In a big win for President Trump this morning, a New York appeals court has reduced the unfair NY civil fraud judgment bond against him from $454 million to $175 million.
While the bond should be ZERO, President Trump’s legal team had previously asked for the appeal bond to be set at $100 million.
The court granted a pause on the judgement for 10 days, giving Trump time to pay the bond.
This ruling comes on the same day that Leticia James could have begun seizing Trump’s real estate and assets…
Sorry Leticia, that won’t be happening.
Check out the breaking news:
BREAKING: Donald Trump's $454 million bond has been reduced to $175 million thanks to a New York appeals court ruling.
The ruling is a massive win for Trump, saving him from potential financial disaster.
The new bond will stop Attorney General Letitia James from collecting… pic.twitter.com/YhCaT3dPq6
— Collin Rugg (@CollinRugg) March 25, 2024
Not only was the bond reduced drastically, but the appeals court also threw out some of the Judge Engoron’s bogus judgements, including a 3-year ban on President Trump or his sons serving as a director for a New York company.
It wasn’t just the bond that was lowered, the appeals court also stayed some of psychos other decisions. pic.twitter.com/DTYRzCzu1g
— Rosie Memos (@almostjingo) March 25, 2024
President Trump responded to the ruling, thanking the appeals court and blasting Judge Engoron as a “disgrace.”
Watch President Trump’s response here:
WATCH:
Trump speaks after order to pay $175 million bond in his unjust, NYC civil fraud trial.
President Trump: "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." pic.twitter.com/SV7NuiknsH
— Laura Loomer (@LauraLoomer) March 25, 2024
When asked what his collateral for the bond will be, President Trump savagely replied, “CASH!”
Watch here:
JUST IN: Donald Trump says his collateral on the bond in the NY fraud case is cash after a New York appeals court lowered the bond to $175 million.
Reporter: "What's your collateral on the bond?"
Trump: "Cash."
Trump also shredded Judge Engoron, calling him a "disgrace to this… pic.twitter.com/lZa0NmniyF
— Collin Rugg (@CollinRugg) March 25, 2024
Classic Trump…you’ve gotta love that answer.
This answer is going to be memed everywhere. Trump says he will post his $175 million bond in cash. pic.twitter.com/0SkLEeluvJ
— Clay Travis (@ClayTravis) March 25, 2024
CNBC has more details on the big win for President Trump:
A New York appeals court on Monday paused for 10 days a massive civil business fraud judgment against Donald Trump — and sharply reduced to $175 million the bond amount he will have to post to obtain a longer stay of that award.
The ruling came the same day New York Attorney General Letitia James could start seizing the former president’s real estate assets and bank accounts to satisfy a $454 million and rising judgment after he failed to obtain an appeal bond.
James is prevented from doing so — for now — due to the order from the five-judge panel in Manhattan Supreme Court’s appellate division.
Trump in a social media post said he would “post either a bond, equivalent securities, or cash” in the new amount set by the appeals court.
Earlier Monday, he had raged in a Truth Social post that he might be forced to sell his “babies” — real estate assets — to satisfy the judgment while he appeals a judge’s verdict that he and other defendants for years fraudulently inflated the stated value of properties while obtaining loans.
Trump’s lawyers previously asked that the appeal bond in the case be set at $100 million.
ABC News also commented on the appeals court ruling:
A New York appellate court has ruled that former President Donald Trump can post a lower bond to cover his $464 million civil fraud judgment.
ADVERTISEMENTThe Appellate Division, First Department said Trump can post a bond “in the amount of $175 million” to cover the judgment.
Trump’s attorneys had argued obtaining a bond for the full amount of $464 million was a “practical impossibility.”
The panel of five judges also opted to delay enforcement of the $464 million judgment by 10 days.
The ruling comes as Trump and his sons faced a Monday deadline to pay or secure a bond, or risk New York Attorney General Letitia James beginning the process of seizing the former president’s prized assets.
“It is ordered that the motion is granted to the extent of staying enforcement of those portions 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,” the two-page order said.
Trump, addressing reporters during his appearance Monday at a hearing in his hush money criminal case, thanked the appellate court for the ruling.
“I greatly respect the decision of the Appellate Division, and I’ll post either $175 million in cash or bonds or security or whatever is necessary very quickly within the 10 days, and I thank the Appellate Division for acting quickly,” Trump said.
“We got what we wanted,” one source close to Trump told ABC News.
Looks like the Dems’ plan to bankrupt Trump and keep him out of the White House is falling apart…
So, what happens next?
I’ll end this article with some food for thought:
This is not about money. This is war.
$175 million is not going to deter Trump from his mission of fixing this country.
The objective is to get back in the White House. The root of this problem is corruption at all levels. The only way to resolve this problem, is to drain the… pic.twitter.com/T0t0j5uZgt
— Clandestine (@WarClandestine) March 25, 2024
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