Post by Drifter on Feb 28, 2024 15:09:38 GMT -5
Trump complains it’s ‘impossible’ to post full $464M appeal bond despite repeatedly bragging that Mar-a-Lago is actually worth $1 billion
Coming up a few hundred million dollars short, attorneys for Donald Trump signaled on Wednesday that the former president is only presently willing to post a $100 million portion of the $464 million fine he was ordered to pay at the conclusion of his civil fraud case in New York.
In a motion appealing the order, the attorneys wrote that the “exorbitant” judgment issued by New York State Supreme Court Justice Arthur Engoron was an “unprecedented and punitive disgorgement.”
Engoron’s ban on Trump’s doing any business in New York for the next three years also ruffled the former president, the filing showed, with his attorneys dubbing the prohibition “unlawful” and “unconstitutional.”
Therefore, they wrote, it would be “impossible to secure and post a complete bond.”
“Appellants nonetheless plan to secure and post a bond of $100 million,” the attorneys continued.
During a deposition in April during the civil fraud trial, Trump claimed that his property in West Palm Beach, Mar-a-Lago, was worth $1 billion by itself. The Associated Press reported at the time that tax appraisers put the value of the estate closer to $18 million to $37 million.
read more HERE
Coming up a few hundred million dollars short, attorneys for Donald Trump signaled on Wednesday that the former president is only presently willing to post a $100 million portion of the $464 million fine he was ordered to pay at the conclusion of his civil fraud case in New York.
In a motion appealing the order, the attorneys wrote that the “exorbitant” judgment issued by New York State Supreme Court Justice Arthur Engoron was an “unprecedented and punitive disgorgement.”
Engoron’s ban on Trump’s doing any business in New York for the next three years also ruffled the former president, the filing showed, with his attorneys dubbing the prohibition “unlawful” and “unconstitutional.”
Therefore, they wrote, it would be “impossible to secure and post a complete bond.”
“Appellants nonetheless plan to secure and post a bond of $100 million,” the attorneys continued.
During a deposition in April during the civil fraud trial, Trump claimed that his property in West Palm Beach, Mar-a-Lago, was worth $1 billion by itself. The Associated Press reported at the time that tax appraisers put the value of the estate closer to $18 million to $37 million.
read more HERE
