,058 posts)https://imgur.com/mBzhxvn
If I'm mistaken, then this bond ruling and stay comes from a panel on the New York Appellate Division of the NY Supreme Court. Media under-inform the public, as usual, and/or don't want to be bothered to name the judges who ruled to lower Trump's bond.
The AG's office brushed off Monday's ruling in a statement, saying: "Donald Trump is still facing accountability for his staggering fraud. The court has already found that he engaged in years of fraud to falsely inflate his net worth and unjustly enrich himself, his family, and his organization. The $464 million judgment plus interest against Donald Trump and the other defendants still stands."
https://www.nbcnews.com/politics/donald-trump/ny-appeals-court-reduces-trumps-bond-civil-fraud-case-175-million-vict-rcna144659
onenote
(42,703 posts)appointed by Democratic governors.
New York's court system can be confusing. The trial court is called the Supreme Court; the intermediate appeals court is called the Appellate Division; and the highest level appeals court is called the Court of Appeals.
There are 21 judges assigned to the appellate division that covers New York City -- 20 of them were appointed by Democratic governors and the five that issued the order reducing the appeals bond were all appointed by Democratic Governors.
The seven justices of the Court of Appeals, as you point out, also are appointees of Democratic governors.
Hotler
(11,424 posts)were handed their marching orders. According to anonymous sources, not only will the bond be reduced significantly, the judges themselves will put up the bond money.
Another step closer to fascism.
onenote
(42,703 posts)society?
Okee-dokee.
Here are judges you are trying to defame:
Presiding Judge Dianne Renwick, a Black jurist who previously served as a staff attorney for the Legal Aid Society.
Anil Singh, a judge born in India who immigrated to the US, went to Antioch Law School, and prior to becoming a judge worked for another judge who started out representing criminal defendants for the Legal Aid Society.
Lizbeth Gonzalez, a Latina judge who previously served as Visiting attorney for the Puerto Rican Legal Defense & Education Fund and as a
Senior attorney for MFY Legal Services (aka Mobilization for Justice, an organization providing legal services to low-income New Yorkers).
Bahaati Pitt-Burke, a Black jurist who previously worked for the Legal Aid Society.
Kelly O'Neill Levy, previously served as a principal law clerk to the late Judge Rose Rubin, one of the first women to become a New York judge and also served on the Board of Directors of the Womens Bar Association and the Board of Trustees of the Community Service Society of New York.
AverageOldGuy
(1,527 posts). . . he can come up with the $170 million?
Probably can come up with it, but, it's not a given. From previous reporting, all the people he went to for $450 million refused to take any real estate as collateral because his "real estate empire" either does not belong to him, he just pays for the right to put his name on it, or, it's mortgaged to the hilt and is worth nowhere near what he claims.
DinahMoeHum
(21,789 posts)which in NYC is a triple whammy (Fed, NY, NYC)
Nearly 40%, according to Michael Cohen.
msfiddlestix
(7,282 posts)Yo_Mama_Been_Loggin
(107,996 posts)Money he probably doesn't have.
zanana1
(6,121 posts)Condescenturion
(6 posts)"A New York appeals court..."
Who was the judge?
onenote
(42,703 posts)PSPS
(13,599 posts)onenote
(42,703 posts)All Democrats. First elected as Democrats defeating Republicans. Appointed to the appellate division by Democratic governors.
Presiding Judge Dianne Renwick, a Black jurist who previously served as a staff attorney for the Legal Aid Society.
Anil Singh, a judge born in India who immigrated to the US, went to Antioch Law School, and prior to becoming a judge worked for another judge who started out representing criminal defendants for the Legal Aid Society.
Lizbeth Gonzalez, a Latina judge who previously served as Visiting attorney for the Puerto Rican Legal Defense & Education Fund and as a
Senior attorney for MFY Legal Services (aka Mobilization for Justice, an organization providing legal services to low-income New Yorkers).
Bahaati Pitt-Burke, a Black jurist who previously worked for the Legal Aid Society.
Kelly O'Neill Levy, previously served as a principal law clerk to the late Judge Rose Rubin, one of the first women to become a New York judge and also served on the Board of Directors of the Womens Bar Association and the Board of Trustees of the Community Service Society of New York.
YoshidaYui
(41,831 posts)Why the fuck are they giving Trump this break, at every fucking Turn.Whats next? Him getting away with all his crimes? Is the Supreme Court going to give him The presidency over a Biden win? Get on your knees and cow tow, Lord Emperor Trump has arrived!!
oldsoftie
(12,548 posts)CanonRay
(14,103 posts)Or are appeal rights only granted if your name is Trump?
dem4decades
(11,296 posts)Why ruin the rest of my life because America is crooked and stupid?
