Last week, a panel of the appeals court gave Donald Trump, the former president, a major victory. They allowed him to post a $175 million bond in his civil fraud trial, instead of the absurd $454,000,000 bond set by leftist Judge Arthur Engoron.
Trump posted the bond on Monday to prevent New York Attorney General Letitia J. from seizing his assets. He also gave himself the right to appeal this absurd judgment.
“I just posted a 175 million dollar bond with the very troubled and failing State of New York based on a corrupt Judge and Attorney General that used a statute that had never been used before. My financial statements were conservative, and my caution/non-reliance was 100% perfect. There were no victims, except me. There was no crime or damage. Only success and HAPPY banks,” Trump wrote on Truth Social.
Letitia Jam sued Trump, claiming that he had inflated his assets to obtain a loan. Judge Engoron agreed, another Democrat partisan. This case was unique because Trump was accused of a criminal offense for a practice that is common in the real estate industry. This “crime” also had no victim, as the bank Trump obtained the loan from was repaid in full. The bank even testified at his trial in Trump’s defense.
James had campaigned to get Trump and she needed to go after him, even if he hadn’t committed a crime.
James boasted in several posts about Engoron’s absurd decision, but not before the appeals court reduced it.
+$114,553.04 = $464,805,336.70 https://t.co/gugrACDTpC
— NY AG James (@NewYorkStateAG) February 25, 2024
Every single developer of real estate on the planet does this. Kevin O’Leary, a “Shark Tank’ star and renowned investor, told CNN that people always say their assets are worth a lot but the bank tells them ‘no’. If you want to win this case, you have to sue all real estate developers.
Alina Habba, Trump’s attorney, is confident that he will win his appeal.
“As promised by President Trump, he has posted bond.” “He looks forward to vindicating his rights on appeal, and overturning the unjust verdict,” said she in a press release.
NBC News explains that if Trump loses his appeal, he’ll have to pay over $450 million in a judgment arising from the fraud case brought by New York Attorney-General Letitia James.
O’Leary said in February that “the fact that he’s been found guilty is the same as finding guilty every developer of real estate on Earth.” “I don’t understand how someone was hurt… What builder doesn’t demand the highest value for every building they construct?”
O’Leary continued, “If this verdict sticks. All developers must be imprisoned. All developers must be jailed. They need to be shut down. You cannot do this to each other. “It’s not about Trump.”
Trump called the rulings and cases against him electoral interference.
Trump stated on Truth Social that the case was a fabricated ELECTION INTERFERENCE con job. This is bad news for New York where businesses are fleeing and violent crime is thriving. “The Crooked judge, to fit his narrative, valued Mar-a-Lago in Palm Beach Florida at $18,000,000 when it is worth between 50 and 100 times this amount,” Trump said on Truth Social. He declared me guilty even before he had seen the case. Letitia Jam, who ran a campaign to impeach TRUMP, should also be disbarred. I also posted a bond of 91 million dollars on a New York fake case, money that I cannot use for my campaign. Crooked Joe got what he wanted. “WITCH HUNT!”
