BREAKING: Trump To Post $100 Million Bond To Pause $454 Million Judgment

This just in: President Trump plans to post a $100 million bond and ask for a stay of the $464 million NY civil fraud case judgment.

Despite there being no victim in the bogus fraud case against Trump, Judge Engoron ordered him to pay fines totaling over $355 million. Every day that Trump does not pay the ridiculous amount, interest accrues by $114,553.04.

Trump's lawyers say he's prepared to post $100 million bond to pause $454 million fraud penalty. https://t.co/IrBLYTKoVE

— CBS News (@CBSNews) February 28, 2024

Trump to Post $100 Million Bond, Ask to Pause Enforcement of $464 Million Judgment as Letitia James Taunts with Daily Calculator via @gatewaypundit https://t.co/HL0Ufxkwys

— The Gateway Pundit (@gatewaypundit) February 28, 2024

Leticia James, prosecutor in the NY trial, has been taunting President Trump by posting a ‘Daily Calculator’ on how much he owes:

+$114,553.04 = $464,805,336.70 https://t.co/gugrACDTpC

— NY AG James (@NewYorkStateAG) February 25, 2024

ABC News has more details:

Lawyers for former President Donald Trump are seeking to pause the enforcement of the penalties in his civil fraud trial, telling the court that he intends to post a bond of only $100 million — well short of the $464 million judgment ordered by Manhattan Supreme Court Judge Arthur Engoron.

ADVERTISEMENT

Engoron’s judgment, issued earlier this month, ordered Trump to pay a $355 million fine, plus interest, and blocked him from running any New York-based company, including his own, for three years.

In a court filing Wednesday, Trump’s lawyers argued that the penalties are “unprecedented and punitive.”

In the filing, Trump’s lawyers said that posting a bond to cover the entire judgment would not only be impossible but also unnecessary given the preexisting oversight provided by the Trump Organization’s independent monitor. According to the filing, the current oversight coupled with the $100 million bond ensures that New York Attorney General Letitia James could collect the judgment if needed.

“Those assets are not going anywhere, nor could they given the oversight of the Monitor and the practical realities of the existence of the very public Judgment,” the filing said.

In their motion for a stay, defense attorneys Clifford Robert and Alina Habba called Engoron’s order “draconian” and said the punishments would unfairly impede Trump’s family real estate business.

CBS News added:

Donald Trump’s lawyers told a New York appellate court Wednesday that he’s prepared to post a $100 million bond to halt collection of his staggering civil fraud penalty, arguing that provisions of the verdict make it impossible for the former president to secure a bond for the full amount.

Trump’s lawyers floated the offer in court papers asking the state’s mid-level appeals court for an order preventing New York Attorney General Letitia James’ office from enforcing the $454 million judgment while his appeal plays out. Trump would have to post the full amount to pause collection automatically.

The appeals court heard arguments at an emergency hearing Wednesday, and a judge could issue a decision by the end of the day.

Trump’s lawyers argued that a provision in Judge Arthur Engoron’s Feb. 16 ruling banning Trump, his company and co-defendants from obtaining loans from New York banks for three years prevents them from obtaining a bond covering the full judgment. In all, Trump and his co-defendants owe more than $465 million.

ADVERTISEMENT

“The exorbitant and punitive amount of the judgment coupled with an unlawful and unconstitutional blanket prohibition on lending transactions would make it impossible to secure and post a complete bond,” Trump lawyers Clifford Robert, Alina Habba and Michael Farina wrote.

James’ office opposes Trump’s plan, saying his lawyers have all but conceded he has “insufficient liquid assets to satisfy the judgment.”

“These are precisely the circumstances for which a full bond or deposit is necessary,” Senior Assistant Solicitor General Dennis Fan wrote, saying Trump’s offer would leave James’ office and the state “with substantial shortfalls” if the verdict is upheld.

“A prevailing plaintiff is entitled to have her award secured, and defendants have never demonstrated that Mr. Trump’s liquid assets could satisfy the full amount of the judgment,” Fan wrote.

James, a Democrat, has said that she will seek to seize some of Trump’s assets if he’s unable to pay the judgment.