NY AG Says Court Should Reject Trump’s Request To Get Out Of Paying $464 Million Bond
HuffPost
Trump’s request rests on “unreliable” sources and false claims about previous large financial penalties, according to the attorney general’s office.
The office of New York Attorney General Letitia James urged the New York state Supreme Court on Wednesday to reject former President Donald Trump’s “extraordinary” request to waive or reduce the $464 million bond he owes following his civil fraud conviction.
In a filing, James’ office slammed Trump’s assertion that it is “a practical impossibility” for him to obtain a $464 million bond from a lender as “procedurally improper” and reliant on sources with “personal financial interest[s] in the outcome of the case.”
The document was in reply to Trump’s request for relief from the nearly half-billion bond, and was submitted by senior assistant solicitor general Dennis Fan.
The New York high court found Trump guilty of civil fraud on Feb. 16 for falsifying the business records of the Trump Organization in order to obtain favorable loans for years, in a case brought by James’ office. Trump was ordered to pay $464 million to cover the amount he unlawfully obtained through his fraud, plus interest.
The former president has since appealed his conviction. He’s now required to post the full financial penalty, or else James’ office could begin to seize his properties to collect on the penalty.
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