Former President Trump asked a New York appeals court to put on hold the enforcement of the multimillion dollar penalties he faces in his civil fraud case, suggesting he’d post a $100 million bond while the process plays out.
Judge Arthur Engoron ordered Trump to pay nearly $355 million, plus interest, in penalties after finding he conspired to alter his net worth to receive tax and insurance benefits. The total judgment against Trump, which climbs nearly $112,000 in interest each day he doesn’t pay it, now amounts to more than $454 million.
On top of that, Engoron ruled that Trump, his business and top executives could not obtain loans from New York banks for three years.
Trump’s lawyers wrote in court filings Wednesday that the staggering judgement makes it “impossible” to secure a bond covering the full amount, which would have automatically put enforcement of the penalties on pause.... Read More: The Hill