Donald Trump still hasnāt posted bond in his New York civil fraud trial, but his lawyer Alina Habba wants you to know that itās definitely not because theyāre having trouble getting the massive amount together.
The former president was fined $354 million for committing real estateārelated fraud in New York. In order to appeal the decision, Trump must post a bond of the full amount plus interestāwhich 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.
āYeah, no, unfortunately I canāt speak to that. Thatās privileged, and I am the attorney, one of the attorneys on that case,ā Habba told Fox News, stating the obvious.
She quickly pivoted to attacking the case altogether, calling the judgment āabsurdā and expressing hope that an appeals court would overturn it.
I believe there is a little leeway in there to allow for an appeal? Heās getting charged interest though, so itās not like heās off the hook.
The bond is needed before you can appeal. Itās like an escrow.
Yes absolutely, but the bond isnāt 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 heās 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 isnāt leeway for an appeal which could take way longer.
I meant pretty much what you are saying. He doesnāt 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.