Trump can't secure $454 million appeal bond in New York fraud case, his lawyers say

[BumRushDaShow]

Last edited Mon Mar 18, 2024, 01:32 PM - Edit history (1)

Source: CNBC

Published Mon, Mar 18 2024 10:26 AM EDT Updated 54 Min Ago


Former President Donald Trump has been unable to obtain an appeal bond to secure a $454 million civil judgment against him in a New York business fraud case, his attorneys said in a court filing Monday. Lawyers for Trump and his co-defendants said it has been “impossible” for them to secure a complete appeal bond, which would effectively require “cash reserves approaching $1 billion,” which neither the former president nor his company has.

Trump’s team has approached, without success, around 30 surety companies through four separate brokers as he seeks an appeal bond, and they have spent “countless hours negotiating with one of the largest insurance companies in the world,” according to the filing with the Appellate Division of Manhattan Supreme Court.

Under New York court rules, Trump must post an appeal bond if he wants to avoid New York Attorney General Letitia James moving to collect on the fraud judgment in the state’s favor. James has said she will seize Trump’s property if he is unable to pay the entire judgment or obtain an appeal bond. Trump’s lawyers in their filing said that if the appellate division considers denying a stay of the judgment, it should schedule oral arguments on the issue.

And the attorneys asked that if the division declines to grant the stay, they be allowed to ask the Court of Appeals, the highest state court in New York, to pause the judgment without Trump having to obtain an appeal bond in the full amount. Manhattan Supreme Court Judge Arthur Engoron in February ordered Trump and his co-defendants to pay a total of $464 million in damages and interest for violating a New York anti-fraud statute.

Read more: https://www.cnbc.com/2024/03/18/trump-cant-secure-454-million-appeal-bond-in-new-york-fraud-case-his-lawyers-say.html

---

Link to court filing (PDF) - https://t.co/COb47uF6JG

( LetMyPeopleVote )


Article updated.

Previous articles -

Published Mon, Mar 18 2024 10:26 AM EDT Updated 10 Min Ago


Former President Donald Trump has been unable to obtain an appeal bond to secure a $454 million civil judgment against him in a New York business fraud case, his attorneys said in a court filing Monday. Lawyers for Trump and his co-defendants said it has been "impossible" for them to secure a complete appeal bond, which would effectively require "cash reserves approaching $1 billion," which the former president or his company do not have.

Trump's team has approached, without success, around 30 surety companies through four separate brokers as he seeks an appeal bond, and they have spent "countless hours negotiating with one of the largest insurance companies in the world," according to the filing with the Appellate Division of Manhattan Supreme Court.

Under New York court rules, Trump must post an appeal bond if he wants to avoid New York Attorney General Letitia James moving to collect on the fraud judgment in the state's favor. James has said she will seize Trump's property if he is unable to pay the entire judgment or obtain an appeal bond. Trump's lawyers in their filing said that if the appellate division considers denying a stay of the judgment, it should schedule oral arguments on the issue.

And if the division declines to grant the stay, the attorneys asked that they be allowed to ask the Court of Appeals, the highest state court in New York, to pause the judgment without having to obtain an appeal bond in the full amount. Manhattan Supreme Court Judge Arthur Engoron in February ordered Trump and his co-defendants to pay a total of $464 million in damages and interest for violating a New York anti-fraud statute.

Published Mon, Mar 18 2024 10:26 AM EDT Updated 1 Min Ago


Donald Trump cannot obtain a bond to secure the $454 million civil business fraud judgment against him as he pursues an appeal of the case, his attorneys said in a New York court filing Monday. Attorneys for Trump and his co-defendants the fraud case argued that it was "impossible" for them to secure a complete appeal bond, which would "effectively" require "cash reserves approaching $1 billion."

"Defendants' ongoing diligent efforts have proven that a bond in the judgment's full amount is "a practical impossibility," the lawyers wrote, quoting an affidavit in the filing with the Appellate Division of Manhattan Supreme Court.

They said they have approached roughly 30 surety companies through four separate brokers, and that they have spent "countless hours negotiating with one of the largest insurance companies in the world."

The lawyers said that if the appellate division considers denying the requested stay of the judgment, it should schedule oral arguments on the issue. And if the division declines to grant the stay, the lawyers asked that it allow them to file an appeal with the Court of Appeals, the highest state court in New York.

Published Mon, Mar 18 2024 10:26 AM EDT Updated 4 Min Ago


Donald Trump cannot obtain a bond to secure the $454 million civil business fraud judgment against him as he pursues an appeal of the case, his attorneys said in a New York court filing Monday. Attorneys for Trump and his co-defendants the fraud case argued that it was "impossible" for them to secure a complete appeal bond, which would "effectively" require "cash reserves approaching $1 billion."

"Defendants' ongoing diligent efforts have proven that a bond in the judgment's full amount is "a practical impossibility," the lawyers wrote, quoting an affidavit in the filing with the Appellate Division of Manhattan Supreme Court.

They said they have approached roughly 30 surety companies through four separate brokers, and that they have spent "countless hours negotiating with one of the largest insurance companies in the world."

Manhattan Supreme Court Judge Arthur Engoron in February ordered Trump and his co-defendants to pay a total $464 million in damages and interest for violating a New York anti-fraud statute. Of that total, Trump was ordered to pay $454 million. Trump's post-judgment interest continues to accrue at a rate of nearly $112,000 a day.

