I. Just. Love. This.
There is no legal or logical basis for letting a fraudster, as found in three separate trials now, offer an IOU — for $550 million, when he claims to be worth “$7 to $12 billion”. None.
His proposed “IOUs” — like his lies about the value of his real property assets — are deserving of withering scrutiny, now. We have judgments.
And, the people of the State of New York must have confidence that they’ll be at the head of the line to collect (“prior in time, prior in right”) — once all the dust settles on all his other manifold legal difficulties.
Here’s Tish James’ take on it, tonight, in a 45 page brief (one citing lots of additional authority):
…To stay enforcement of a set monetary judgment pending appeal, the Legislature has required defendants to post a bond or deposit funds in the full amount of the judgment. That requirement applies to defendant Donald J. Trump and his co-defendants, just as it applies to any other appellant. Resort to the Court’s discretionary or inherent authority to undo the statutory undertaking requirements is neither available nor appropriate.
Securing the full amount of the judgment is necessary to ensure that the Office of the Attorney General (OAG) has a ready fund available to satisfy the judgment after an appeal….
FLAWLESS.
Out.
Powerline Lies... 