Donald Trump $454M Fraud Trial Judgement Finalized, Clock Ticking for Ex-POTUS To Secure Appeal Bond
Time is now of the essence for former president Donald Trump if he wants to appeal his $454 million fraud trial judgment, as he needs to secure an appeal bond. This comes after a New York clerk finalized the ruling on Friday, meaning he now has only 30 days in the clock to start his appeal process.
The former president's debt has also been allowed to rack up its post-judgment interest of nearly $112,000 each day, as revealed by a spokesperson for New York Attorney General Letitia James.
Trump and his attorneys have vowed to appeal in that 30-day window, according to ABC News. To do that, however, he must deposit "sufficient funds" in a court-controlled account, or he must be able to secure a bond for the total amount. Previous reports indicated that Trump's team has already approached several bond companies to try and pay the hundreds of millions of dollars needed to appeal.
Trump attorney Clifford Robert tried to extend the penalty's enforcement, only to be rejected by Judge Arthur Engoron because he did not give enough reason why the penalty enforcement should be delayed. This means that starting today, "Trump's penalty will increase to $111,984 per day, rather than the $87,502 per day he had owed before the verdict was made official."
The post-judgment interest has already been calculated in the total judgment, which totaled over $100 million in addition to Engoron's $354.9 million penalty for Donald Trump, totaling around $454 million.
Donald Trump Tries To Throw Out $83 Million Defamation Ruling in E, Jean Carroll Case
Meanwhile, as Donald Trump faces a cash crunch just to appeal that massive verdict against him in his fraud trial, he is also trying to throw out the verdict in that other big case he just lost, which is against former Elle Magazine writer E. Jean Carroll.
READ MORE: Donald Trump Having Problems Over Securing Appeal Bond for $450 Million Fraud Trial Ruling
According to the Associated Press, Trump's legal team argued that there was a "strong probability" that it would be reduced on appeal, so the judgment should be thrown out. The lawyers asked Judge Lewis A. Kaplan to also suspend the execution of a judgment he issued on February 8 until the post-trial motions are resolved.
However, it was noted that should the judge grant a partial stay, Donald Trump would be required to post a bond for a fraction of the payment he must give to Carroll.
Law Experts Slam Donald Trump Attempts to Dismiss Classified Documents Case as 'Insultingly Stupid'
Donald Trump is also trying to throw out one of his four criminal cases, and that is the one in Florida, which is the federal case regarding him keeping classified documents in Mar-a-Lago even after leaving office.
The Trump legal team alleged prosecutorial misconduct and selective and vindictive prosecution in their filing to Judge Aileen Cannon, as well as his usual defense of presidential immunity, even after an appeals court panel unanimously ruled that the former president did not have immunity in the DC election subversion case.
According to Salon, this latest attempt to throw out the case was "insultingly stupid." This included US Attorney Joyce Vance, who noted, "The arguments are no more meritorious than the ones the court of appeals in DC already rejected."
READ MORE: Donald Trump Facing Financial Troubles Amid Legal Defeats
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Written by: Rick Martin
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