In a bombshell development, the New York Appeals Court has responded Monday morning to the massive half a billion dollar bond that former President Donald Trump had been ordered to pay.
From the Associated Press:
NEW YORK (AP) — A New York appeals court on Monday agreed to hold off collection of former President Donald Trump’s $454 million civil fraud judgment — if he puts up $175 million within 10 days.
If he does, it will stop the clock on collection and prevent the state from seizing the presumptive Republican presidential nominee’s assets while he appeals.
The development came just before New York Attorney General Letitia James was expected to initiate efforts to collect the judgment.
Trump’s legal team had asked the judge to reduce the bond amount to at least $100,000,000. The judge compromised and reduced it to $175,000,000.
Breaking: Trump bond reduced to $175M as he appeals decision. pic.twitter.com/NOLACxq6Aw
— Freedom (@PU28453638) March 25, 2024
After the bond amount was reduced, Trump posted the following statements on his Truth Social account, and said he will pay the $175 million bond.
Judge Engoron has refused to obey the decision of the Appellate Division relative to the Statute of Limitations. This is a confrontation between a Judge and those that rule above him – A very bad situation in which to place New York State and the Rule of Law! Engoron has disrespected the Appellate Division and its very clear and precise ruling. He should be made to do so, and at the same time, release the GAG ORDER.
This is the 5th time in this case that he has been overturned, a record. His credibility, and that of Letitia James, has been shattered. We will abide by the decision of the Appellate Division, and post either a bond, equivalent securities, or cash. This also shows how ridiculous and outrageous Engoron’s original decision was at $450 Million. I
DID NOTHING WRONG, AND NEW YORK SHOULD NEVER BE PUT IN A POSITION LIKE THIS AGAIN. BUSINESSES ARE FLEEING, VIOLENT CRIME IS FLOURISHING, AND IT IS VERY IMPORTANT THAT THIS BE RESOLVED IN ITS TOTALITY AS SOON AS POSSIBLE. THANK YOU!
In a second post, Trump wrote:
Judge Engoron and Letitia James should be forced to explain why he ruled that Mar-a-Lago was worth $18,000,000 when, in fact, it is worth from 50 to 100 times that amount. How did the Attorney General of the State of New York force this Corrupt Judge to do that in order to help her narrative – AND WHY?
The New York Court of Appeals has embarrassed #LetitiaJames by reducing Trump’s Bond requirement to 175 million dollars!
— LeoTerrell (@TheLeoTerrell) March 25, 2024
As Trump entered the New York courtroom Monday morning, he gave a short statement to reporters: “This is a witch hunt and a hoax.”
President Trump: “This is a witch hunt–it’s a hoax.” pic.twitter.com/peJMzgEpog
— MAGA War Room (@MAGAIncWarRoom) March 25, 2024
BREAKING: Court agrees to block collection of Trump’s $454 million civil fraud judgment if he puts up $175M https://t.co/B63VclVip8
— The Associated Press (@AP) March 25, 2024
The post BREAKING: NY Appeals Court issues ruling on $454 MIL civil fraud judgement against Trump [Trump releases statement] appeared first on Dennis Michael Lynch.
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