So finally some good news in the NYC trial against President Donald Trump today as this was the deadline for him to post that outrageous and downright illegal bond amount of nearly half a BILLION SPACE BUCKS! No wait "AMERICAN BUCKS!" For what? No crimes committed, no victim, and a scam fake trial based on lies by Tooshy James and Crooked Arthug EngerMoron. These two devils have hate for Trump so they lied, and ran a sham trial from day 1... This whole case is based on LIES made up by a weaponized court to do anything needed to stop Trump before the election...
So the N.Y. appeals court reduces Trump's bond in his civil fraud case to $175 million which is stil la staggering amount considering there was no victims, and no crimes done here BUT it's a victory for the former president in many ways as the court also gave Trump an additional 10 days to post the bond, which the former president said Monday he would pay. This is much better than Half A BILLION for sure but again why is this even a case? Why was this allowed to even take place has been my question from the start. When there is no case brought by anyone, no victims, and nothing but clear lies by LeTooshy James & Arthur EngeryMoron.
This whole case needs to be overthrown in appeal and James and the Moron judge belong in prison.
So the state appeals court finally ruled Monday that Donald Trump and his co-defendants in the New York civil fraud case have 10 days to post a $175 million bond, down from the $464 million judgment that was originally due. This last minute ruling from a panel of state Appellate Division judges, all appointed by Democratic governors, is a major victory and relief for the former president, whose attorneys had said coming up with the larger bond was a “practical impossibility.” The ruling also means state Attorney General Letitia James’ office cannot yet begin collecting on the judgment.
“I greatly respect the decision of the appellate division and I’ll post the $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 in front of cameras after he left a New York courtroom for a hearing in the hush money case. Before Monday’s ruling, Trump was liable for $454 million, most of the fraud judgment, but the amount he owed had been increasing by more than $111,000 a day because of added interest. Trump claimed on social media Friday that he had nearly $500 million in cash that he had planned to use toward his 2024 presidential campaign.
He spoke about the idea last week of mortgaging or selling off his properties, saying he would be forced to do so at “Fire Sale prices.” His lawyers noted in court filings that bond companies typically “require collateral of approximately 120% of the amount of the judgment” which in this case would total about $557 million. Trump's lawyers said in one filing a week ago that they hadn’t been able at that point to secure a bond, and believed it was “a practical impossibility.” They said that they approached 30 surety companies through four separate brokers, trying to negotiate with the world’s largest insurance companies.
The other bond companies will not “accept hard assets such as real estate as collateral,” but “will only accept cash or cash equivalents (such as marketable securities),” his lawyers said and than asked the state appeals court to either reduce the amount of money he had to post or stay the award without him posting any security while he appeals Engoron’s order. The decision Monday also puts a stay on the part of the original judgment that barred Trump from serving as a public officer of a company, as well as the prohibitions placed on Weisselberg, McConney, Donald Trump Jr. And Eric Trump.
The court did not grant requests from Trump to prohibit the independent monitor or installing an independent director of compliance. The AG's office brushed off Monday's ruling in a statement, saying: "Donald Trump is still facing accountability for his staggering fraud. The court has already found that he engaged in years of fraud to falsely inflate his net worth and unjustly enrich himself, his family, and his organization. The $464 million judgment plus interest against Donald Trump and the other defendants still stands."
Trump celebrated the ruling in a post on Truth Social, attacking Engoron and reiterating that he believes he did nothing wrong. Speaking to reporters outside an unrelated hearing in his New York criminal case, he called Engoron "a disgrace to this country." Alina Habba, the former president's lawyer in the civil fraud case, said in a statement, “We are extremely pleased with the ruling issued by the Appellate Division. This monumental holding reigns in Judge Engoron’s verdict, which is an affront to all Americans. This is the first important step in fighting back against Letitia James and her targeted witch hunt against my client which started before she ever stepped foot in office."
Trump told Fox News on Friday that he would appeal Engoron's ruling "all the way to the U.S. Supreme Court if necessary." He must first go through the state appeals court process before he can bring that challenge before the justices. Trump has valued his brand at over $10 billion, but a 2021 financial statement put his net worth $4.5 billion. He has said that most of his assets are in real estate not cash or stock saying at a deposition in the fraud case last year, that he had “substantially in excess of $400 million in cash.”
Now in some good timing Trump may have some financial help coming his way in the near future as on Friday, shareholders in Digital World Acquisition Corp. voted to approve a merger with the former president's Trump Media & Technology Group, the private firm that owns his social media platform Truth Social. Shares in the newly combined company, Trump Media, could begin to be publicly traded this week, and Trump would have nearly 80 million shares, estimated to be worth around $3 billion.
Under the terms of the merger, Trump is prohibited from selling shares in the merged company for at least six months, but the board of directors, which will likely include his eldest son, Donald Trump Jr., could vote to allow him to sell shares earlier than that.