Published Mon, Mar 18 2024 10:26 AM EDT Updated 5 Min Ago


Donald Trump cannot obtain a bond to secure the $454 million civil business fraud judgment against him as he pursues an appeal of the case, his attorneys said in a New York court filing Monday. Attorneys for Trump and his co-defendants the fraud case argued that it was "impossible" for them to secure a complete appeal bond, which would "effectively" require "cash reserves approaching $1 billion."

"Defendants' ongoing diligent efforts have proven that a bond in the judgment's full amount is "a practical impossibility," the lawyers wrote, quoting an affidavit in the filing. They said they have approached roughly 30 surety companies through four separate brokers, and that they have spent "countless hours negotiating with one of the largest insurance companies in the world."

Trump earlier this month obtained a $91.6 million bond from the Chubb insurance company to secure a civil defamation judgment against him in favor of the writer E. Jean Carroll while he appeals that judgment.


This is breaking news. Please check back for updates.

Published Mon, Mar 18 2024 10:26 AM EDT Updated 4 Min Ago


Donald Trump cannot obtain a bond to secure the $454 million civil business fraud judgment against him as he pursues an appeal of the case, his attorneys said in a New York court filing Monday.


This is breaking news. Please check back for updates.

Original article -

Published Mon, Mar 18 202410:26 AM EDT


This is breaking news. Please check back for updates.

[no_hypocrisy]

1. Short sale!!

[Captain Zero]

196. Auction some stuff off, you sick F

That's some capitalism for ya!
He and his cult is always humping the capitalism.
Short sale at auction.

I think this means he has NO property that is not LEVERAGED.
That's why none of the companies that loan want to deal with him at this point.

[getagrip_already]

2. I dont care, do you?

Bwahh haaa haaa.

[Omnipresent]

39. Nope!

It’s seizure time!.. once trump’s properties are, he will have one!

[BlueKota]

165. 😁

🤞

[bringthePaine]

107. knocked outta the park with one swing👍🤣

[calimary]

133. I see what you did there.

[TeamProg]

147. I REALLY don't care, do you? nt

[link:|

[brer cat]

3. That is terribly sad. I often feel great sympathy for billionaires

who are suddenly caught short. (Shouldn't be necessary, but just in case)

[Irish_Dem]

12. It's just heartbreaking when they cannot scrape up half a billion dollars on short notice.

[thesquanderer]

25. Yes. So many of us are just one huge crime away from bankruptcy. (n/t)

[Irish_Dem]

37. One reason most of us don't go on major crime sprees.

[CrispyQ]

85. If you can't pay the fine, don't do the crime.

This was a nice bit of news for a Monday morning!

[Irish_Dem]

87. Yep. And yes a nice piece of news isn't it?

[calimary]

136. Definitely!

[Kennah]

115. 1.9 billion riyals takes time to count

[BlueKota]

167. And none of their billionaire buddies will even lend them a dime.

[Irish_Dem]

171. Trump will be forced to sell top secret docs or use them for blackmail.

Which is why he took them in the first place.

[PatSeg]

28. Same here

Poor Donald, my heart really goes out to the poor guy. What on earth did he ever do to deserve all this???

[peppertree]

71. And WHY isn't the great and heroic Putin, or the pious and magnanimous MBS, ponying up to save this hero of a man!!

For shame!



"And I told the fat, orange slob - in the words of your great fellow American, Janet Jackson: 'What have you done for me lately?'"

[PatSeg]

127. Apparently the "useful idiot" just isn't useful anymore!

But hey, he's still good for laugh from their perspective.

[peppertree]

181. No doubt about it

They must refer to him as "that fat, old harlot who still thinks he's attractive."

To which the other one adds, "Like that Senator Lindsey!"

[PatSeg]

183. Oh yes, the insults must be brutal

Wouldn't you just love to be a fly on the wall when they talk behind his back? Putin tends to be very obvious when he is with Trump and Trump is so clueless, not aware he is being ridiculed. Often it is so easy to use an insecure, vain man and Putin is a master at it.

Sadly for Trump, eventually it all gets old and he's not even useful as the brunt of a joke. With Trump, it is the same old routine over and over again. He ran out of new material a long time ago.

[peppertree]

186. Sad, and so very true

The problem is that that fat bastard's daddy issues are just a 1% swing in 3 states from becoming a national security nightmare - and of course, a constitutional one.

Biden's people really need to hammer that "daddy issues" point home. Besides being true, I know it's something many can relate to - either in themselves, or by seeing it in loved ones.

[PatSeg]

197. Yes and I've found some of the worst leaders

are men with serious daddy issues. George W. Bush was a prime example - he just HAD to invade Iraq because he wasn't half the man his father was. Ironically George H.W. Bush also had daddy issues, but not nearly as badly as young George.

Then you have people like Bill Clinton and Barack Obama, who really didn't know their fathers and had a stronger maternal influence. They seemed more centered and comfortable in their own skin. And of course, Joe Biden had great parents and a very close knit family. It certainly shows.

To me, daddy issues is always a huge red flag whether in a leader or a partner.

[peppertree]

213. Hear, hear

Men, my dear Italian great-grandmother used to say, are children.

I know I am.

It's just that there are children - and there are children.

[PatSeg]

214. Oh yes there are

Ideally, a child has both a good mother and father, but I've found that no father is better than a bad father. In Trump's case, I'd say that he had a really bad father and that to this day he is still stuck developmentally at the age of about 12 years old, maybe even younger.

Donald is a prime example of the incredible damage that one toxic parent can cause.

[peppertree]

215. I hear you

That's why, when I see Trump, I see so much of my own dad - even the birthday (two days off).

Though at least, he's a talented engineer who's actually done a lot for national security (unlike Cheeto!) - and by all accounts a consummate professional and a great colleague.

