Admittedly it was without those delicious atmospherics. But the substance was pretty close. Donald Trump now owes the state of New York $454 million. To appeal the verdict and to pause the state’s efforts to collect the judgment during that appeal, Trump has to post a $454 million bond. Today Trump’s lawyers went into court and asked the judge to accept a $100 million bond in lieu of the $454 million. They said that $100 million was as much as Trump could come up with. If the judge rejected the plea “properties would likely need to be sold to raise capital under exigent circumstances.” In other words, Trump would have to sell off property at fire sale prices and suffer harm that could not be undone if he gets the judgment thrown out on appeal.
Associate Justice Anil Singh denied Trump’s request.
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