On Monday, a New York Appeals Court extended the deadline by 10 days for Donald Trump to post his bond to satisfy the civil fraud judgment and cut the necessary amount to $175 million.
“We will abide by the decision of the Appellate Division, and post either a bond, equivalent securities, or cash,” Trump wrote on Truth Social.
CNN reports:
It’s a major lifeline for the former president, who, along with his adult sons and his company, were fined more than $464 million, including interest, after Judge Arthur Engoron found Trump and his co-defendants fraudulently inflated the value of his assets.
The ruling staves off the prospect, for now, of New York Attorney General Letitia James seeking to seize the former president’s property to enforce the judgement against him.
Trump had been struggling to come up with the means to post the $464 million bond, the total that he would have needed before Monday’s appellate decision.
Judge Engoron’s ruling ordered Trump to pay nearly $355 million, Donald Jr. and Eric to each pay $4 million, and ex-Trump Org chief financial officer Allen Weisselberg to pay $1 million. The order also barred Trump from serving as a corporate officer or a director of a company in New York for three years, and barred his sons for two years. The Trumps did avoid the so-called “corporate death penalty;”
New York Attorney General Letitia James said that if Trump fails or refuses to pay the $354.8 million fine, plus roughly $100 million in interest, she will seize his assets – including his properties.
Former White House press secretary Stephanie Grisham proposed a list of properties former President Trump would be most disappointed to have seized if he cannot pay the damages in his civil fraud case.
“I think if it were to happen, 40 Wall Street is probably the one that he would … I mean, he would hate it,” Grisham told CNN’s Erin Burnett on Monday. “But I think if she tried to seize Mar-a-Lago or Bedminster or Trump Tower even — I mean, those are his babies.”
“You’ve got the Sterling golf course in Virginia. Any of the properties with golf courses, I think, would absolutely devastate him,” Grisham, who worked under the Trump administration, added. “It will be interesting to see what [New York Attorney General Letitia James] goes for.”
Article Published With The Permission of Great America News Desk.