But he always made a sport of contradicting my mother's usually very good advice - and still has to work in his 70s as a result (heart condition and all).

Oh, the ironies of life. Intelligence and common sense, as you know, are two very different things.

Trump, of course, has neither.

[smb]

202. It's So Unfair!

Why won't anybody lend him money to pay the judgment against him for cheating people who lent him money?

[InstantGratification]

4. A very BIG deal

He can still move forward with his appeal, but as soon as the deadline to post the appeal bond passes, AG James can start filing motions to freeze accounts, put liens on property and order the sale of assets. Happy Days Are Here Again!

PS I wonder what a used 757 goes for these days????

[PatSeg]

33. And that will be a sight to see

Hopefully we'll get to see his whole "empire" unravel in real time.

[BlueKota]

168. and hopefully his campaign along with it.

[PatSeg]

170. AND today's republican party

I feel like we're reaching the climatic moment in the movie where the audience stands up and starts cheering!

[ArkansasDemocrat1]

42. "On this episode of 'Airplane Repo', we travel to Florida...

[InstantGratification]

63. Oh Yeah!

Live stream that shit, it would be....

g l o r i o u s

[Ray Bruns]

64. Now that one gets a Kitty Foreman laugh

https://m.

[Grins]

68. $6-15 million depending on a lot if factors

Cost to repaint one of them.

[coprolite]

91. Can one buy the 1st, 9th and 18th holes of the Mardo Lardo course?

[calimary]

137. When's the deadline?

[NanaCat]

185. 25 March

So 1 week from now.

[magicarpet]

155. Don't forget the 757 is all decked out with 24 carat gold handles, knobs, and dildos.

Only FIRST - first class for President Smelvis Pantload.

[calimary]

190. Ooooooooooooh! March 25th! One week to go!

[Mike Nelson]

5. Oh, dear...

... looks like Melania will have to hock the family jewels...

[Irish_Dem]

17. Melania has a $100,000 shoe collection.

(She is obsessed with expensive shoes. )

Also lots of couture clothing and jewels.

Time to have a garage sale.

[TomCADem]

75. Actually, if the Judgment Does Not Name Melania...

...Trump could always start transferring assets to Melania's name, which is risky for him, because she could just walk out on him. Though, if she threatened to do so, then I can see Trump arranging with his friend Putie to take care of her the way Putie is known to handle things.

[Irish_Dem]

79. Isn't it illegal to transfer assets to hide them from the court?

Yes Melania would walk out with them.

But she is smart enough to make sure Trump cannot touch the assets in the event of her death.

[TomCADem]

81. Yes, But Defendants Frequently Hide Assets...

...to avoid judgments. If Trump was not running for President, he probably would transfer assets out from his name, declare bankruptcy, slow collection efforts until his creditors agree to settle on pennies on the dollar.

Plus, with Trump running for President, there are probably a lot of countries that will be willing to assist him in transferring any assets he has off-shore.

[Irish_Dem]

83. He probably has already done that?

His properties are heavily mortgaged, so he took out all the equity a long time ago.
And stashed it some where.
Unless he already spent it, and then he is broke.

[TomCADem]

125. If his properties are heavily mortgaged...

…how could you collect a judgment on it, since the mortgage would have a higher lien priority?

The problem for Trump is whatever income streams he is using to pay lawyers. Perhaps Trump could use the RNC to pay his legal bills?

[Irish_Dem]

161. Michael Cohen has said that all of Trump's properties are heavily mortgaged.

Trump was always robbed Peter to pay Paul kind of thing.

They courts are thinking they will have to liquidate a number of properties
to get the judgement, because they have to pay off the mortgage holders first.

Yes Trump is very clever about getting others to pay his bills.
The RNC will pay his legal bills, and it looks like he may have some sugar daddies
willing to help him out.

[SWBTATTReg]

176. And one point to remember, office buildings are cheap, and the demand for office space is declining day by day,

as businesses etc. move into a different mode of operating, thus, djt's market (office buildings etc.) is declining day by day.

I hope that the Courts and such don't collect just on assets like buildings. They're white elephants (the entire office building market is).

[Irish_Dem]

177. Good point. Office space sits empty today.

Thought space in NYC may always be at a premium.
Convert it to housing which is in high demand.

I assume the courts are going to do an assessment so they know the exact value of all Trump assets.
The real value, not Trump's fraudulent valuations.

[SWBTATTReg]

178. Converting these properties to residential, etc. would be a very expensive process too. Buildings (office)

aren't that easily converted, from what I heard, the layouts of office complexes and residential complexes isn't so easy.

[oldsoftie]

6. SEND MORE MONEY, MAGA!!!!! DEAR LEADER NEEDS YOU!!!

Oh the humanity.

[PatSeg]

38. I'd be glad to help the poor guy out

but geez, I'm really strapped for cash this month!

[CrispyQ]

90. What's that giant sucking sound over at the RNC? -nt

[Prairie Gates]

153. Imagine the disappointment when Lara got into the RNC vault

[oldsoftie]

187. And you KNOW the 1st thing she did was check the bank accounts. nt

[Captain Zero]

198. Wouldn't he rob the US Treasury

to pay it if he got elected in November?

We need PAC ads to ask that ❓

[LetMyPeopleVote]

7. This makes me smile

Here is a link to TFG's filing
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=LkIQgg7Dg2GXrJ4iSoe3tA==

Link to tweet

Link to tweet

[BumRushDaShow]

11. Thank you for the filing

Will add to the OP!

