Appeals Court Bails Trump Out of Having to Post Massive Fraud 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

ChonkyOwlbear,

How funny would it be if he can’t raise the $175 million either.

Darkassassin07,
@Darkassassin07@lemmy.ca avatar

He’s already recently stated he has the full half billion in cash on hand, just refuses to pay in cash, and bonds companies won’t touch him.

They didn’t give him a break because he can’t pay, they gave him a break because he refuses to.

guacupado,

They gave him a break because he put half the supreme court in there, which is all downwards pressure.

Darkassassin07, (edited )
@Darkassassin07@lemmy.ca avatar

Are there Supreme Court Justices in the New York court of appeals? (I haven’t taken the time to look) can they even serve both?

This particular one isn’t a federal case.

kent_eh,

He’s already recently stated he has the full half billion in cash on hand

He says lots of things.

Almost all of them are lies, and/or contradict other things he has said.

AbidanYre,

He’s also a well known liar. There’s no reason to believe he has the full amount in cash

Darkassassin07,
@Darkassassin07@lemmy.ca avatar

In a situation like this, he should be held to his word.

He’s the one that’s said he has the funds available; so why should he get a break?

It’d be different if that figure was pulled from thin air; but it was based off of his own valuations.

AbidanYre,

I’m not saying he should get any kind of break. If he can’t put up the money they should start seizing property. I’m just not convinced he has $400M lying around.

werefreeatlast,

Actually he can’t pay that much either!

Poor Trump!

Okay, I figured it out! How about all his republicans buy his golden shoes, I wash his car, and give him a personal back massage? Rob you fix up his fence, Stephen, you and Mary go and vacuum under all his beds. Frederick and Stacey will do the cooking for month.

How does that sound? And I also want to give him 5 bucks. Is that okay for bail?

But, but, but, I only like girls! , I couldn’t possibly! And my neck and knees hurt! Fine! Okay but only the top and only for a minute. Rob will take second turn when he’s done with the fence.

Darkassassin07,
@Darkassassin07@lemmy.ca avatar

And there goes every last shred of hope I had for America.

The country is fucking doomed, and it’ll drag the rest of the world into chaos with it. We’re all fucked.

xenoclast,

We were fucked long before this clown showed up. If anything we should be grateful that he shine the light on it by being so obvious about it.

Time to start dragging billionaires into the streets.

YarHarSuperstar,
@YarHarSuperstar@lemmy.world avatar

Yes; no, well maybe partly; yes. Respectively

xenoclast,

It hurts me that I wrote grateful… if I had considered my reply longer than I took to take a dump I wouldn’t have written it that way. My apologies

YarHarSuperstar, (edited )
@YarHarSuperstar@lemmy.world avatar

I understand what you meant, but I also think we shouldn’t be grateful to him for anything really.

Edited to add that I meant to begin by saying “apology accepted”.

SmackemWittadic,
@SmackemWittadic@lemmy.world avatar

You’re smarter while taking a dump than most people are while voting for who represents them, as well as being much more willing to rethink things when questioned.

Mastengwe,

Seriously? This is surprising to people? How did you not see this coming?

MyTurtleSwimsUpsideDown,

It’s not surprising, but it’s still disheartening.

OhmsLawn,

It’s not surprising, just disappointing. I’ve learned never to get my hopes up.

Yawweee877h444,

Not surprised at all, but obviously dissapointed.

What does it say about our society and justice system if we’d be more surprised if he actually was held accountable, as opposed to getting off lightly.

m13,

So we can all just do whatever we want without consequences right? Or is it still just rich fascists the rules don’t apply to?

BlackNo1,

burn this country down

Yawweee877h444,

Rule of law either doesn’t apply or is very lenient to rich people.

SonicDeathTaco,

The application of the rule of law being dependent on the size of one’s bank account has long been a proud bipartisan tradition in this country.

someguy3,

People say he’s being treated different, and he is. Special treatment in his favour.

danekrae,

What a great country you guys have…

JoMiran,
@JoMiran@lemmy.ml avatar

Every other country in the world reading that comment. https://lemmy.ml/pictrs/image/7ddb8ee5-9adc-45f6-a7cf-12cab896f0a3.png

The one universal truth is that the same rules do not apply to the rich and powerful, no matter where you live.

danekrae, (edited )

Suuure…

Edit: You guys have clearly been everywhere…

aStonedSanta,

Where do you live?

MeekerThanBeaker,

Denialand.

NounsAndWords,

I have lost all faith in our justice system.

BossDj,

I have lost all faith in our justice system.

thesohoriots,

“Justice system” is a misnomer. “Legal system” is more apt.

BestBouclettes,

You still had any? Damn…

FlyingSquid,
@FlyingSquid@lemmy.world avatar

There was never reason to have faith in it to begin with.

It’s a justice system that began with maintaining the institution of chattel slavery and continues to maintain the institution of slavery through the prison system, and convicting black people more often and for longer sentences.

nondescripthandle,

How republican do I have to be to get light sentences for crime because Im trying to ***** a *** in the ****

TheMusicalFruit,

Does anyone else have a feeling he won’t be able to come up with this amount either?

elbarto777,

Yup.

tygerprints,

He doesn't have to, his sycophantic followers will go into bankruptcy to provide it for him. I just found out he's already raised more than this to pay the debt as of this morning.

ReallyActuallyFrankenstein,

He’s already posted a reaction post to Truth Social which fawns over the Appeals Court ruling. I don’t trust the words if he says he can pay, but I trust that he would be whining like a toddler in time-out right now if he couldn’t. So he’ll probably be able to pay.

FaceDeer,
@FaceDeer@fedia.io avatar

Until he thinks "wait a minute, I whined and whined and they reduced the bond. Maybe if I continue whining and whining they'll reduce it more."

PerogiBoi,
@PerogiBoi@lemmy.ca avatar

I have zero doubt that he will be able to fundraise this amount in the 10 day extension he was given. There are several people I went to high school with (in Ontario) that are actively donating to him.

kent_eh,

have zero doubt that he will be able to fundraise this amount in the 10 day extension he was given.

He has been pumping that well for a long time. It’s going to go dry at some point.

dogslayeggs,

It’s a lot easier to get a few $50M bonds than to get five $100M bonds (I read some post that said these big bond places have firm limits at $100M). It also gives him 10 more days to tout how he is about to make $3B on his Truth Social sale (to a shell company who overinflated the price) and will totally be good for the bond. I think he can do it just to avoid them digging into his finances.

It’s complete bullshit. Normal people are not given this kind of leniency.

tygerprints,

Shit. Shit. Shit shit shit. I knew some asshole stunt like this would happen. I said it at the very beginning - trump will never pay for any of the despicable things he's done, and he'll never ever set foot in prison.

I do not know what sort of strings he has attached to other people's spines, I do not know what sort of tremendous fear they have of him or what strange powers he must have - but I knew, I KNEW some horseshit like this would come along and fuck up the whole fucking process.

THe judicial system in the U.S. is an utter piece of total crap.

jordanlund,
@jordanlund@lemmy.world avatar

37% of the original total.

(NSFW)

youtu.be/1OQl89ewXvc#t=55

Erasmus,
@Erasmus@lemmy.world avatar

Rules for thee but not me me!!

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