A New York appeals court has blocked the collection of Donald Trump's fraud judgment, ruling that he has 10 days to post a $175 million bond.

Donald Trump was supposed to have to post a $464 million bond by Monday or else the state of New York could begin collecting on the massive civil fraud judgment leveled against him earlier this year. An appeals court bailed him out, blocking collection of the judgment and giving the former president 10 days to post a drastically reduced $175 million bond.

The order is a huge win for Trump, whose assets were going to be subject to seizure if he couldn’t post nearly half-a-billion dollars by Monday. His lawyers said last week he wasn’t going to be able to come up with the money after 30 underwriters rejected him. The New York Times has reported that Trump is expected to be able to scrounge the new, reduced $175 million bond

  • fine_sandy_bottom@discuss.tchncs.de
    0·
    6 months ago

    I guess there’s a problem in that he needs the money in order to appeal.

    Like everyone should have some right of appeal, and saying someone can’t appeal because they’re broke could be used to manipulate the justice system.

    He still has to pay the whole amount if he loses the appeal.

    • CaptDust@sh.itjust.works
      0·
      6 months ago

      The whole point of the bond is to prevent pointless appeals in the court (which I have to assume this will be) and, more importantly, serves as a guarantee the defendant will fulfill their obligations and pay at the end of an appeal failure, which … trump is absolutely a risk of not paying. And these judges have now effectively cast the guarantee aside.