Trump fears he may have to “sell Great Assets, perhaps at Fire Sale prices”
Former President Donald Trump lashed out at the judge who imposed a $450+ million penalty in his New York fraud case after his lawyers admitted he was unable to secure a bond to appeal the case.
Trump’s lawyers on Monday asked a New York appeals court to stay the enforcement of the judgment in his fraud case, saying it has been impossible to secure a bond necessary to appeal the judgment after approaching 30 different underwriters.
The former president lashed out at the judge on Truth Social after the filing.
“Engoron wants me to put up the ridiculous fine (I DID NOTHING WRONG!) before I get a chance to Appeal his crazed ruling - A first!” Trump falsely wrote. New York law requires a defendant to put up the full judgment amount with interest in order to appeal a civil judgment.
This isn’t bail. This is a judgement against him that he is required to pay. What he wants to do is appeal the judgement, but to appeal he has to put up the money first. It’s like in My Cousin Vinny where Vinny refused to kick that guy’s ass until he had the $200, and the guy tried to pretend a roll of singles was the full amount.
Trump needs to show the government he has the money before he can appeal the ruling. If he can’t, they can begine seizing his assets and selling them until the debt is paid. .