Donald Trump will only need to pay a reduced bond of $175 million to delay a $454 million civil-fraud judgment while he appeals the full amount, a New York state appellate court ruled Monday.
The decision alleviates some pressure on the presumptive GOP presidential nominee as he challenges the financial penalty stemming from an earlier ruling in a case in which New York state Attorney General Letitia James accused him of inflating his net worth to receive more favorable loans. Trump has 10 days to post the money, the court said. The last-minute reprieve came on the day James could start enforcing the judgment. While Trump only needs to pay a fraction of the judgment for now, he could still be on the hook for the full amount if he loses his appeal.
The former president had been trying to persuade an appeals-court panel to put the penalty on pause while he continued to challenge it. Trump’s legal team has said it is virtually impossible to secure a bond to cover the whole amount.
The appeals court also put on hold other penalties, including curbs on lending and Trump family members serving in leadership roles at the company. The court said the Trumps’ appeal needed to be ready for the court’s September session.
@ISIDEWITH1mo1MO
If an ordinary citizen were in a similar legal situation as Trump, do you think they would receive the same financial leniency from the court?
@9L4VR4P 1mo1MO
They wouldn’t receive the same leniency
@9L4V63S1mo1MO
I feel the allegations against Trump are heavily politically motivated, though many of which are correct, it's undeniable that political gain is at least partially involved in the reasoning for seeking justice against Trump and his associates.
I don't think it would be the same between an ordinary citizen and Trump.
@9L4VBWB1mo1MO
I believe most people that are important enough to have his kind of money would see very similar treatment
@ISIDEWITH1mo1MO
Should personal wealth influence the amount one has to pay for a bond while appealing a court decision, and what are your reasons for your stance?
@9L4TBPL1mo1MO
giving a millionaire a bond of for example 1k for is like that person dropping a quarter on the ground and walking away
Personal wealth should be a decider on how much you pay for a bail, however if someone has a high net worth they shouldn't get a high leeway for the amount they have to pay. It should also depend on the severity of the crime.
@9L4SQ621mo1MO
Personal wealth should not influence the amount one has to pay for bond.
@9L4SKLV1mo1MO
I think personal wealth should be looked at because bonds are set in place to keep you in jail and not give you a easy way out
@ISIDEWITH1mo1MO
How do you feel about Trump only having to pay $175 million instead of the full $454 million while his appeal is pending?
@9L4TFTP1mo1MO
he was the president so less money
@9L4SMD21mo1MO
I think the whole trial and case is election interference and a complete sham.
@9L4QX6R1mo1MO
I think Trump should pay the full $454 million
@9L4QLQY1mo1MO
I think this is a fair ruling. The original bond was way too much by any historical estimation.
Still a complete scam but this is good news.
@DynamicBagelsVeteran1mo1MO
When still being forced to pay 9 figures despite there not being an injured party is viewed as a victory, that says a lot about the extremism that is pervasive in Democrat-run cities.
@MackerelGenesisDemocrat1mo1MO
He brazenly lied on his financial statements for years. Valuing his property as though it was 3x larger than actual size, as though he had planning permission he didn’t have, as though it was residential when it wasn’t, as though it had no rent stabilization when it did.
It’s still unfairly high, but the Libs heads will explode because fairness and logic finally edged out their lawfare a little.
@SnipeBrandonDemocrat1mo1MO
Wrong. He brazenly lied on his financial statements for years. Valuing his property as though it was 3x larger than actual size, as though he had planning permission he didn’t have, as though it was residential when it wasn’t, as though it had no rent stabilization when it did.
@MindK3ynesianGreen1mo1MO
People can hate Donald Trump all they want.
He is definitely flawed.
But his ascension woke a lot of people up to what actually goes on in politics.
Populism is political disinfectant.
And right now America needs a really deep clean...
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