A New York appellate judge has 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.

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.

  • designatedhacker@lemm.ee
    0·
    9 months ago

    So they’re going to let him get a loan to pay bond for the appeal. So he’ll be able to appeal if any bank takes that bet.

    • azimir@lemmy.ml
      0·
      9 months ago

      The NY AG seems to be on track to ensure he can’t get a loan from a bank in NY (where the assets are). He can still use a bond agency like any other criminal, though.

      What’s more likely is a large anonymous donation from overseas and he’s even more a controlled agent to a foreign power than he was before.