Appeals Court Bails Trump Out of Having to Post Massive Fraud Bond

Stopthatgirl7@lemmy.world to News@lemmy.world – 547 points –
Appeals Court Bails Trump Out of Having to Post Massive Fraud Bond
rollingstone.com

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

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If they started auctioning off and selling his properties to make money, it would turn over a lot of really dark stones full of other people's criminal activities.

He's being protected by the club he's in, not because they like him but because they would be in trouble if they didn't.

More over, the precedent set here is beneficial to other wealthy individuals.

Other wealthy individuals, even those who sit on the complete opposite side of Trump politically benefit from the appeals court's judgement. It really is just corruption all over.