[LetMyPeopleVote]

15. That filing is fun reading

[mopinko]

27. i was having a truly shitty morning. i feel like the sun just came out.

i dropped a sick dog off at the vet this morning. bloody diarrhea. she had me up every 2 hrs the last 2 nights. i f’d up the online appt, which was for tomorrow not today so i had to leave her.
and it’s cold and gloomy here. it’s starting too snow.
but damn, i feel like i’m on the beach in hawaii now.

[Delphinus]

46. Hope

the puppers is OK.

[mopinko]

53. she'll b fine.

she got ahold of some 4 day old leftover sushi which i expect was bad to begin w. i’ve been having issues myself. they’re starting her on meds.

[LiberalFighter]

76. Hmmm. If one is too big. Why doesn't he break them down to about 5 mini-bonds?

or make it 10 mini-bonds and he can say he posted the most bonds in all of history. Making him the greatest billionaire of all time.

[Hermit-The-Prog]

128. 4,919 pages!?

[Think. Again.]

8. Funny how being a fraud can expose you as a fraud.

[Think. Again.]

9. yeah, well, he's not the first person...

...who couldn't afford to appeal a court ruling.

[Sogo]

150. For sure, but there's great satisfaction hearing this particular person SAY (via his attorney) that he can't afford it!

nt.

[Think. Again.]

169. I agree with that!

It's nice to bring him down a notch or two!

[democrank]

10. What? Sneaker sales a bit slow?

Not enough cultists buying Trump steaks and Trump hats? Maybe “Sir” should get together with his brilliant sons and organize a fundraiser. They can just say the money will be used to help children with cancer. Or, Trump can direct his daughter-in-law to make daily deposits to his account from the RNC’s war chest.

[CrispyQ]

98. DUzy! -nt

[sheshe2]

13. The fraud in the fraud case can't secure a loan?

I thought he was a billionaire the likes you have ever seen and banks were falling at his feet begging him to take out a loan with them.

[LonePirate]

14. Time to sell some buildings and golf courses

Why won’t Jared pony up the money he received from the Saudis?

[70sEraVet]

22. Or can't Lara 'borrow' enough out of RNC coffers to cover?

[Irish_Dem]

24. I wonder the same thing. Why doesn't Jared loan him some of his blood money?

[thesquanderer]

31. Because Jared knows he'd never get it back. (n/t)

[Irish_Dem]

41. Yep. Jared is obviously smart enough to figure this out.

[mucifer]

59. jared is just as evil and greedy as trump is

[underpants]

78. Who?

[Delphinus]

47. Let him

sell the place where Ivana is buried so we can dig up her grave and see what's in the coffin.

[bello]

66. Damn, the DU limitations

You are getting this reply because the latest DU update won’t let me recommend your comment multiple times. In EarlG’s defense however, if he let me rec it multiple times, I’d just be sitting here pounding on the rec button until something broke.

[Delphinus]

217. Thank you!

I really needed that laugh! Belated welcome to DU!

[NanaCat]

188. Because Jared is just cunning enough to suspect

That if he loaned that money, he'd learn why Bone Saws earned that appellation.

[LetMyPeopleVote]

16. Again, Trump confirms he doesn't have the money.

Link to tweet

[Wuddles440]

18. Sounds promising...

but I will not get really giddy until there's an actual assault on his assets. This scum has been drowning on many occasions throughout his miserable life and always manages to find someone to throw him a life preserver to bail him out.

[boyedav1969]

19. Time to start freezing assetts and obtaining liens...

...to ensure the judgement is paid.

[Brainfodder]

20. I prefer people who pay what they owe in full without whining about it.

[bucolic_frolic]

21. Half a billion. Secured by commercial real estate. In this market?

No wonder no one wants to underwrite it. The collateral is almost as soft as the doofus asking for money.

[Botany]

26. I think most of his real estate is already leveraged to the hilt.

[BumRushDaShow]

35. And I think a good chunk of other stuff that looks like "his"

is just the licensing of his name on a property (where he gets some kind of compensation for that).

[Attilatheblond]

93. And golf just isn't the big thing it used to be. Golf resorts? ROFL!

BUT... since most of the (rich) people who liked golf are literally dying off, maybe he could market some of those properties as swanky cemeteries. He's already got that started what with that fancy and dignified grave he provided the ex-wife whose NDA had expired about the same time she did.

[Sogo]

152. Whoa! Haven't heard that about the NDA expiring....

Is that true?

[Attilatheblond]

160. It was reported (sort of hidden in the news reports) a few times when her death was frist reported

Then, reporting on the NDA expiration was suddenly not mentioned. The NDA was part of their divorce settlement but it was required to have an expiration date. If she violated the NDA, she would have been out lots of bucks. Funny about expiration dates and TOD.

I wonder, how does a woman fall down a big flight of stairs and NOT get any head injuries? And when it was first reported, it was reported that Gums was home with her but delayed calling 911 for a good spell, I seem to recall reading 90 minutes.

So, donning my tinfoil hat, I suggest it was Gums, at the bottom of the stairs, with a bag of oranges. Anything for daddy?

[Sogo]

162. Who is Gums? Is that a new name for TSF?

[Attilatheblond]

166. It's what a lot of DUers call Eric Trump n/t

[getagrip_already]

61. But MAL is worth $1.2 Billion!!

Surely he could get a bond on that alone?

[Attilatheblond]

144. Yeah, who wouldn't pay that for an over valued dump he tried to pawn off on the US Government

as the "southern White House"?

[IbogaProject]

208. His appeal says he needs liquid marketable securities

He would have to have around $545 million in stocks, bonds, not parcels of real estate, and he needs at least $18 million in cash.

