Donald Trump was supposed to have to post a $464 million bond by Monday or else the state of New York could begin collecting on the massive civil fraud judgment leveled against him earlier this year. An appeals court bailed him out, blocking collection of the judgment and giving the former president 10 days to post a drastically reduced $175 million bond.

The order is a huge win for Trump, whose assets were going to be subject to seizure if he couldn’t post nearly half-a-billion dollars by Monday. His lawyers said last week he wasn’t going to be able to come up with the money after 30 underwriters rejected him. The New York Times has reported that Trump is expected to be able to scrounge the new, reduced $175 million bond

  • ConditionOverload@lemmy.world
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    6 months ago

    The legal system is doing EVERYTHING it can to delay literally everything for this man, just so that election time will creep closer and closer and they can just say, “oh it’s too close to election time and we can’t just cancel a Presidential candidate in the midst of all this”.

    These exceptions will never be given to any normal citizen of the US, but when it’s this rich orange idiot, every rule in existence will bend.

    • Icalasari@fedia.io
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      6 months ago

      May Trump and his VP pick both have fatal heart attacks late September/early October

    • TranscendentalEmpire@lemm.ee
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      6 months ago

      Yep, trump is not the only person on trial here. You can’t set a precedent that actually punishes financial fraud to the point where you can’t actually profit from it when you’re eventually caught.

      Trump isn’t the only real estate tycoon in NYC who has been fraudulently inflating the value of their assets. It would be uncomfortable for the judges to have to make a similar decision in the future to campaign donors.

    • no banana@lemmy.world
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      6 months ago

      Tbf the law works both ways. They cannot drop the charges to give him favor in the elections either. After the elections however, if he’s the president…