A New York appellate division judge ruled Wednesday that multimillion-dollar penalties imposed on former President Trump in his civil fraud case will not be paused while he appeals the judgment; however, for now, Trump can apply for loans.
Justice Anil Singh temporarily denied the former president’s request to stay the enforcement of the more than $454 million in penalties a different New York judge ordered him to pay for conspiring to alter his net worth to receive tax and insurance benefits.
Trump had offered to post a $100 million bond while the appeals process plays out, writing in court filings that the staggering judgment made it “impossible” to secure a bond covering the full amount. Posting a bond in the full amount would automatically halt enforcement of the penalties.
However, Singh did grant a temporary pause on two other elements of Judge Arthur Engoron’s ruling earlier this month: that Trump and his co-defendants can’t serve in top leadership positions in any New York business, and that the defendants cannot apply for loans from any New York financial institution.
……..
- Discussion
-
#BREAKING: Judge rejects temporary pause in the enforcement of President Trump's civil fraud penalties https://t.co/JmyPmRnFAq pic.twitter.com/RGiXmL0aIB
— The Hill (@thehill) February 28, 2024
You must be logged in to reply to this topic.