Trump loses attempt to pause $454m fraud ruling – for now
An appellate court judge in New York has partially rejected Donald Trump’s attempt to pause a $454m judgment against him as theformer president navigates his appeal of a devastating ruling after a years-long fraud case.
State appellate judge Anil Singh on Wednesday denied Mr Trump’s request to halt enforcement of the monetary judgment against him, but the former president will still be allowed to direct his real estate empire and apply for loans.
Mr Trump must pay the full amount of the judgment or post bond to halt the ruling against him as he appeals the decision from New York Justice Arthur Engoron, but the former president and his co-defendants can now get financial help to do it.
Attorneys for Mr Trumprequested to put up only $100m to post bond in an appeal, signalling that the former president is coming up short to block it. Mr Trump’s attorneys had argued that they could not secure a bond with the loan penalty in place.
In alengthy filing to a New York appeals court, the former president’s legal team argued that the sprawling case against him and his family business falls outside the statute of limitations, with a final judgment representing an “unprecedented and unconstitutional” violation of his Eighth Amendment right against excessive fines.
They argued that his ban from running his companies and receiving loans is “draconian” and would “needlessly result in irreparable injury,” setting a precedent for “any citizen of this State who has the misfortune of dissenting” from the “politics” of state attorney general Letitia James, whose three-year investigation and lawsuit sparked a months-long trial in Manhattan.
Wednesday’s order is temporary, with Mr Trump’s motion now headed to a full panel of appellate judges.