The Judge who Ordered Trump to Pay $354 million in Fines, and nearly $100 million in Interest, in His Civil Fraud Case in New York, Denied a Request from Trump's Lawyers to a 30 Day Delay on Payment.
In an email to Trump's Legal Team and Lawyers from the New York Attorney General's Office on Thursday, Judge Arthur Engoron of the New York State Supreme Court said He would Sign a Judgment proposed by the State that Finalizes His Ruling.
"You have failed to explain, much less justify, any basis for a stay," He wrote, addressing Trump Attorney Clifford Robert. "I am confident that the Appellate Division will protect your appellate rights."
Last Friday, Engoron ruled that Trump and the Trump Organization must Ppay a total of $453.5 million in Fines, and Interest for orchestrating a decade-long Scheme to inflate the value of Assets to obtain more favorable Loan and Insurance Terms.
He barred them from seeking Loans from Financial Institutions in New York for Three years, and said an Independent Monitor would Oversee the Company for the same Amount of time.
Trump is also Banned from Serving as an Officer or Director of any New York Corporation for Three years. The Decision included a variety of Fines and Sanctions for several other Defendants, including Trump's Two Eldest Sons.
Trump has vowed to Appeal the Ruling, which requies Collateral, and has Harshly criticized Engoron and New York Attorney General Letitia James (D), alleging they pursued the Civil Case for Political reasons.
Trump's lawyers asked Engoron on Wednesday, to postpone Enforcement of the Judgment, arguing in a separate Letter that the Delay would "allow for an orderly post-Judgment process, particularly given the magnitude of Judgment."
Engoron replied over Email that the proposed Judgment "accurately reflects the spirit and letter of the February 16 Decision and Order," and said He intends to Sign the proposed Judgment Friday, and send it to the Clerk for further Processing.
The Judge said Trump's Attorney had "failed to explain, much less justify, any basis for a stay," denying His Request to pause Enforcement of His Ruling.
In Order to Appeal the Decision, Trump would need to post a Bond covering the $354 million in Penalties plus 9% in Interest.
Some Banks could Post the Bond, for a hefty Fee, but they will want Security that they can Liquidate easily, and that may require some Sale of of His Assets.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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