


It’s just being reported that Trump has lost his appeal to stay the outrageous bond of $454 million in the civil fraud case in New York City.
Earlier we reported that Trump was asking the court to accept $100 million as he works to get the larger amount stayed. But the court refused his request.
However the court did reverse the ban on Trump’s ability to get loans in New York, which could aid him in coming up with the rest of the bond.
Here’s more from CNN:
Former President Donald Trump must come up with the full bond amount to cover the $454 million verdict in the civil fraud trial, an appeals court judge ruled Wednesday.
The judge, however, lifted a ban on Trump’s ability to obtain loans from a New York bank, which could allow him to obtain the necessary funds.
The court also denied Trump’s request to delay his obligation to post $454 million until his appeal of the civil fraud verdict is over.
Trump’s attorneys had offered to post a $100 million bond, about one-fourth owed, to go toward the judgment, saying they can’t access the capital market to raise money because of the ban on obtaining loans.
“The judgment order unprecedented and punitive disgorgement of nearly $460 million and overbroad permanent injunctive relief against Appellants in the absence of legal authority or factual support,” Trump’s attorneys wrote in a filing earlier Wednesday.
Trump has less than 30 days to post the money to prevent the New York attorney general’s office from taking steps to execute the judgment, including potentially move to seize properties. It is not yet clear how he plans to cover the payment.