[getagrip_already]

212. Second mortgage...

If the property is worth that much, surely a bank will loan him cash on its value.

Same with his other properties. Especially with his beautiful brand attached.

Yes, that is sarcasm.

Insurance companies are not loan collectors. They don't foreclose on properties and take them to auction. They deal in liquid assets.

Banks deal in property and real assets that need to be sold to become monetized. So banks will frequently back end an insurance company and provide them a letter of surety, which means they will pay them back x dollars when they eventually foreclose and liquidate the collateral they are holding. The insurance company then provides the surety bond to the court.

Insurance companies are good at managing large sums of unplanned monetary outlays. Banks are good at foreclosures and auctions.

Odd there was no combination that could be made to work here, no?

[Botany]

23. Trump is really screwed

He is not a billionaire

Bond agencies don’t want to risk their money

The interest alone on his penalties is growing daily …87 K per day

I see Flynn and or Roger Stone going to MBS, Putin, or shits like Harlan Crow
to get the money for his bond.

Btw Trump’s appealing the case doesn’t change a bond company’s decision not
too put up the money for his bond

Who wants to go to NYC to watch them take down the gold lettering from the Trump
Tower in Manhattan?

[dchill]

40. Surely Jared and Ivanka can help, right?

[Jose Garcia]

67. It's doubtful they have that kind of money

[CrispyQ]

102. See post #78 above. -nt

[underpants]

44. Compounded daily. It's like he has a student loan or something

[Marthe48]

29. Maybe rwnj see traitor as Babe Ruth

pointing his bat at where the ball will go.

I see him as The Mighty Casey striking out. Over and over.

[Wednesdays]

30. Well, that's a shame.

[MOMFUDSKI]

32. Fire

Sale!!!!

[dchill]

34. that's a shame

[muriel_volestrangler]

36. "I'm being crushed by debt. I'm completely wiped out." "Sorry, Donald, I can't help you."

Our big plan to cancel student debt doesn’t apply to everyone. Just yesterday, a defeated-looking man came up to me and said, “I’m being crushed by debt. I’m completely wiped out.” I said, “Sorry, Donald, I can’t help you.” (Laughter and applause.)

https://www.whitehouse.gov/briefing-room/speeches-remarks/2024/03/17/remarks-by-president-biden-at-the-gridiron-club-and-foundation-dinner-march-16-2024/

[Orrex]

50. Wow, that's brutal

I love it!

[underpants]

43. ☎️ Call Chico

[machoneman]

45. Gee, they "failed to provide information" about literally the truthfulness of all their efforts to secure a bond. Call..

...me not surprised. I do hope the judge demands all the records, and quickly, of all the negative replies from possible surety coverages.

Why? I suspect that TFG asked for far more ($1 billion? Gimme a break!) than required to ensure his request would be denied, which they did. Goal is to delay the posting by any means. Hopefully, the judge will quash any motion to delay the posting.

[getagrip_already]

65. Remember, this is the guy who said the same thing

To judge Kaplan when he already had a bond agreement in place for at least 2 days.

He lied to a federal judge.

I hope the fa throws that in his face.

[patphil]

48. Well, well. Trump sure has stepped in it this time.

If this article is accurate, he could post the bond.

https://time.com/6589369/donald-trump-net-worth-estimations/

But if he can't, then maybe he doesn't have the cash they say he has.
Or maybe he has the money, but thinks he can get away without posting such a huge bond while on appeal.
Either way it's a huge fail for him. The more he resists, the more the judicial python tightens it's grip on his wealth.
This turkey is about to get plucked.

[Justice matters.]

139. The fraudulent Dump Org is gonna suffer from a giant "bloodbath" ;)

[Orrex]

49. "countless hours negotiating with one of the largest insurance companies in the world."

Well that's bad news for Trump's lawyers, because if the hours are "countless," then he'll insist that he cant be billed for them.

Hell, he wasn't going to pay anyway, but now they've given him an excuse.

[Ray Bruns]

70. Sucks to be him

[Bev54]

51. The link to the pdf court filing doesn't work, can you check it. I will try to find it elsewhere

[bmichaelh]

52. Supposedly Trump has billionaire friends

Why does the fake billionaire not go to one its true billionaire friends.

It has often been reported that Putin is one of the richest men in the world, if not the richest.

But Putin wants to keep a big part of his wealth hidden.

He could pay Trump's bond easily.

[rpannier]

206. That idiot Levin has posted (apparantly) his disapproval that multi-billioanires

are not helping il douche out

[Orrex]

54. Let him who hasn't committed billions of dollars in fraud over many decades cast the first stone

[Bev54]

55. Never mind it seems to be a problem at the NY server, it is now downloading very slowly

[Ford_Prefect]

56. Liar! Trump's assets have nothing to do with this statement. It's the same time wasting stunt he pulled up to the last

minute in the other case. If he genuinely defaults on this much more is at stake than his buildings and properties. He's begging his followers for this and playing them for suckers while claiming he's an abused businessman. Trump's real cash assets are offshore somewhere. in addition he has people of influence like the CEO of CHUBB, waiting for the phone to ring. I suspect some of the same names we'd find in Epstein's special friend address book are on Trump's list as well.

[marble falls]

57. Good ...

fire sale his shit.

[rubbersole]

58. All those honest, hard working, patriotic decent contractors you crushed...

...are all checking their couch cushions for anything to help you through these tough times. They want a place to send it...you should set up a Go-Fuck-Me account...

