{"id":2188263,"date":"2024-02-28T23:25:02","date_gmt":"2024-02-29T04:25:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/judge-denies-trumps-bid-to-post-100m-bond-instead-of-over-450m-penalty-in-civil-fraud-case\/"},"modified":"2024-02-28T23:27:28","modified_gmt":"2024-02-29T04:27:28","slug":"judge-denies-trumps-bid-to-post-100m-bond-instead-of-over-450m-penalty-in-civil-fraud-case","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/judge-denies-trumps-bid-to-post-100m-bond-instead-of-over-450m-penalty-in-civil-fraud-case\/","title":{"rendered":"Judge rejects Trump&#8217;s request for $100M bond, orders $450M penalty in fraud case"},"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\">26<\/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-bid-to-post-100m-bond-instead-of-over-450m-penalty-in-civil-fraud-case%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=2188263&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--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">(Photo\u2062 by Anna Moneymaker\/Getty Images)<\/figcaption><\/figure>\n<h2>An Appeals Court\u2064 Judge Denies\u2063 Trump&#8217;s Request to Reduce Bond in Civil Fraud Case<\/h2>\n<p>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/abril-elfi\" target=\"_blank\" rel=\"noreferrer noopener\">Abril Elfi<\/a><br \/>6:20 PM \u200b\u2013 Wednesday, February 28, 2024<\/p>\n<p>In a blow to former President Donald Trump, an appeals\u200d court judge has rejected his attempt to lower the bond amount in his civil fraud case from over $450 \u2062million \u200dto $100 million. Trump had\u200c also requested a hold on the\u200d judgment. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Earlier in the day,\u200c Trump had\u200c hinted that he lacked the funds to prevent the judgment from being\u2063 enforced. He asked the\u2064 appeals court to place a hold on\u200d the financial penalty and \u200dother\u2063 penalties imposed by\u200b Justice Arthur Engoron, who found that Trump had misrepresented his personal \u200dwealth and real\u2063 estate holdings.<\/p>\n<p>The New \u200cYork appeals\u200b court, \u2064specifically\u2062 the First Department\u2064 of the Appellate Division,\u200c will now \u200dconsider whether to halt the judgment while Trump pursues his appeal. Associate \u200dJustice Anil Singh&#8217;s interim ruling \u2064on Wednesday denied Trump&#8217;s main request but delayed one of Engoron&#8217;s penalties, a three-year prohibition \u2063on Trump \u200dobtaining a loan from a New York bank.<\/p>\n<p>This means that Trump \u2064can request \u2063an appeal bond to cover the entire fine,\u2063 which would prevent any collection attempts while the appeals process is ongoing.<\/p>\n<p>Trump&#8217;s lawyers argued that the \u200bloan restriction and the associated costs\u2062 and \u200dfees of the bond would make it impossible\u200b for him to secure and post a complete bond, estimating the total expense to exceed\u200b $550 million.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>&#8220;The exorbitant and punitive amount of the Judgment coupled with an unlawful and unconstitutional blanket prohibition on lending transactions would make\u2063 it impossible to secure and post \u200ca \u2062complete bond,&#8221; Trump&#8217;s lawyers wrote.<\/p>\n<\/blockquote>\n<p>Instead, Trump&#8217;s attorneys \u200dproposed a $100 million \u2063bond, significantly lower than the\u2063 usual requirement to halt \u2062the judgment&#8217;s enforcement.<\/p>\n<p>Meanwhile, New York Attorney General Letitia James, \u2063who filed the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/team-trump-fires-back-at-ny-ag-lawsuit\/\" title=\"Team Trump Fires Back at NY AG Lawsuit\">civil fraud lawsuit<\/a> against Trump, \u2063stated that \u2064she could seize his properties or bank accounts if he fails to secure\u2064 a full bond or provide the necessary funds \u2064himself.<\/p>\n<p>Stay informed! Receive breaking\u2063 news blasts directly to\u200c your inbox for free. Subscribe here. <a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\tShare this post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The Supreme Court will rule on Trump&#8217;s claim of Presidential Immunity in Jack\u2064 Smith&#8217;s J6 case, Uncommitted over performs in Michigan while Mitch McConnell flies the coop.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Fentanyl, Homelessness, and Illegal Immigration are overwhelming San Diego. One America&#8217;s Stella Escobedo is joined by Retired U.S. \u2064Marine Giorgio Kirylo,<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Tv Host Dr. Phil speaks\u200b on school \u200bclosures\u200d during the\u2062 pandemic and how officials handled COVID. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Experts are warning that the Chinese illegals pouring over our\u200c southern border are likely spies\u2062 for communist China \u2063and could\u2062 be preparing for an attack on U.S. infrastructure. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Google&#8217;s CEO \u2064addresses concerns over biased responses from the Gemini AI tool, promising improvements and a \u2062relaunch.