Friday, April 26, 2024

Appeals Court Reduces Trump’s Civil Fraud Judgment Significantly

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On Monday, a Appeals Court extended the deadline by 10 days for to post his bond to satisfy the civil fraud judgment and cut the necessary amount to $175 million.

 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 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.

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 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.”

Nancy Jackson
Nancy Jackson
Nancy grew up in the South where her passion for politics first began. After getting her BA in journalism from Ole Miss she became an arts and culture writer for Athens Magazine where she enjoyed reporting on the eclectic music and art scene in Athens, GA. However, her desire to report on issues and policies impacting everyday Americans won out and she packed her bags for Washington, DC. Now, she splits her time between the Nation’s Capital and Philadelphia where she covers the fast-paced environment of politics, business, and news. In her off time, you can find Nancy exploring museums or enjoying brunch with friends.

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