The Briefing Room
General Category => Trump Legal Investigations => Topic started by: mystery-ak on March 19, 2024, 01:38:12 pm
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Legal experts weigh in on Trump’s options after failure to secure $464M appeal bond: ‘uncharted territory’
Legal experts called the ruling unprecedented given the size of the bond
By Bradford Betz Fox News
Legal experts are weighing in on Donald Trump’s options after attorneys for the former president said he has not been able to secure a $464 million appeal bond he needs following a New York civil fraud judgment against him.
Trump’s lawyers wrote in a Monday court filing that obtaining the nearly half-a-billion appeal was a "practical impossibility under the circumstances presented."
David Gelman, a criminal defense attorney and a former deputy district attorney, called the judgment a "unicorn." He argued that the judge should give Trump a lot more leeway to satisfy the bond because "not even the richest man in the world has $464 million lying around."
A New York Appeals Court judge denied Trump’s request late last month to delay payment of the $464 million owed as a result of the lawsuit brought by New York State Attorney General Letitia James, but said he would temporarily allow the 2024 front-runner and his sons to continue running their business during the appeals process.
A New York Appeals Court judge previously ruled that the former president must post a bond for the full amount of the judgment and that an independent director of compliance will be appointed.
That ruling comes after New York Judge Arthur Engoron handed down his decision earlier in February after a months-long trial beginning in October in which the former president was accused of inflating his assets and committing fraud in financial documents.
more
https://www.foxnews.com/politics/legal-experts-weigh-trumps-options-failure-secure-464m-appeal-bond-uncharted-territory
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Actually the 'uncharted territory' is an unprecedented fine for something that had no victims whatsoever. The loans were repaid, the valuations of properties were done by independent assessors despite any claims Trump may have made, and the loans were made after the institutions had done due diligence. What fraud?
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Not really 'unchartered' territory. Tyrannical governments have been doing this for centuries.
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This is getting out of hand
I understand the laws and nobody should be above the law. But nobody should be a target for the law just because a judge and a prosecutor have a personal vendetta
Has Trump made a comment about this judge’s wife sometime in the past… Lol
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Why is no Republican billionaire willing to lend him the money? And yet they want him to be president. It's pretty sad, if you think about it.
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Hmm, what's this, the 8th Amendment to the Constitution?
"Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted."
Seems to me that $464 million might just qualify as an "excessive bail" or "excessive fine". But what do I know, I'm just reading the plain text of the Constitution and its Amendments.
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Hmm, what's this, the 8th Amendment to the Constitution?
"Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted."
Seems to me that $464 million might just qualify as an "excessive bail" or "excessive fine". But what do I know, I'm just reading the plain text of the Constitution and its Amendments.
Just in case the left wants to claim that the Eighth Amendment doesn't apply to States, both Kagan and Sotomayor are already on record saying it does:
Timbs v. Indiana (https://www.oyez.org/cases/2018/17-1091)
Unanimous decision. And Ruth Bader Ginsberg wrote the opinion.