New York Judge Arthur Engoron warned law professor Jonathan Turley this week: Fine: $455 million It contains a “poison pill” against Donald Trump.
Aside from the “unprecedented” application of New York state law used against Trump in a civil fraud case, Turley highlights how Engoron’s decision contains “additional unfairness” in new essay did.
Turley explained that this disparity means that President Trump will have to post bail if he wants to appeal the sentence.
“Under New York law, Mr. Trump cannot appeal the judgment unless he deposits the entire amount, including interest, into a court account. It’s difficult,” Turley said. I have written In the New York Post. “Similarly, issuing bonds would require companies to guarantee payments to defendants who are prohibited from doing business in New York and face the need to liquidate large portions of their portfolios.
“For judges like Mr. Engoron, there is nothing more successful than excess. Imposing these astronomical numbers makes it difficult for defendants to appeal without having to declare bankruptcy or sell assets at distressed prices.” or make it impossible,” the jurist explained.
In fact, Turley says that even if Trump wins his appeal, he will end up losing a lot of money.
he explained On Fox News:
It appears that you are trying to appeal a court order to repossess your home, but in order to appeal the order you will need to sell your home. And I don’t think Trump needs to divest any assets, especially if he goes the bond route. However, maintaining the bond means losing some of your money, so even if you win, it will cost you a lot of money. But by making the ruling so large, the judges will make it difficult to appeal his ruling, ensuring that Trump will lose a lot of money even if he wins.
Meanwhile, President Trump can ask the court to waive or reduce bail. Turley said the judge should consider such a thing because of the legal circumstances of the case.
“This has really gotten to the point where it’s coercive for the parties and it’s going to be forfeited,” he said. “In reality, you have to make a fire sale to cover the bond just to have someone see one judge’s decision.”
However, a compromise appears difficult as New York Attorney General Letitia James (D) has already threatened to seize Mr. Trump’s assets.
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