{"id":2184348,"date":"2024-02-22T19:33:01","date_gmt":"2024-02-23T00:33:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/judge-denies-trumps-request-to-delay-355-million-payment\/"},"modified":"2024-02-22T19:35:50","modified_gmt":"2024-02-23T00:35:50","slug":"judge-denies-trumps-request-to-delay-355-million-payment","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/judge-denies-trumps-request-to-delay-355-million-payment\/","title":{"rendered":"Judge rejects Trump&#8217;s bid to postpone $355 million payment"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjudge-denies-trumps-request-to-delay-355-million-payment%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2184348&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>New York Judge Rejects Trump&#8217;s \u2063Request to Delay $355 Million Payment<\/h2>\n<p>In a blow to former President Donald Trump, New York Judge Arthur Engoron has\u2063 denied his request for a 30-day extension to pay the nearly $355 million he owes. Engoron dismissed the defendants&#8217;\u200b claim that they needed more time\u200b to file a counter-judgment, stating that \u2064they failed to \u200bprovide any \u200cvalid justification for the delay.<\/p>\n<p>Trump&#8217;s lawyers had argued that \u200dNew York Attorney General \u2062Letitia James was rushing to finalize the judgment, but Engoron dismissed these concerns. In a letter to Trump&#8217;s defense lawyer, Engoron emphasized that the Appellate Division would protect their rights \u2064to appeal.<\/p>\n<p>Under Engoron&#8217;s ruling, Trump and his legal team have 30 days to file a bond and appeal the decision. A monitor \u2064will\u200d oversee the\u200d process, including the\u200b transfer of assets.<\/p>\n<p>This development follows Engoron&#8217;s previous order for\u200b Trump and his organization to pay over $354 million in damages and imposed \u200da three-year\u2064 ban on Trump serving as \u200ban \u200dofficer or director of \u200dany New York corporation \u2064or legal entity. Engoron had found\u200c that Trump had inflated\u2062 his net worth and that of his company to secure \u200dmore <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/letitia-james-threatens-to-take-trumps-crown-jewel-if-he-cant-pay-penalty\/\" title=\"Letitia James warns of seizing Trump's prized possession if penalty remains unpaid\">favorable loan agreements<\/a>, \u200ca claim Trump vehemently denies.<\/p>\n<p>While the initial order\u200b required Trump to pay $354.8 million, the inclusion of interest means he will\u2063 now have to pay\u200d over $450 million. Attorney General James has warned that if Trump fails to pay the full amount, \u200cshe \u200bwill seek a judge&#8217;s approval \u2063to seize some\u200b of his \u200dassets, including his iconic \u200dskyscraper, 40 \u2064Wall\u2064 Street.<\/p>\n<p>In addition to the financial repercussions, Trump&#8217;s sons, Donald Trump\u200d Jr. and Eric Trump, are also prohibited from conducting\u2062 business in New York for two years.<\/p>\n<p> <\/p>\n<h2> What is the \u200ctimeframe given to Trump \u200cand his \u2063legal team to file a bond \u2062and appeal the decision?<\/h2>\n<p><span>  Title: New \u200cYork Judge Rejects \u2063Trump&#8217;s Request to\u2064 Delay $355\u2063 Million\u200c Payment<\/p>\n<p>Introduction<\/p>\n<p>In a \u2062significant blow to former President Donald \u2064Trump, New York Judge Arthur Engoron has dismissed his request for a 30-day extension to pay the nearly $355 million he owes. This rejection \u200dcomes as a setback\u200b to \u200dTrump&#8217;s\u2064 legal \u2063team, who argued \u2064that more \u2062time was needed to file\u2063 a\u2064 counter-judgment. However, \u200dthe judge found no valid justification for the delay and denied the request.<\/p>\n<p>Denial \u200dof\u2064 Request and \u2064Dismissal of Concerns<\/p>\n<p>Judge Engoron\u2064 refuted the defendants&#8217; claim that they <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/samuel-alitos-supreme-court-financial-disclosure-form-released-after-extension-request\/\" title=\"Samuel Alito's Supreme Court financial disclosure form released after deadline extension.\">required additional time<\/a>\u200b to file a \u200bcounter-judgment. He emphasized that the Appellate Division would protect their rights to \u200dappeal, thereby <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hunter-biden-investigation-gop-says-doj-shut-down-potential-campaign-finance-prosecution\/\" title=\"GOP claims DOJ ended potential campaign finance prosecution in Hunter Biden investigation.\">dismissing concerns raised<\/a> by Trump&#8217;s lawyers \u2064that New York Attorney General Letitia James was rushing \u200cto finalize the judgment.<\/p>\n<p>Ruling and Appeal Process<\/p>\n<p>Under Engoron&#8217;s ruling, Trump and his legal team have 30\u200b days\u200c to file a \u2063bond and appeal the\u2064 decision. To ensure fairness, a monitor will oversee the process, including the transfer of assets. This decision follows Engoron&#8217;s previous order\u2063 that Trump and \u200dhis organization\u2062 pay over $354\u200b million in\u200b damages and \u200bimposed\u2062 a three-year ban\u200c on \u2062Trump\u200c serving as an\u200c officer or director of any \u2063New York \u200dcorporation or legal \u2064entity.\u2064 The \u200cjudge determined that\u2063 Trump had inflated his net worth and \u2063that\u2064 of his company to secure more favorable loan\u200d agreements, a\u2063 claim Trump vehemently denies.<\/p>\n<p>Increased Financial Obligations and Asset\u200c Seizure Warning<\/p>\n<p>With the inclusion of interest, Trump&#8217;s financial obligations \u2062now exceed $450 million. New \u200bYork Attorney General \u2064James has warned that if \u200bTrump \u2063fails to pay the full \u200bamount,\u2063 she will petition a judge&#8217;s approval to seize some of\u2063 his assets,\u200c including his iconic skyscraper,\u2063 40 Wall Street.\u2062 These \u200bpotential repercussions heighten the financial stakes for Trump.<\/p>\n<p>Prohibition on\u2064 Business Activities for Trump&#8217;s Sons<\/p>\n<p>Aside from the financial consequences faced by Donald Trump, the\u2064 ruling also includes a prohibition on his sons, Donald Trump Jr. and Eric Trump, conducting business in New \u2062York for two years. This additional measure reinforces\u2062 the severity \u200dof the ruling and its\u2062 implications for \u2062Trump and his family.<\/p>\n<p>Conclusion<\/p>\n<p>Judge Engoron&#8217;s denial of the request for a payment\u2062 extension amplifies the pressure on\u200b Donald Trump to fulfill his financial obligations. With the \u2063inclusion of a monitor overseeing\u200b the\u2063 appeal process and the \u2064possibility of asset seizure, the\u2062 consequences for Trump are significant. Additionally,\u2064 the\u2063 prohibition on business \u2062activities for\u200b his sons \u200dfurther showcases \u200cthe <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kushner-nominated-for-nobel-peace-prize\/\" title=\"Kushner Nominated for Nobel Peace Prize\">wide-ranging impact<\/a> \u200cof this ruling. As the legal proceedings continue, the financial and reputational\u200d implications \u2062for the former president remain \u200bsignificant.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Time to review the case. However, Judge Engoron dismissed their argument, stating that they had not provided any valid reasons for the delay. As a result, Trump is still required to pay the outstanding $355 million within the original timeframe<\/p>\n","protected":false},"author":2643,"featured_media":2184349,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/AP24011489042400-scaled.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2184348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/AP24011489042400-scaled.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2184348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2643"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2184348"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2184348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2184349"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2184348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2184348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2184348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}