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President Donald Trump has been faced with an unthinkable situation in New York City as a looming deadline approaches on posting nearly a half-billion dollars in bond in the infamous civil fraud suit decision from Judge Arthur Engoron.
As reported by RSBN, Trump was slapped with a $454 million fine at the close of the civil fraud suit led by New York State Attorney General Letitia James, which required him to put up nearly the same staggering amount to appeal the ruling.
Trump has accused the judge of trying to strip him of his “Appellate Rights” and has stated that such a bond amount would force him to mortgage or sell his New York assets “perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone.”
According to the New York Post, Trump’s lawyers have argued that paying the bond is an “impossibility.” He has also been thus far unable to secure the bond amount from appeal bond companies. However, if he does not secure bond, AG James could begin seizing his real estate assets on Monday, March 25 – and that seizure could even include Trump Tower, the crown jewel of the president’s real estate empire.
Trump previously slammed Judge Engoron’s decision to price the bond amount on par with the fine, writing on Truth Social, “Engoron wants me to put up the ridiculous fine (I DID NOTHING WRONG!) before I get a chance to Appeal his crazed ruling – A first!”
Law professor Jonathan Turley stated recently on Fox News that if the president failed to post bond in this case, it would be “the worst possible prospect” and lamented that “if he doesn’t get that bond, he could be viewed in default and he can be viewed as losing his right to appeal.”
Turley called Judge Engoron’s ruling “outrageous” and pointed out, “You can’t just go to a person and say produce half a billion dollars if you want any other judge to look at what I did.”
Yet, that is exactly what Judge Engoron did, and it is unclear if President Trump will post bond before Monday and before the attorney general moves to seize his beloved New York real estate assets.