A New York appellate judge slapped down Donald Trump's latest attempt to employ his "Delay Delay Delay" tactics on his $454 million civil fraud penalty on Wednesday. He must now pay a $100 Million bond if he wants to appeal the ruling.

Judge Anil Singh ruled that Trump must post a bond covering the full amount if he wants to stop the judgment from being enforced. However, that same judge granted a few of Trump's requests, such as the three-year ban on him seeking loans from New York banks, as these are necessary for him to secure a loan to pay off that massive bond.

Earlier that day, the former president's attorneys told the appellate court that their client was prepared to post a $100 million bond. They argued that the lending ban that was part of the verdict "made it impossible for him to secure a bond for the full amount."

The Trump attorneys also floated the offer of a smaller bond, according to court documents. However, Judge Singh shut that offer down and ruled that the former president must pay the full amount should he want to pause the collection automatically.

Donald Trump and his co-defendants only have until March 25 to secure a stay on the collection. If they fail to do so, CBS News noted that they will be forced to pay the monetary penalty or risk having some of their assets seized. New York AG Letitia James previously made it clear that she and her office are already prepared to seize Trump Organization assets if this were to happen.

Donald Trump Attorneys and New York AG React to Ruling

Donald Trump's attorneys released a joint statement after the ruling.

"The exorbitant and punitive amount of the judgment coupled with an unlawful and unconstitutional blanket prohibition on lending transactions would make it impossible to secure and post a complete bond," it read.

Meanwhile, AG James stated that she opposed the former president's plan because his lawyers have all but conceded he has "insufficient liquid assets to satisfy the judgment."

"There is no merit to defendants' contention that a full bond or deposit is unnecessary because they are willing to post a partial undertaking of less than a quarter of the judgment amount," she wrote in her opposition to the Trump plan. "Defendants all but concede that Mr. Trump has insufficient liquid assets to satisfy the judgment; defendants would need 'to raise capital' to do so."

Donald Trump Claims He Is 'Too Rich' To Pay $91 Million Bond in E. Jean Carroll Case

While Donald Trump is offering to pay that larger $100 million bond for his fraud trial, he is also trying to get out of paying his $83 million penalty to former writer E. Jean Carroll for defaming her. He has vowed to challenge the ruling but is refusing to pay the bond to halt the judgment being enforced. That $83 million penalty could be paused if he pay 110% of that judgment through a bond that would be worth around $91 million.

According to Newsweek, the Trump legal team requested an unsecured stay where he does not have to pay a bond to stop the enforcement. However, they also claimed that Carroll "effectively conceded that she is adequately secured" after suggesting to the jury during the civil trial that Trump's personal wealth "greatly exceeds the amount of the judgment."

This means that Trump is effectively saying he is "too rich' to pay the judgment, so therefore, it "nullifies risk to the judgment creditor and weighs heavily in favor of an unsecured stay." The motion was denied.

This article is owned by Latin Post.

Written by: Rick Martin

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