A New York appeals court has blocked the collection of Donald Trump's fraud judgment, ruling that he has 10 days to post a $175 million bond.

Donald Trump was supposed to have to post a $464 million bond by Monday or else the state of New York could begin collecting on the massive civil fraud judgment leveled against him earlier this year. An appeals court bailed him out, blocking collection of the judgment and giving the former president 10 days to post a drastically reduced $175 million bond.

The order is a huge win for Trump, whose assets were going to be subject to seizure if he couldn’t post nearly half-a-billion dollars by Monday. His lawyers said last week he wasn’t going to be able to come up with the money after 30 underwriters rejected him. The New York Times has reported that Trump is expected to be able to scrounge the new, reduced $175 million bond

  • CaptDust@sh.itjust.works
    69·
    1 year ago

    Do these judges have to explain their decision? Is there an opinion published somewhere? I’d love to understand what context brought them to this conclusion, I’ve never heard of someone gaining leniency because they couldn’t afford the fine.

    There’s an old saying in Tennessee, I know it’s in Texas, probably in Tennessee — that says, “don’t do the crime if you can’t do the time”…

    • cogman@lemmy.world
      42·
      1 year ago

      The published order is just that. It doesn’t explain the why or whatever just “We are reducing the bond amount and not removing the other limitations of the ruling”

    • jballs@sh.itjust.worksEnglish
      12·
      1 year ago

      There’s an old saying in Tennessee, I know it’s in Texas, probably in Tennessee

      You know we’re fucked when I’m nostalgic for a time when Republicans were just dumb fucks trying to make their friends rich, rather than dumb fucks trying to destroy our democracy.