In a new court filing, Trump’s lawyers admitted that he was willing to post $100 million bail, but does not have the money to post the entire $454 million bail.
Can Trump post New York fraud bail?
The AP reported:
Donald Trump’s lawyers told the New York appeals court on Wednesday that the president is prepared to post a $100 million bond to stop collection of his staggering civil fraud fine, arguing that the verdict’s provisions make it impossible for the former president to secure bail for the full amount.
Trump’s lawyers have made the bid in court papers asking the state’s midlevel appeals court for an order barring New York Attorney General Letitia James’ office from enforcing the $454 million judgment while his appeal is ongoing. Trump would have to publish the full amount to automatically suspend collection.
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James’ office opposes Trump’s plan, saying his lawyers have all but admitted he has “insufficient liquidity to satisfy the judgment.”
Trump’s lawyers admit he can’t find the cash to post bail to make a real appeal, so they came up with the idea of trying to appeal the bail. Attorney General James has already said he will seize Trump’s assets if he doesn’t pay.
We now know that Donald Trump doesn’t actually have the money to pay New York State, which means HR probably also doesn’t have the money to be able to appeal E. Jean Carroll’s ruling.
What has long been suspected seems to have been confirmed. Donald Trump does not have the kind of real wealth he has claimed to have for decades.
If Trump doesn’t win the bond appeal, Letitia James and the state of New York could soon own some new buildings.
Jason is the managing editor. He is also a member of the White House press pool and a congressional correspondent for PoliticusUSA. Jason has a bachelor’s degree in political science. His graduate work focused on public policy, with a specialization in social reform movements.
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