“Donald Trump faces the risk of losing his real estate assets if he fails to settle a $464 million judgment.”
International newspapers covered a number of issues, including Netanyahu’s approval to send an Israeli team to Washington to discuss the “Rafah Operation,” and Trump’s legal announcement declaring his inability to pay the fraud case fine in New York.
Trump’s lawyers said he contacted 30 escrow companies through four separate intermediaries as he sought an appeal guarantee, and they spent countless hours negotiating with one of the largest companies in the world to no avail.
President Saiq’s lawyers wrote that the amount in the ruling, including interest, exceeds $464 million, and very few bond companies could contemplate any agreement to repay something approaching this size. The order was issued for Trump himself to pay $454 million, while the $464 million includes funds belonging to his sons Eric and Donald Trump Jr.
Insurance broker Gary Giolitti, who testified for Trump in the civil fraud trial, signed an affidavit stating that obtaining a bond for the full amount was practically impossible.The potential guarantors sought money to back the bonds, not the real estate, according to Trump’s lawyers.
The lawyers asked the Court of Appeal to postpone payment of bail until the end of his appeal in the case, arguing that the value of Trump’s property far exceeds the ruling. If the Court of Appeals rules against him, Trump will ask the court to postpone payment of bail until his appeal is heard before the highest court in New York.
In a post on the Truth Social platform, Trump said Monday evening that he believes it is practically impossible for him to post bail. He said that the size of the bail is unconstitutional, un-American, unprecedented, and practically impossible for any company, including a successful company like his.
Judge Arthur Engoron said that the charges against Trump are consistent with his behavior.In his ruling, Judge Engoron stated that they have been accused of inflating the values of assets just to earn more money. They are reluctant to acknowledge their mistakes.
Trump’s sons, Eric and Donald Trump Jr., were also found liable in this case, and each was ordered to pay fines exceeding $40 million.
The judge’s ruling is a victory for Letitia James, the Attorney General of New York State, who accused Trump of using improper means to benefit himself, demanding him to pay $37 million in restitution and also seeking to prohibit him from doing business in the state.
Chris Case, Trump’s lawyer, said that there is no clear and definitive evidence to prove Donald Trump’s intention. Case admitted that there could be errors in Trump’s business financial statements, but there is no conclusion that fraud was committed there.
Trump appeared in a military court in a New York court on Thursday before this, where he faces allegations of concealing payments illegally. This is the first criminal case against a former American president.
Trump’s lawyers were also representing him in Atlanta, Georgia, where he is accused of conspiring to overturn the 2020 elections, in which he lost to Biden.
Trump asked to be allowed to post a bond for a lower amount, but New York State Attorney General Letitia James protested, considering that he could evade implementation or obstruct its mechanism.
