Trump lost his appeal as a judge ruled he must provide $454 million to post bond to appeal the fraud ruling against him.
CNN reported:
Former President Donald Trump must provide the full amount of bail to cover his $454 million verdict in his civil fraud trial, an appeals court judge ruled Wednesday.
Associate Justice Anil Singh, however, lifted the ban on Trump’s ability to obtain loans from a New York bank, which could allow him to access the capital of his assets to support the full amount of the bonds.
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Singh denied Trump’s request to delay his obligation to pay $454 million until a full appeals panel hears his motion to stay enforcement of that judgment until his appeals of the ruling on civil fraud will not be terminated.
Trump doesn’t get a reprieve or delay. If he wants to appeal, he must provide $454 million. Any bank crazy enough to lend Trump another $454 million with the state of New York is considering seizing his property because apparently he doesn’t have the money to pay the fraud judgment, he’ll get what he deserves.
The current appeal is not an appeal against the fraud verdict. This is an appeal on the bail amount. Trump is trying to reduce the bail amount, but in the meantime interest of over 100 thousand dollars a day accrues on the sentence,
If Trump wants to appeal the fraud verdict, he will have to provide $454 million, as his attempt to reduce bail was rejected in court.
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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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