[dlk]

60. But if he's really a billionaire...

It looks like his house of cards may falling soon

[Joinfortmill]

62. Good.

[greatauntoftriplets]

69. This warms the cockles of my heart.

[TomCADem]

72. This story and similar stories are misleading. Trump Can Still Appeal the Judgment, But...

...this just means that the State's efforts to collect the judgment can proceed while the appeal is pending.

However, this does hurt Trump, because Trump normally uses the court process just to delay trials and the collections of judgments. In the case of the NY state civil fraud judgment, the State can begin efforts to collect on the judgment against various Trump properties, though I am sure Trump is already well ahead of the game in terms of hiding his assets. Or, maybe he will get Putie or a Saudi Arabian King to front the money for him.

Finally, I am sure that Trump will continue to litigate and stall out efforts by the State to collect the judgment.

[BumRushDaShow]

82. He has until March 25 to make a decision whether to appeal or not.

They are floating this out here a week before in order to garner sympathy.

[TomCADem]

130. He probably will appeal, but the lack of a bond...

…just means he can’t automatically stop enforcement efforts. I am surprised that Jared Kushner can get hundreds of millions in contracts from the Saudi government, but Trump himself can’t get a more lucrative deal or use Jared to launder money with Jared then paying for Trump’s legal bills out of a sense of familial obligation.

https://www.vanityfair.com/news/2022/05/jared-kushner-affinity-partners-saudi-arabia

[BumRushDaShow]

134. Since you mention Jared

I saw this this earlier morning - https://www.businessinsider.com/jared-kushner-serbia-hotel-deal-mirrors-decade-old-trump-plan-2024-3

He's trying to appeal with "no bond". That needs to be rejected since he got off from the judge not divvying out the "corporate death penalty" that AG Tish James wanted originally.

[Sogo]

156. The Trump Org. now has a court-appointed over-seer of all business activities

which will prevent him from hiding assets

[cayugafalls]

73. Just take all his assets now, fir criminy sakes, dump must be invisible.

This is freaking ridiculous.

I'm so tired of this noise.

[SupportSanity]

74. Billionaire?

[llmart]

77. Golly gee...

You mean all those years he told us he was a billionaire he was really lying to us???? I am truly surprised... NOT.

The Magats are too stupid to realize they've been had.

[ShazzieB]

138. Oh, he's a billionaire.

On paper! The problem is that most of his wealth is tied up in leveraged real estate holdings.

[Blue Owl]

80. Can we tar & feather him, then set his fat ass out on Times Square where he can be pelted with rotten produce?

[ArkansasDemocrat1]

189. "Hello, American Airlines, I need a direct flight to LaGuardia"

"What's in your luggage, sir?"

"Rotting fruit and 3 month old eggs"

[twodogsbarking]

84. The feel good story for today.

[CaptainTruth]

86. When a judge ordered his Doral golf club put up for auction to pay the 23 contractor liens...

...against it, Trump rushed in with lawyers & money & stopped it.

Methinks if something similar happens in this case he won't have enough lawyers or money to stop it.

[calimary]

149. And the lawyers will want to be paid, too. Probably up front.

Is it wrong that I’m smiling?

[Solly Mack]

88. His followers better get busy. How can they buy food in good conscience when Trump is suffering so?

Snort.

[PurgedVoter]

89. Aw gee, no bond no appeal.

Welcome to the rules the rest of us have to follow, mr orange menace.

[NanaCat]

193. No, he can still appeal

But without a surety bond or cash to cover the judgment to protect his assets for the appeal, Tish James can start seizing assets to collect on the judgment.

[Dorn]

92. 2 Damn Bad... If you can't do the time... Billionare my ass... Please sire may I have half a billion

[meow2u3]

94. I need to dust off my tiny violin

because that's how much pity I have on him: zero!

[ArkansasDemocrat1]

191. A speck of dust is larger than mine

[link:?1664809742|

[republianmushroom]

95. Well, ones actions does have consequences, good and/or bad.

Now donald is have to live with his consequences.

[brooklynite]

96. So all those "Russia/Saudi Arabia will give him money" posts were unsubstantiated?

[BannonsLiver]

199. Are you saying those countries never get on the wrong side of things?

Both are run by terrible people. Are you saying they aren’t?

[Jarqui]

97. I thought Rudy was at Mar-A-Lago to learn about

filing for bankruptcy from Trump as Trump has done it 6 times.

Maybe Rudy can help his old partner in crime and deceit and remind him how it is done.

[riversedge]

99. Alina Habba says Trump is worth 14 billion dollars...Donald Trump tells the court that it is impossible for him to come up

I really do not know how much money Trump really has but it is a given that he has money in his properties--buildings, golf courses etc.
I wonder if Trump put up his buildings and golf course as collateral????




Alina Habba says Trump is worth 14 billion dollars…Donald Trump tells the court that it is impossible for him to come up the bond…30 surety companies have allegedly rejected Trump. He wants the court to let him appeal without the bond.

14 billion dollars and you can’t come up with that small change. I think Alina misplaced a decimal and his net worth is 1.4 billion if that.

This sounds like Trump wants the court to deny him so he can go right to the SC claiming the state bond law is unconstitutional in its application.

Link to tweet

?s=20

[BumRushDaShow]

108. "I really do not know how much money Trump really has but it is a given that he has money in his properties"

I doubt any of it is "liquid", i.e., it is leveraged for other stuff and/or has mortgages associated.

He's going to have to file for bankruptcy (he did so 6 previous times for his other entities including casinos).

[mwooldri]

148. Are we sure it's US dollars?

I tell you I have more than this in the bank...

_.webp

[Marcuse]

100. ?

