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Trump bond lowered to $175 million as he appeals civil fraud judgment in New York

A New York appeals court has given Donald Trump 10 more days to post his bond as he appeals the civil fraud judgment against him and cut the amount necessary to $175 million.

It’s a major lifeline for the former president, who, along with his adult sons and his company, were fined more than $464 million, including interest, after Judge Arthur Engoron found Trump and his co-defendants fraudulently inflated the value of his assets.

The ruling staves off the prospect, for now, of New York Attorney General Letitia James seeking to seize the former president’s property to enforce the judgment against him. Trump had been struggling to come up with the means to post a bond of more than $500 million, the total that he would have needed before Monday’s appellate decision.

…

The ruling stated that the $175 million bond will be in place until at least September, meaning James won’t be able to seek to enforce the judgment against Trump until then.

3volver ,

Our judicial system is designed to be weak against the wealthy, here’s a clear example. They’d never give someone poor such a break.

HootinNHollerin ,

Fucking INFURIATING

WhatAmLemmy , (edited )

Entirely expected once you understand that we’re all living in capitalist oligarchies masquerading as “democracies”.

Our politics. Our rule of law. Our national security. All of it is structured around the profit motive of capitalism, and all of it is designed to benefit the highest bidder(s).

antihumanitarian ,

It’s not really special treatment. Generally, it’s understood that the defendant will use a bond company and put up a fraction of the cash. They are trying to balance the defendants appeal rights with not postponing the judgement forever. He’s actually tying up significantly more money this way than he would with a bond.

The actual judgement, should he lose appeal, isn’t reduced.

kent_eh ,

The actual judgement, should he lose appeal, isn’t reduced.

That’s a very important take-away.

Though it is still frustrating that he’s managed to delay the entire process yet again.

aStonedSanta ,

Yes because if he delays it till he’s president he’ll just ignore it.

kent_eh ,

That’s a big part of his game plan for all of the legal actions he is facing.

exanime ,

2 days ago he claimed publicly he had 500 millions cash… Why cut him a break when, by his own statement, he can pay his own bond or back it up?

This is nothing but special treatment… Bear in mind they also loosened a ton of other conditions: grifter kids don’t have to pay their $5 million bonds either, they can continue to first in NY until appeal , etc… none of those have anything to do with your justification for lowering the bond

shalafi ,

I always try to see the court’s side on these things. INAL, and most times we get a warped story from the headlines.

I am seeing nothing here. What exactly was the legal excuse?

exanime ,

They literally gave none

computabloke ,

Did some further reading on this.

Trump is appealing the James ruling. While the appeal is under review, he was still required to pay the penalty amount as a bond to stave off the possibility of the state seizing his assets.

While the bond amount has been reduced to $US175 million. The full penalty still stands if his appeal against the ruling fails!

jose1324 ,

Yeah, but it’s Don so his appeal will succeed anyways because fuck me

GlendatheGayWitch ,

Great, with that timing, should Letitia James go after his properties in Seotember, that will only help him drive supporters to the ballot box with the election so soon after.

jmanes ,
@jmanes@lemmy.world avatar

His supporters would end up at the ballot box either way. They are dedicated to the brand.

GlendatheGayWitch ,

The major supporters sure, but that timing could help push people that are still on the fence towards Trump.

Republicans as a whole are better at going to vote than Democrats are, especially so in red states. We don’t need more events scheduled to further rally and anger the right a few weeks before the election. There was already too much violence after the 2020 election.

coyootje ,

I wonder how the Trump fanboys are going to spin this advantagous decision as if the government is out to get him.

PugJesus ,
@PugJesus@kbin.social avatar

What the fuck?

magnetosphere ,
@magnetosphere@fedia.io avatar

I was expecting some kind of last-minute shenanigans like this. Oh well. It’s still been fun watching him absolutely lose his shit over the last few days.

Treczoks ,

What a disappointment. And people wonder why US citizens keep losing trust in the state.

nonailsleft ,

They need to start voting for a better government en masse

Treczoks ,

Indeed. And STAT!