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Apple has \u200dcanceled work on its electric car, a source familiar with the matter told Reuters on Tuesday, a decade after the iPhone maker kicked\u200c off the project.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Bitcoin hit a \u2063two-year high\u2062 on Tuesday, on track for its biggest two-day rally this year.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>February \u206227, 2024 \u2013 3:08 AM PST (Reuters) \u2013 Buoyed\u200b by the successful\u00a0launch\u00a0of U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-army-axing-thousands-of-jobs-nearly-5-of-force\/\" title=\"U.S. Army cutting thousands of jobs, about 5% of its force\">bitcoin\u200b exchange-traded funds<\/a> (ETFs), asset managers are lining\u2026 <\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> \u2064How is Trump&#8217;s legal team \u2064navigating the\u200c financial aspects of the case?<\/h2>\n<p><span>  O your inbox.<\/p>\n<p>Trump&#8217;s civil fraud case \u200cstems from allegations\u2064 that he inflated his net\u2062 worth and the value of his real estate holdings in order to secure loans \u200band other financial benefits. The case has been ongoing for several years, and Justice Arthur Engoron recently ruled against Trump, imposing the $450 million bond and other penalties.<\/p>\n<p>In his appeal, Trump argued that the \u200dbond amount was excessive and unfair, claiming that it \u2062would\u200d be impossible for him to secure and post the full amount. His lawyers proposed a reduced bond \u200dof\u2063 $100 million, arguing that this would be a more reasonable requirement. However, the appeals court judge, Anil Singh, denied Trump&#8217;s request to lower the bond amount.<\/p>\n<p>While \u200dthe judge denied\u2064 the request to lower the bond, he did delay one of the penalties imposed\u2063 by Justice Engoron -\u2062 a three-year prohibition on Trump obtaining a \u2064loan from\u2063 a New\u2063 York bank. This gives Trump some temporary relief while the appeals process is ongoing.<\/p>\n<p>Trump&#8217;s \u2063lawyers expressed concern\u2063 that the high bond amount and the loan restriction would make it impossible for him to secure and \u2062post a complete \u200bbond. They argued that the expenses and fees associated with the bond would exceed $550 million, making it financially burdensome for Trump.<\/p>\n<p>On the other hand, New York Attorney General \u2062Letitia James, who\u2064 filed the civil fraud lawsuit against Trump, \u200dstated that she has the\u200c power to seize Trump&#8217;s properties or bank accounts if he\u200d fails to secure a full \u200cbond or provide the necessary funds himself.<\/p>\n<p>Overall,\u2063 this ruling by the appeals court judge is a setback for Trump in his civil fraud case. It highlights the financial challenges\u2062 he may \u200cface \u200cin attempting to \u200bappeal the judgment and defend himself against the allegations of fraud. The appeals court \u200cwill now consider whether \u200dto halt the judgment while Trump pursues his appeal, providing a crucial next step in the legal process.<\/p>\n<p>As the case continues to unfold, it will\u200d be interesting to see how Trump&#8217;s legal team navigates the financial aspects of the case and whether they are able\u2064 to secure a bond or find alternative solutions to the\u2064 high \u200dmonetary demand.\u2063 The outcome \u2064of this civil fraud case will have significant implications for Trump&#8217;s financial standing and \u200dreputation.<\/p>\n<p>Subscribe now to stay informed on the latest developments in this case and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/defense-secy-austin-u-s-has-people-on-the-ground-to-help-israel-with-efforts-to-free-hostages\/\" title=\"US Defense Secretary Austin: We have personnel aiding Israel in hostage liberation.\">receive breaking news updates directly<\/a> to your inbox.<\/p>\n<\/div>\n<p><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>That he would run for president again in 2024, but this legal setback may impact his plans. The case involves allegations of fraud related to Trump&#8217;s business dealings. The denial of his request for a reduced bond and a hold on the judgement means he will have to face the legal proceedings as they stand<\/p>\n","protected":false},"author":2196,"featured_media":2188264,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/c3.oann.com\/wp-content\/uploads\/2024\/01\/GettyImages-1258589587-scaled-e1704742194888.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2188263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/c3.oann.com\/wp-content\/uploads\/2024\/01\/GettyImages-1258589587-scaled-e1704742194888.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2188263","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\/2196"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2188263"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2188263\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2188264"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2188263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2188263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2188263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}