{"id":2201214,"date":"2024-03-18T14:11:02","date_gmt":"2024-03-18T18:11:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trumps-464-million-bond-is-practical-impossibility-to-pay-lawyers\/"},"modified":"2024-03-18T14:14:43","modified_gmt":"2024-03-18T18:14:43","slug":"trumps-464-million-bond-is-practical-impossibility-to-pay-lawyers","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trumps-464-million-bond-is-practical-impossibility-to-pay-lawyers\/","title":{"rendered":"Trump&#8217;s $464 million bond payment is deemed &#8216;virtually impossible&#8217; by attorneys"},"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\">22<\/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%2Ftrumps-464-million-bond-is-practical-impossibility-to-pay-lawyers%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=2201214&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>The Multimillion-Dollar Challenge Facing Donald \u2062Trump<\/h2>\n<p>In what can only be described as a tangled financial showdown, <strong>former President Donald Trump faces a daunting hurdle<\/strong> in\u200c the New York courts.\u2062 According to \u200da \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/judge-orders-l-a-to-offer-housing-to-homeless-population-on-skid-row-says-city-and-county-created-a-legacy-of-entrenched-structural-racism\/\" title=\"Judge Orders L.A. To Offer Housing To Homeless Population On Skid Row, Says City And County \u2018Created A Legacy Of Entrenched Structural Racism\u2019\">recent court filing<\/a>, Trump is grappling with the mammoth \u200dtask\u200c of securing a bond\u2063 to cover hefty \u200dpenalties from a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-hit-with-limited-gag-order-in-2020-election-interference-case-by-dc-judge\/\" title=\"DC judge imposes limited gag order on Trump in 2020 election interference case.\">civil fraud \u200ccase<\/a>.<\/p>\n<p>At stake is an eye-watering $464\u2063 million, which includes fines levied \u2062against Trump and his former associates from the Trump Organization. Despite his \u200dappeal against\u2063 the ruling, \u200dthe \u2062clock is ticking for \u200dTrump \u200bto provide full financial assurance\u2062 by March 25. Normally, <strong>posting a \u200cbond<\/strong> \u200cwould be the remedy\u2062 for Trump to\u200c shield his finances while the \u200cappeal is ongoing.<\/p>\n<blockquote><p>\u201cThe practical impossibility\u2062 of obtaining \u200ba bond interferes with Defendants\u2019 right to appeal and threatens this Court\u2019s appellate \u200bjurisdiction,\u201d declared Trump\u2019s \u200blegal team.<\/p><\/blockquote>\n<h3>The Bonding Conundrum<\/h3>\n<p>Trump&#8217;s attorneys face a stark reality: \u2062the \u2062scarcity of bonding companies willing to \u200dunderwrite such a gargantuan sum. \u2063They&#8217;ve\u200b petitioned the appellate division of the New York Supreme Court, seeking \u2064to put a hold\u200d on the judgment handed down by\u2064 Judge Arthur\u200b Engoron. Moreover, they highlighted\u2064 that it&#8217;s common practice to waive or reduce bonds for appeals when\u2062 they&#8217;re impractically\u2064 steep.<\/p>\n<p>Though Trump boasts a net worth surpassing $2.6 billion, his liquidity hovers around $413 million, cites\u2064 Forbes. To meet the civil\u2062 fraud case&#8217;s demands, his lawyers warn, would necessitate <strong>asset liquidation at calamitous losses<\/strong>\u2014constituting \u200dan &#8216;irreparable\u2063 injury.&#8217;<\/p>\n<h3>The \u200bGravity of the Case<\/h3>\n<p>Last month saw Judge Engoron side with Attorney General Letitia James, inflicting the hefty financial penalties on Trump \u200bafter concluding the president had\u2063 inflated his net worth to secure\u2064 better loan terms. Trump&#8217;s defense\u200c team\u200c has since lambasted the punishment\u2064 as &#8216;excessive and unconstitutional,&#8217; doubting its perseverance in higher courts.<\/p>\n<p>The penalties are so severe that failing\u200d to\u200d satisfy them \u200bby\u200c the impending deadline could prompt James to initiate \u200casset\u200c seizures \u200bin New\u2062 York as means of\u2063 collection.<\/p>\n<p>In the midst of this financial fray, Trump has concurrently met a separate, however substantial, bond of $91 million\u2063 in a\u2063 defamation\u2064 case brought forth by E. Jean Carroll\u2014a \u200ccase that, much like the \u200dcurrent \u2062one, he is also appealing.<\/p>\n<p>As the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/abortion-support-reaches-a-high-as-topic-holds-more-weight-post-roe-v-wade\/\" title=\"Abortion support reaches a high as topic holds more weight post-Roe v. Wade\">legal battles intensify<\/a>, the nation watches to see whether Trump\u2062 can navigate\u2063 through this fiscal minefield. His legal maneuvers in the coming days could set precedent for future high-stakes appeals and shape the contours \u200cof New\u200b York\u2019s penitentiary measures against financial misrepresentations.<\/p>\n<p>For\u200b more on this developing story, follow updates from authoritative sources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Attorneys claim Trump can&#8217;t post a $464 million bond for penalties in a New York civil fraud case. The ex-president, appealing the decision, and his ex-Trump Organization colleagues face this sum in state dues<\/p>\n","protected":false},"author":49,"featured_media":2201215,"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\/03\/AP24069844799274.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2201214","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\/03\/AP24069844799274.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2201214","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\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2201214"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2201214\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2201215"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2201214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2201214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2201214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}