Donald Trump posted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing.
A New York appellate court had given the former president 10 days to put up the money after a panel of judges agreed last month to slash the amount needed to stop the clock on enforcement.
The bond Trump is posting with the court now is essentially a placeholder, meant to guarantee payment if the judgment is upheld. If that happens, the presumptive Republican presidential nominee will have to pay the state the whole sum, which grows with daily interest.
If Trump wins, he won’t have to pay the state anything and will get back the money he has put up now.
Assume for a moment that the appeal comes back and overturns the judgment. Let’s even assume that it is a completely legitimate reason for it being overturned.
How do you unwind taking that property and selling it? My understanding is that NY doesn’t have a redemption law for property that is levied and sold.
The appeals court has to at least consider the possibility of legitimately overturning the case.
Who fucking cares? He is a rich asshole who committed blatant fraud and tried to overthrow the government and worst case is is slightly less wealthy than he was before court while the average person is flat broke from lawyer fees and their lives ruined from the same situation.
Shilling for Trump should make you embarrassed.