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    arthur engoron

    Donald Trump arraignment

    NY Appeals Court Delivers Reprieve for Trump on $454 Million Bond

    "They sure let him twist in the wind until the last moment," said one legal expert.

    Julia Conley
    Mar 25, 2024

    As the deadline arrived Monday for Donald Trump to pay a $454 million bond following a New York judge's ruling that the former Republican president and his company committed fraud, an appeals court in the state ruled that Trump would be permitted to post a vastly reduced amount.

    The appeals court panel said the presumptive 2024 GOP presidential nominee could pay $175 million after the former president indicated he was unable to pay the full amount, having sought the bond from more than two dozen surety companies.

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    donald trump
    The main entrance of Trump Tower

    Major Asset Seizure Likely as Trump Can't Afford Bond for NY Fraud Case

    "Trump owes this money because he fraudulently misrepresented the value of his assets—and now (oops) apparently no one will accept those assets as collateral."

    Julia Conley
    Mar 18, 2024

    Less than a month after New York Attorney General Letitia James said she would be willing to seize former Republican President Donald Trump's assets if he is unable to pay the $464 million required by last month's judgment in his civil fraud case, Trump's lawyers disclosed in court filings Monday that he had failed to secure a bond for the amount.

    In the nearly 5,000-page filing, lawyers for Trump said it has proven a "practical impossibility" for Trump to secure a bond from any financial institutions in the state, as "about 30 surety companies" have refused to accept assets including real estate as collateral and have demanded cash and other liquid assets instead.

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    donald trump
    Donald Trump

    Trump Fined $355 Million in New York Civil Fraud Case

    A New York judge wrote the ex-president and his organization showed a "complete lack of contrition and remorse," bordering on "pathological."

    Julia Conley
    Feb 16, 2024

    Noting that Donald Trump and his real estate company "are incapable of admitting the error of their ways," New York State Supreme Court Justice Arthur Engoron on Friday ordered Trump and his associates to pay $364 million in fines and barred the former U.S. president from "serving as an officer or director of any New York corporation or other legal entity in New York for a period of three years."

    Trump and his company are responsible for $355 million; his adult sons, Donald Trump Jr. and Eric Trump, owe $4 million each; and longtime executive Allen Weisselberg was fined $1 million.

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    donald trump

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