February 21, 2024
Trump can raise the money for an appeal without liquidating his assets
By Michael Applebaum
The following has nothing to do with whether I support or oppose Donald Trump. It is simply one approach to problem-solving.
In a recent civil fraud case in New York, Trump was found liable for deceiving banks about his net worth. Justice Arthur F. Engoron’s ruling imposes a penalty of nearly $355 million plus interest, potentially depleting Trump’s available cash. The judge’s decision also bars Trump from serving in top roles at any New York company for three years, including portions of his own Trump Organization.
The judgment also imposed a two-year ban on the former president’s adult sons, along with more than $4 million each in damages. The lawsuit, brought by New York Attorney General Letitia James, accused Trump and his family businesses of overstating his net worth.
Trump has vowed to appeal the decision. He and his co-defendants will likely need to come up with the full judgment amount of $355 million, with potentially more in interest, to move forward with an appeal. As he cannot apply for loans from any financial institution registered in the state for three years, Trump must come up with the scratch.
On top of Engoron’s verdict, he is currently on the line for some $90 million to E. Jean Carroll, well, because.
more
https://www.americanthinker.com/blog/2024/02/trump_can_raise_the_money_for_an_appeal_without_liquidating_his_assets.html
