The New York judge who imposed a nearly half a billion dollar fine on former President Donald Trump has increased the pressure.
Judge Arthur Engoron has now ordered that the former president must disclose his efforts to secure a bond to the court-appointed monitor, former federal Judge Barbara Jones.
“The Trump Organization shall inform the Monitor, in advance, of any efforts to secure surety bonds,” the judge said in the order, as well as “any personal guarantees made by any of the Defendants,” NBC News reported.
It came as the former president’s attorneys asked an appeals court to excuse him from paying the fine before he appeals, saying that it would cause “irreparable harm.”
They said that securing the bond would be “a practical impossibility” because the companies that would issue such a loan would not accept real estate as collateral.
The former president tore into the judge on his Truth Social account on Thursday.
“If I sold assets, and then won the Appeal, the assets would be forever gone. Also, putting up money before an Appeal is VERY EXPENSIVE. When I win the Appeal, all of that money is gone, and I would have done nothing wrong,” he said. “He gave us a demand which he knows is impossible to do.”
The judge’s order also said Trump has to disclose any transfers of $5 million or more “to any individual defendant.”
“Defendants shall not evade the terms of the Monitorship Order by transferring assets, reincorporating existing business entities in other forms or jurisdictions, modifying entity ownership, or any other form of restructuring or change in corporate form,” it said.
Missouri Attorney General Andrew Bailey tore into New York Attorney General Letitia James this week for moving to seize former President Donald Trump’s assets.
Bailey appeared on ‘Fox & Friends First’ to discuss the latest Trump civil case in New York City and why he believes there is no legal justification for seizing his assets.
“This is a gross miscarriage of justice. Letitia James is masquerading as a competent attorney. There is no reference to case law, and no legal authority for what she is doing. This was a civil fraud trial and the claim was banks gave loans to President Trump based on misrepresentation,” Bailey began.
“Letitia James is not going after the banks for providing those loans. President Trump is a brilliant businessman and made tons of money for these banks, and every investor and Letitia James hates that and his success,” he added.