PSPS
(13,599 posts)dem4decades
(11,296 posts)And so far she's right and there's nothing I see that would change that.
Evolve Dammit
(16,733 posts)TNNurse
(6,926 posts)And what they got paid?
onenote
(42,703 posts)Presiding Judge Dianne Renwick, a Black jurist who previously served as a staff attorney for the Legal Aid Society.
Anil Singh, a judge born in India who immigrated to the US, went to Antioch Law School, and prior to becoming a judge worked for another judge who started out representing criminal defendants for the Legal Aid Society.
Lizbeth Gonzalez, a Latina judge who previously served as Visiting attorney for the Puerto Rican Legal Defense & Education Fund and as a
Senior attorney for MFY Legal Services (aka Mobilization for Justice, an organization providing legal services to low-income New Yorkers).
Bahaati Pitt-Burke, a Black jurist who previously worked for the Legal Aid Society.
Kelly O'Neill Levy, previously served as a principal law clerk to the late Judge Rose Rubin, one of the first women to become a New York judge and also served on the Board of Directors of the Womens Bar Association and the Board of Trustees of the Community Service Society of New York.
All five got their start by being elected by the people of New York City, as Democratic Party candidates, to be lower court judges. Subsequently, each was appointed to the appellate division by a Democratic governor.
PSPS
(13,599 posts)onenote
(42,703 posts)Of course, when Trump does it, we are appalled.
TNNurse
(6,926 posts)llashram
(6,265 posts)two-tiered justice serving a self-professed rich white man. this POS will walk free.
Paladin
(28,262 posts)PSPS
(13,599 posts)Koch, Poe, or some other billionaire trumper ponied up the money, "negotiated" this amount with the judge, all as a bet that trump might get elected and make it all go away. Sure, they'd lose the $175M but trump would just reimburse them out of the treasury, which he'd start plundering again.
Marthe48
(16,963 posts)I've been looking a little, for the answers, just curious about who is sitting on the appellate bench, and who put them there?
BumRushDaShow
(129,026 posts)(all Democrats appointed by Cuomo)
Marthe48
(16,963 posts)BumRushDaShow
(129,026 posts)Marthe48
(16,963 posts)Find in page. I was lazy ty again!
GAJMac
(166 posts)Name names! We need to find EVERY judge who has been bought and paid for by big money right wing liars and thieves! all the way to the SCOTUS.
onenote
(42,703 posts)Five Democrats that you have defamed the same way Trump defames every judge that makes a ruling he doesn't like.
Here they are:
Presiding Judge Dianne Renwick, a Black jurist who previously served as a staff attorney for the Legal Aid Society.
Anil Singh, a judge born in India who immigrated to the US, went to Antioch Law School, and prior to becoming a judge worked for another judge who started out representing criminal defendants for the Legal Aid Society.
Lizbeth Gonzalez, a Latina judge who previously served as Visiting attorney for the Puerto Rican Legal Defense & Education Fund and as a
Senior attorney for MFY Legal Services (aka Mobilization for Justice, an organization providing legal services to low-income New Yorkers).
Bahaati Pitt-Burke, a Black jurist who previously worked for the Legal Aid Society.
Kelly O'Neill Levy, previously served as a principal law clerk to the late Judge Rose Rubin, one of the first women to become a New York judge and also served on the Board of Directors of the Womens Bar Association and the Board of Trustees of the Community Service Society of New York.
All five got their start by being elected by the people of New York City, as Democratic Party candidates, to be lower court judges. Subsequently, each was appointed to the appellate division by a Democratic governor --either Hochul or Cuomo.
GAJMac
(166 posts)As you could tell from my hotheaded comment, I made the erroneous assumption that the Traitor got yet another break from a junior version of Aileen Cannon. That seems to be the way things roll in this country nowadays, but I'm glad that wasn't the case in this instance.
Again, thanks for setting me straight.
LastLiberal in PalmSprings
(12,586 posts)At the end of 10 days he'll request another 10 days, and then another, and another. Wash, rinse, repeat. There are three tiers of justice: one for normal citizens, one for the very rich and big corporations, and one for Donald Trump.
Jarqui
(10,125 posts)I wondered/suspected if Letitia James can go ahead and put liens on Trump property to secure the rest
(though I haven't heard that, it made sense to me ..)
Trump's probably running with the headline but the Devil is likely in the details.
Response to Jarqui (Reply #124)
onenote This message was self-deleted by its author.