Trump’s Astronomical Bond Slashed By Appeals Court
Drops by more than half of punitive amount
A bond demanded by a leftist judge in New York who decided in a case that had no victims that President Donald Trump committed fraud and should be fined almost half a billion dollars has been slapped down by an appeals court.
The Daily Caller News Foundation reports the ruling means the court will block collection of Engoron’s judgment, a punishment demanded by New York Attorney General Letitia James as the answer to her campaign promise to “get” Trump, if Trump’s companies are able to post a bond of $175 million in 20 days.
The original deadline for the bond was Monday. And Trump’s lawyers already had offered to post a bond of $100 million to appeal Engoron’s punishment.
Will this presidential election be the most important in American history?
Trump’s lawyers had explained a week ago bonding companies were unable to consider a bond of that magnitude.
There also had been arguments against Engoron’s financial demands based on the constitutional principals against excessive punishment, and equal access to the courts, meaning Engoron’s demands might have been established simply in order to prevent Trump from being able to appeal his ruling.
Arthur Engoron
The report noted that legal analysts had predicted James “will most likely move to seize former President Donald Trump’s bank accounts” without a bond being provided.
They said the bank accounts likely would be more readily seized than property, with its complicated ownership status.
WND reported earlier that a commentary published at the Washington Examiner warned the agenda pursued by James and Engoron was turning America into a “3rd World” country with their attack on Trump.
The worked together to come up with a $450 million penalty for Trump and his business through an archaic fraud law – despite the fact there were no complaints against Trump, no one lost any money, all the loans were repaid, and the factors involved essentially included routine real estate deal procedures.
“The biggest casualty of this grotesque abuse of prosecutorial power will be America. We are losing the one thing that separates us from Third World countries: equal justice under the law,” explained Elizabeth Stauffer, a fellow at the Heritage Foundation Academy and a contributor to multiple publications.
She pointed out that James repeatedly has threatened that if Trump cannot pay the fine plus interest, she will move to seize his New York assets.
The appeals court’s decision to suspend Engoron’s decision and allow a bond means Trump’s case then can be heard by appeals judges.
The commentary pointed out, “Not only was this a victimless crime, according to George Washington University Law School professor Jonathan Turley, but during the trial, ‘witnesses [loan officers] testified that they wanted to do more business with Trump, who was described as a ‘whale’ client with high yield business opportunities.'”
And the ramifications already have started, with Shark Tank star Kevin O’Leary perceiving the Democrats’ abuse of the legal system against Trump as an “attack on America.”
“The reason this is the No. 1 economy on Earth is because we have laws and we have due process. And we have property rights. It attracts capital from all around the world. All of that is being shaken to the core here. It has absolutely nothing to do with Donald Trump at this point, in my view, and it is completely bipartisan. This is an attack on America. No one is going to put any money to work in New York in these amounts until this thing settles down. The whole world is watching, and everybody’s waiting for one thing we haven’t got yet: adult supervision,” he said.
Stauffer suggested given the goals established by James and Engoron, “What investor, foreign or domestic, would risk buying property in New York? Or in any other Democratic-run U.S. city? James is going for immediate gratification here and ignoring the unintended medium- and long-term consequences that will surely follow. ”
“O’Leary is right. Love him or hate him, this is bigger than Donald Trump. The biggest casualty of this grotesque abuse of prosecutorial power will be America.”
For 25 years, WND has boldly brought you the news that really matters. If you appreciate our Christian journalists and their uniquely truthful reporting and analysis, please help us by becoming a WND Insider!
Content created by the WND News Center is available for re-publication without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@wndnewscenter.org.
SUPPORT TRUTHFUL JOURNALISM. MAKE A DONATION TO THE NONPROFIT WND NEWS CENTER. THANK YOU!
Originally posted at WND
Related:
- James, Engoron Turning U.S. Into ‘3rd World’ Nation, Commentary Warns
- Judge Engoron Accused of Banging Secretary of Opposing Counsel in Previous Case…
- MISTRIAL INCOMING: Video Footage Depicts Gross Misconduct By Judge Engoron’s Law Clerk In Trump Trial (Video)
- New York Businesses Now Threatened By Trump ‘Precedent’
- Statement By NY Democrat Gov. Kathy Hochul PROVES Trump Verdict Partisan, Politically Motivated
Turn your back on Big Tech oligarchs and join the New Resistance NOW! Facebook, Google, and other members of the Silicon Valley Axis of Evil are now doing everything they can to deliberately silence conservative content online, so please be sure to check out our MeWe page here, check us out at ProAmerica Only and follow us at Parler, SocialCross, Speak Your Mind Here, and Gab. You can also follow us on Truth Social here, Twitter at @co_firing_line, and at the social media site set up by members of Team Trump, GETTR.
Give a middle finger to unaccountable global censors and big tech fascists. Bookmark this site, sign up for our newsletter, and check back often.
While you’re at it, be sure to check out our friends at Whatfinger News, the Internet’s conservative front-page founded by ex-military!
And be sure to check out our friends at Trending Views:
