{"id":6178,"date":"2024-02-20T13:13:37","date_gmt":"2024-02-20T18:13:37","guid":{"rendered":"https:\/\/greatamericanewsdesk.com\/?p=6178"},"modified":"2024-02-20T13:13:39","modified_gmt":"2024-02-20T18:13:39","slug":"report-trump-must-pay-nearly-half-billion-dollars-before-appealing-new-york-ruling","status":"publish","type":"post","link":"https:\/\/greatamericanewsdesk.com\/news\/report-trump-must-pay-nearly-half-billion-dollars-before-appealing-new-york-ruling\/njackson\/2024\/02\/","title":{"rendered":"Report: Trump Must Pay Nearly Half-Billion Dollars Before Appealing New York Ruling"},"content":{"rendered":"\n

Before Donald Trump can appeal Judge Arthur Engoron’s ruling he must pay nearly half a billion dollars as a bond to New York State.<\/p>\n\n\n\n

Last week, the judge ordered Trump to pay $354 million in fines, $450 million with interest, after New York Attorney General sued Trump under and obscure New York fraud statute.<\/p>\n\n\n\n

Jonathan Turley points out<\/a> another astonishing fact at the New York Post<\/em>: before he can appeal, Trump must pay the whole fine:<\/p>\n\n\n\n

\n

Under New York law, Trump cannot appeal this ruling without depositing the full amount, including interest, in a court account. Even for Trump, $455 million is hard to come by. Likewise, a bond would require a company to guarantee payment for a defendant who has been barred from doing business in New York and is facing the need to liquidate much of his portfolio.<\/p>\n\n\n\n

Nothing succeeds like excess for judges like Engoron. By imposing this astronomical figure, he can make it difficult or impossible for a defendant to appeal, absent declaring bankruptcy or selling off assets at distress prices.<\/p>\n\n\n\n

The excessive fine and its basis raise serious statutory and constitutional questions. Many of us believe it should be substantially reduced or tossed out entirely.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Before Donald Trump can appeal Judge Arthur Engoron’s ruling he must pay nearly half a billion dollars as a bond to New York State. Last week, the judge ordered Trump to pay $354 million in fines, $450 million with interest, after New York Attorney General sued Trump under and obscure New York fraud statute. Jonathan […]<\/p>\n","protected":false},"author":2,"featured_media":4399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[828,995,8,120,84],"class_list":["post-6178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-arthur-engoron","tag-business-fraud","tag-donald-trump","tag-letitia-james","tag-new-york"],"yoast_head":"\nReport: Trump Must Pay Nearly Half-Billion Dollars Before Appealing New York Ruling - Great America News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/greatamericanewsdesk.com\/news\/report-trump-must-pay-nearly-half-billion-dollars-before-appealing-new-york-ruling\/njackson\/2024\/02\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Report: Trump Must Pay Nearly Half-Billion Dollars Before Appealing New York Ruling - Great America News Desk\" \/>\n<meta property=\"og:description\" content=\"Before Donald Trump can appeal Judge Arthur Engoron’s ruling he must pay nearly half a billion dollars as a bond to New York State. 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