[BumRushDaShow]

126. THAT needed a *graphic* warning

[iluvtennis]

101. Start liquidating his assets then - so tired of TSF's bullshit.

[TBF]

103. Well I wonder what the party of "personal responsibility" would suggest in this situation -

he could "get a job", "have a garage sale", "stop eating cheetos, get up off the couch, and work", "don't expect others to bail you out", "pay your obligations", etc. and so on. They had a lot of super ideas of how folks should pay off predatory student loans, so I think they will just apply all those solutions here!

[ShazzieB]

135. You left out a couple of my favorites.

Give up avocado toast and Starbucks!

Seriously, I dont know how many times I've heard it said that those spoiled millennials would be able to pay their bills if they would just give up avocado toast and stop buying expensive coffee at Starbucks.

Except in TSF's case, the advice would have to be amended to something like giving up Diet Coke and KFC!

[BobTheSubgenius]

104. Bit off far more than he can chew?

That is so unfortunate. And unfair. Let's not let the unfairness fall by the wayside; hopefully, the brain-damaged jackal will remind everyone of the unfairness of it. Loath though he is of whining self-pity.

[Hassin Bin Sober]

105. .

?si=_sf5ffy-lQTgRKqA

[riversedge]

106. "The Party of One"

Link to tweet

?s=20

[qwlauren35]

109. I am laughing so hard.

I'm in an airport and don't to have to explain. But DAYUM this is funny.

[Scalded Nun]

110. I actually laughed out loud when I saw this. I cannot remember the last time I laughed out loud.

I can't wait to see how he sells this to his flock sheepidiots.

[onetexan]

111. BwAHAHAHHAAHAHHAHAHA

the richest man with $10 billion can't make bond

[Kennah]

112. So this would tend to indicate that he is insecure

[JT45242]

113. Overmortgaged and upside down loans

As must of us suspected, he is upside down on a lot of properties.

Let's say he has 10 percent real equity on the $3 billion of properties.

That's just $ 300 million. That's not enough to cover the default when he loses.

The Saudi and Russians know he can't win the election, so no longer worth throwing away money to.

Hus whole fragile ego is about to collapse.

[Jacson6]

114. He just doesn't want to sell any real estate.

He has the assets to secure a bond. If he won't do it then they should deny his appeal.

[Novara]

116. He's got one week to come up with it.

He's not going to be able to unload any of his tacky properties in a week. And if he sells them, everyone will know how little they really are worth.

What's more, he just admitted to the world that he's broke. Creditors are gonna want their money before he pays the judgment, so you can bet they're watching his every step. If he's too broke to pay the judgment, he's too broke to pay them. I'm sure the court is watching his every step as well to make sure he doesn't hide money.

How much does the RNC have on hand? I'm thinking not enough to pay this.

Of course, it's possible he's lying and pleading broke to get the court to settle for less, but then again, his ego probably wouldn't have the world think he's broke.

What a great Monday!

[calimary]

129. This just delights me to no end!

You nailed it, Novara: What a great Monday!

Saw this at about 9am. Absolutely fantastic news to wake up to!

[stage left]

117. Lock Him Up! nt

[NanaCat]

194. This isn't a criminal matter

So jail isn't an option here.

Why it's called civil court, not criminal.

[AverageOldGuy]

118. How about:

-- GoFundMe?
-- Stand on a NYC street corner with a sign: “Will commit bloodbath for cash.” ?
-- Melania could go back to “escort” work?
-- Jared’s Saudi friends?
-- Putin?
-- A payday loan?



Come on, gang, this is serious -- I’m just trying to be helpful.

[JoseBalow]

172. " Melania could go back to 'escort' work? "

Melania: "Danol, here is $605 I made from turning tricks last night."
Fuckface: "Who gave you the $5?"
Melania: "Everyone."

[angrychair]

119. Self-proclaimed multibillionaire

Can't come up $600 million dollars from anyone? Interesting.

[barbtries]

120. how can that be true?

can it be that tsf has been lying for years about how rich he is?!

[Hermit-The-Prog]

121. Folks, I'm way out in the wilderness, but y'all are scaring the dogs with your laughing.

Please. Carry on.

[BumRushDaShow]

122. LOL

[calimary]

123. It's an "Almond Joy moment"! "Indescribably delicious"!!!

[intrepidity]

124. So much irony

Future dictionaries could use this example to illustrate "irony".

Irony: A litigant accused and convicted of defrauding financial investors and of misrepresenting asset values, is unable to convince financial institutions to lend him money to fight the aforementioned conviction. Irony.

[BWdem4life]

131. Can't the Saudis help?

[ShazzieB]

145. Oh...

I'm sure they could. IF they wanted to!

[AllyCat]

132. Confiscate his assets. Lock him up.

It would have happened to any of the rest of us long ago.

[durablend]

140. Here's a thought....

Maybe he could get a job or something? I mean that's what Republicans are always telling everyone else to do instead of "freeloading"

[agingdem]

141. with Russia's interference, Depraved Donnie cheated his way into the Oval Office

and while he was enjoying the perks of the office.. the nice plane/Diet Cokes/Secret Service wiping his ass/the media kissing his ass, his businesses and tax returns came under intense scrutiny...for decades Donnie had dodged paying his debts by intimidation and threats but with the spotlight shining on everything Trump, he was exposed as a conman/tax cheat/fraudster on a grand scale having stiffed the IRS and finagled the numbers to secure business loans...and Mr. Not a Billionaire Trump was slammed with half a billion dollars of accountability..half a billion dollars he doesn't have and no reputable bonding insurer will underwrite...wow!

[jmbar2]

142. Welp... Here's the bloodbath. Trump's empire.

And his army of MealTeam6 Magats cannot fix this for him.

