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Judge wants details on any Trump Organization attempts to secure a bond in its civil fraud case (www.nbcnews.com)

submitted 2 years ago by MicroWave@lemmy.world to c/news@lemmy.world

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Judge Arthur Engoron said he wants the company to inform the court-appointed monitor in advance of "any efforts" to get a bond.

The judge who handed down a $464 million judgment against Donald Trump, his company and co-defendants in a civil fraud case has ordered the Trump Organization to keep the court closely informed about any efforts to secure a bond ahead of Monday’s deadline.

New York state Judge Arthur Engoron said Thursday that Trump's company needs to provide details to a court-appointed monitorabout attempts to obtain a bond that would stop authorities from collecting on the judgment while it appeals last month's ruling. The monitor, former federal Judge Barbara Jones, is to report regularly to Engoron.

"The Trump Organization shall inform the Monitor, in advance, of any efforts to secure surety bonds," Engoron said in his order, as well as "any personal guarantees made by any of the Defendants," which would include the former president.

The order — part of a larger ruling detailing and expanding the monitor's duties — comes days before the deadline for Trump and his co-defendants to secure a bond that would stop New York Attorney General Letitia James' office from being able to collect on the judgment while they appeal Engoron's ruling.

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[–] Corkyskog@sh.itjust.works 6 points 2 years ago* (last edited 2 years ago)

I too am pessimistic. I am not a lawyer, but every legal analysis I have read paints this situation as pretty bad for him financially. Maybe he gets bond before they start liquidating, but from everything I read he is extremely unlikely to win out in the appeal process. Best likely outcome from him is Putin somehow gives him a half billion dollar loan and it doesn't somehow run afoul of sanction and finance law. Or it does run afoul, but it's a criminal thing and he has been able to dodge criminal cases like Neo from the Matrix.