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Trump appeals New York civil fraud verdict(www.cnbc.com)

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MicroWave@lemmy.world
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KEY POINTS

  • Former President Donald Trump is appealing the New York civil judgment finding him liable for fraudulently inflating his net worth on years of financial statements.
  • Judge Arthur Engoron had ordered Trump to pay more than $450 million in fines and interest for his fraudulent business practices.
  • The notices of appeal do not indicate that Trump has secured an appeal bond, which is required in order to pause the judgment from being enforced.
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FlowVoid@lemmy.world
27 points
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lawyers know they can’t appeal

This is a common misconception.

You do not need to put up money or bond to file an appeal. You need them to pause enforcement while the appeal is in progress.

In other words, if Trump appeals without putting up a bond then the plaintiffs can start selling Trump’s property while the appeal is still in progress. In which case, if Trump ultimately wins on appeal then they would return some or all of the sale proceeds.

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dhork@lemmy.world
17 points

Gosh, that’s going to make him even whiner, if the appeal can go forward but he is still subject to having assets seized to pay for it. “I filed an appeal, but they’re taking my stuff anyway! ELECTION INTERFERENCE!!!1!11!!1!” Even though that’s how it works for everyone.

He’s basically White Privilege personified. If he’s not getting special treatment, then it’s unfair.

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