CNN Chief Legal Analyst Paula Reed said Monday on “The Newsroom” that the appeals court’s decision to reduce former President Donald Trump’s fraudulent appeal bond payment was an “incredible victory.” .
A partial transcription follows:
Kaitlan Collins: I’d like to bring in CNN’s Paula Reid. And, Paula, we were just about to have Trump come in there and we weren’t talking about what was going on inside the courtroom, but instead we were talking about this ruling by the Court of Appeals. He said he would pay this within 10 days. The reason for this is not entirely clear, but it is much less than what he initially believed he would have to put up with.
Paula Reed: This is amazing! And we saw him heading into this court hearing a few hours ago. He barely spoke to the camera. He looked like he was crouched down on the court, looking down. He faced the possibility that the New York State Attorney General would eventually begin proceedings to seize his assets.
And now he was handed this amazing victory. The lifeline from the appeals court is that he only has to contribute $175 million, rather than the nearly $500 million he was never offered or filled.
And they also suppressed some other aspects of civil fraud judgments. He and his sons can continue to operate their businesses and seek loans in New York state, and the attorney general’s authority to enforce the judgment was postponed until September. So this is a big victory for former President Trump. Judgment for civil fraud.
Now, Alina Haba, one of his lawyers in the civil fraud case, has issued a statement saying that she is very happy with this judgment and believes that this judgment will be reflected in part in the judge’s verdict. announced. , quote, is an insult to all Americans. This is the first important step in an ongoing battle, as they are appealing the decision. now. Caitlan, they are not expected to win on appeal. But the bond issue is at stake for Trump, and it was a big victory for him.
Follow Pam Key on Twitter @pamkeyNEN