[sprinkleeninow]

143. orangeous needs housing in hoosegow. ENOUGH ALREADY!! nt

[BumRushDaShow]

146. "hoosegow"

Haven't heard THAT term in a long time!

[calimary]

157. Still relevant, though. Especially in a case like this!

[NanaCat]

195. Well, it won't come from this case

It was a civil court matter, not criminal.

[3catwoman3]

151. Ain't that a sha-a-a-a-ame!

[chowder66]

154. He's gonna grift harder.

[DavidDvorkin]

158. I really hate it when dangerous criminals keep avoiding punishment through legal technicalities

Something should be done about that. I'm sure the right wing agrees.

[Yo_Mama_Been_Loggin]

159. Not as wealthy as he claimed to be?

I've always said that.

[FakeNoose]

200. You're right of course

... but the Chump family is also hiding money in offshore banks. For the ultra-wealthy families that are doing this, it's almost impossible for the government to trace it. That's how the Sacklers got away with so much. We shouldn't kid ourselves - ALL the one-per-centers are doing the same thing.

What America needs to do is TAX their wealth when they get it, and not try to find it later after it has been well-hidden.

[Justice matters.]

163. Since criminal-defendant hitler-wannabe was so nice to the Judge...

and his court, his Clerk, his family...

I guess time for him to find out should come in a week or so?

[BlueKota]

164. Question would anyone else be able to go directly to the highest court of appeals

to ask for a stay of the appeal bond? Or are his lawyers asking for more special treatment for Donny the Asshat?

[JoseBalow]

173. Gosh, it's almost as if commiting crimes has consequences

So weird

[cstanleytech]

174. So what are the chances that the Courts will actually agree to put a stay on it?

[Hikerchick57]

175. Cry me a river.

Just wondering who he will sell try and sell us off to? Russia?

[Progressive dog]

179. TSF has to pay back money he obtained

by lying about his assets. Now he can't get a loan to pay back that money because he lies about assets.
Seems fair to me.

[NanaCat]

180. So you want to appeal?

Trump’s lawyers in their filing said that if the appellate division considers denying a stay of the judgment, it should schedule oral arguments on the issue.

And the attorneys asked that if the division declines to grant the stay, they be allowed to ask the Court of Appeals, the highest state court in New York, to pause the judgment without Trump having to obtain an appeal bond in the full amount.

If only Tish James and the court could speak to Donnie Two Scoops in a language he acts like he could understand:

[IbogaProject]

182. Guess he is just a BagOfHotAir, not truly rich

Guess he isn't a Billionaire, he is just a bag of air.

Wanted to post a pic of Nelson from The Simpsons doing his Ha Ha, but I'm unable to post a pic.

[NanaCat]

184. Here you go

[4lbs]

201. So now, billionaires and large companies won't get near him with a 10-foot pole

because they are afraid of being infected with his orange cooties?

Or did they finally look at his books, and discover that he doesn't even have enough collateral to
cover even 1/20 (5%) of that amount?

I mean, he's already on "the hook" for that $91+ million to E. Jean Carroll.

I'm sure none of these people relish (ketchup?) being second (or even third or more) in line to get their monies if they give him hundreds of millions in bond money.

That's some serious mustard for that NYC street dog.


A bucket of KFC chicken might be too rich for him now.

[jmowreader]

203. I suspect he won't be able to get one

What bank, insurance company etc. is going to sign off on a half-billion-dollar appellate bond for someone who committed BANK FRAUD? Seriously guys, giving Trump a bond for this sounds an awful lot like a breach of fiduciary responsibility to me because you know any bank who does it will never see that money again.

[pfitz59]

204. No appeal then.

No one is above the law. Seize those assets. Start with Mar Lego and his BS 'PACs' which he uses as his piggy bank.

[Rabrrrrrr]

205. I've not seen any reporting that gives the reason - I assume it's because no one trusts him to repay it.

I don't know that for sure, but I'm thinking that his 50+ year history of not paying his bills, declaring bankruptcy, and otherwise fucking over every single person/entity that has ever helped him (because, in his words, doing that "shows how intelligent I am!!&quot is the reason he can't secure any bonding.

Seems to me that if the media were, in fact, owned by the libtards, they'd be reporting that fact ad nauseum.

And I've not seen any reports that include a sentence along the lines of "despite bragging for months that he has far more than enough cash on hand to handle any fines or settlements" and/or "despite bragging for decades that he's one of the richest people in the world"...

[colorado_ufo]

207. Jared, his son-in-law, got two billion dollars from the Saudis. Did he run through all that money already?

Why doesn't Trump just go to Jared and keep the problem in the family?

[Highway61]

209. Paul Manafort

coming to his rescue...according to Rachel

https://www.nytimes.com/2024/03/18/us/politics/manafort-rnc-trump.html

[BumRushDaShow]

210. Yeah

https://www.democraticunderground.com/10143211277

Will see how that works out.

[LaMouffette]

211. Well, I guess it's time to dig up Ivana and sell some more top-secret documents to Putin and the Saudis. Pity.

Oh, and I don't believe for a minute that Ivanka and Jared will chip in one dime to help out the old man. Ivanka's daddy raised her better than to give a shit about someone else's troubles.

[Kid Berwyn]

216. Perish the thought!

[Marthe48]

218. If traitor played/hit Mega Millions this Friday and took the cash option

After taxes, it wouldn't be enough to cover his bond

Jackpot total: $977 million
Cash option: $461 million
After taxes: $350.4 million

[BumRushDaShow]

219. LOL