DogPeePoo ,

US “courts” are the laughingstock of the world. 😡

LEDZeppelin ,

Only if you can be white and rich and male, “Justice” system will let you do anything and get away with it.

quindraco ,

Have you ever looked at the numbers? Our system is sexust against men - men consistently serve longer sentences than women, including being incarcerated at all.much more often than women are. Being male is bad for you in court.

nonailsleft ,

Do you have examples of poor hispanic women that didn’t get their bond reduced in this fashion?

DaddleDew ,

Didn’t he brag he had all the money in cash?

ganksy ,
@ganksy@lemmy.world avatar

Exactly.

givesomefucks ,

And he has 10 more days, at which point it’s likely to get moved back again.

If Trump had a couple ounces of pot he’d have been in jail this whole time.

Our justice system is fucked and neither party want to actually hold the rich accountable. Because the people who can do anything are rich.

We need to stop acting like some of these wealthy assholes have the average Americans best interest at heart.

NegativeLookBehind ,
@NegativeLookBehind@lemmy.world avatar

You think pot would do him in? Not the rape, embezzlement, fraud, treason, or tax evasion that he’s actually done?

givesomefucks ,

I really shouldn’t take the time to explain because I can already tell from your comment this won’t be productive…

But:

The point you missed was how punishment is wildly disproportionate, so in lots of places, a couple ounces of pot would get higher sentences for all those crimes you rattled off.

And the people who are arrested for a few ounces of pot, rarely have the money for lawyers to get out of it.

I really didn’t think it would be hard to infer any of that, but man have I been overestimating Lemmy recently. It really feels like the longer this goes on, the more hand holding needs done in comments.

Crackhappy ,
@Crackhappy@lemmy.world avatar

Thank you for taking the time and effort to explain it, as you’re right, inference is lost on the willfully stupid.

NegativeLookBehind ,
@NegativeLookBehind@lemmy.world avatar

Fuck you and your inferences

Crackhappy ,
@Crackhappy@lemmy.world avatar

No inference there. Have a great night my friend.

NegativeLookBehind ,
@NegativeLookBehind@lemmy.world avatar

Glad I was elaborate enough

Crackhappy ,
@Crackhappy@lemmy.world avatar

I keep upvoting you because I like you and disagree with you. Man, the hive mind is strong.

AmidFuror ,

I really shouldn't have to take the time to explain, but the parent comment was poorly written.

If Trump had a couple ounces of pot he'd have been in jail this whole time.

What you actually meant (according to your follow-up) was that if it had been someone poor with a couple ounces of pot, that person would have been in jail this whole time. But you wrote Trump, and then someone logically thought, "No, Trump would get away with that too."

The fediverse would be better if i) commenters were a bit more careful with their wording or ii) they didn't pounce on people rudely for misunderstanding them.

I hope this was productive.

Halosheep ,

Unproductive. Your inability to read intention is not the fault of the original commenter.

NegativeLookBehind ,
@NegativeLookBehind@lemmy.world avatar

You failed to mention that he’d also have to be poor for a weed charge to matter. Fuck inferences, you should be explicit in your explanation. But go ahead and be a total asshole if you want. I’m sure it’s par for the course.

Wrench ,

Or the open and liberal distribution of controlled substances while he was in the Whitehouse.

mercano ,
@mercano@lemmy.world avatar

Why does Broke Don keep getting special treatment?

themeatbridge ,

Because he’s white, rich, and connected. We have no justice in America.

DogPeePoo ,

Apparently Don Poorleone is *not rich

themeatbridge ,

He’s rich enough to do what he wants. The poverty act is so he can dodge paying what he owes.

DogPeePoo ,

He’s less rich and more just connected to Putin’s teat— he’s a leveraged middle man.

His ass belongs to Russia

themeatbridge ,

Considering Russia posted the bond for his rape appeal, I’m inclined to agree with you. But by US court standards, being rich and having rich people bail you out is the same thing.

DogPeePoo , (edited )

Just ask Clarence Thomas

Tacos_y_margaritas ,

He also appointed a lot of friendly judges.

Tylerdurdon , (edited )

You mean Don Poorleone?

AngryCommieKender ,

I prefer Defunded Donny

Zugyuk ,

Porque no los dos

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