“Brilliant businessman” Donald Trump has publicly revealed he doesn’t have enough cash to properly appeal Judge Arthur Engoron’s fraud penalty. It’s got to be almost as upsetting to the narcissist as the ruling itself.
So let’s dig a bit deeper into Trump’s humiliation!
From The New York Times:
Donald J. Trump offered a New York appeals court on Wednesday a bond of only $100 million to pause the more than $450 million penalty he faces in his civil fraud case, a clear sign that the former president lacks the money to cover the full amount.
Ooh, that’s gotta hurt the guy who threw a fit after being dropped from Forbes’ list of the 400 wealthiest people in the U.S. in October.
But tell me more!
In seeking relief, Mr. Trump’s lawyers disclosed that they would be unable to secure a bond for the full amount, raising the prospect that he might soon default on the judgment if the appeals court denies his request.
Trump also asked the appeals court to stay enforcement of the penalty as well as other rulings against him.
What happens if the request is denied?
Unless the appeals court accepts the $100 million bond or grants Mr. Trump additional time, the attorney general can collect at any moment. Under New York law, Ms. James, can seize Mr. Trump’s bank accounts and potentially take control of his New York properties.
But even if this stay is granted, it’s only temporary:
One appellate court judge was expected to hear the request from Mr. Trump on Wednesday afternoon and issue a decision shortly after. If the appellate judge grants the pause, it will be only temporary; Mr. Trump would still have to persuade a larger panel of appellate judges to keep the judgment on hold.
Hide the ketchup, Melania!
