Former President Donald Trump and his co-defendants can borrow money and keep conducting business in New York while they appeal last week’s landmark civil fraud verdict and prepare to post bond, a judge ruled Wednesday—though the massive judgment against Trump and his associates, which exceeds $450 million for the former president alone, remains in effect.
Former President Donald Trump appealed the verdict in his New York civil fraud case, and is seeking ... [+]
State Appellate Court Judge Anil Singh granted Trump and his co-defendants a partial stay in the fraud verdict, halting a three-year ban on business operations and loan applications in the state of New York, a ruling that could give the former president an opportunity to borrow money to post the bond amount.
Trump had previously argued he could not post the nearly half-billion-dollar penalty he owes, instead offering just $100 million for now.
But the court rejected Trump’s request to stay the judgment against him, his adult sons and executives in the Trump Organization, which totaled $465 million including interest—some $454 million of which was imposed on Trump personally.
This is a developing story and will be updated.