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pnwmom

(109,225 posts)
Wed Feb 21, 2024, 11:45 PM Feb 2024

'Who's going to do that?': Trump faces hurdles in securing appeal bond for fraud case [View all]

This is about the half billion dollar bond Trump will need in the NY civil fraud case, unless he wants to hand cash over pending his appeal.

Trump has vowed to appeal Engoron’s ruling, which threatens not just his bottom line, but his entire persona as a mega-rich business genius, one that he has carefully cultivated for decades.

But bond agents may have reservations about working with Trump, whose business practices and claims about his wealth have been successfully challenged in court.

Appeal bonds are used to ensure that a person ordered to pay a judgment cannot misuse the courts to delay or avoid making that payment.

“Whoever is going to bond [Trump] is committing that they’re going to make good on that judgment,” said New York business attorney David Slarskey. “Who’s going to do that?”


https://www.cnbc.com/2024/02/21/trump-faces-obstacles-to-securing-an-appeal-bond-in-fraud-case-.html
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