Donald Trump still hasn’t posted bond in his New York civil fraud trial, but his lawyer Alina Habba wants you to know that it’s definitely not because they’re having trouble getting the massive amount together.
The former president was fined $354 million for committing real estate–related fraud in New York. In order to appeal the decision, Trump must post a bond of the full amount plus interest—which has already reached nearly $467 million, with interest adding $112,000 per day.
When asked Wednesday if Trump was any closer to posting bond, Habba had a very clear answer that raised no red flags.
“Yeah, no, unfortunately I can’t speak to that. That’s privileged, and I am the attorney, one of the attorneys on that case,” Habba told Fox News, stating the obvious.
She quickly pivoted to attacking the case altogether, calling the judgment “absurd” and expressing hope that an appeals court would overturn it.
I believe there is a little leeway in there to allow for an appeal? He’s getting charged interest though, so it’s not like he’s off the hook.
The bond is needed before you can appeal. It’s like an escrow.
Yes absolutely, but the bond isn’t required immediately after the initial judgment, you have some time after the judgment to provide the bond (before making the appeal of course.)
Yes, that would be the ~5 weeks he’s gotten between the judgement on Feb 16 and the due date of March 25.
That was my point. >.>
There is likely a deadline like 90 days or 180 days or something to allow someone to pull together the finances to pay such a judgement. In New York you must post the bond before appealing so it isn’t leeway for an appeal which could take way longer.
I meant pretty much what you are saying. He doesn’t have to pay (post bond) yet because he can still appeal. He has to pay (post bond) before he can appeal, and there is a period of time between the end of the initial case, and the time within which he can start an appeal.