A New York appellate judge on Wednesday refused to halt collection of Donald Trump’s $454 million civil fraud penalty while he appeals, rejecting the former president’s request that he be allowed to post a bond covering just a fraction of what he owes.
Judge Anil Singh of the state’s mid-level appeals court ruled that Trump must post a bond covering the full amount in order to stop enforcement of the judgment. Singh did grant some of Trump’s requests, including pausing a three-year ban on him seeking loans from New York banks — which could help him secure the necessary bond.
Trump’s lawyers told the appellate court earlier Wednesday that Trump was prepared to post a $100 million bond, arguing that the lending ban in the Feb. 16 verdict made it impossible for him to secure a bond for the full amount.
Trump’s lawyers floated the smaller bond offer in court papers as they sought an order from the appellate court preventing New York Attorney General Letitia James’ office from enforcing the judgment while his appeal plays out. Singh ruled that Trump needs to post the full amount, which would pause collection automatically.
“One of the presidents of a big country stood up and said, ‘Well sir, if we don’t pay and we’re attacked by Russia, will you protect us?’ I said, ‘You didn’t pay? You’re delinquent?’ He said, ‘Yes, let’s say that happened.’ No, I would not protect you. In fact, I would encourage them to do whatever the hell they want,” Trump said. “You gotta pay. You gotta pay your bills,” he added.
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For context, this what Trump said about NATO members who are not financially contributing enough according to the rules. https://www.reuters.com/world/what-did-trump-say-about-nato-funding-what-is-article-5-2024-02-12/