Trump's Bond Amount Reduced by Appeals Court
An appeals court reduced President Donald Trump’s bond amount – now the former President will have to post only $175 million as bond to appeal his New York civil case. How will New York Attorney General Letitia James respond to this latest news? (This is separate from Manhattan District Attorney Alvin Bragg’s case against Trump, for which the President was in court today.)
Donald Trump was granted a partial reprieve as an appeals court drastically cut the $454 million bond he was required to post in his New York civil fraud case Monday.
The court reduced the massive amount to $175 million, a reduction of nearly 62%, and gave him 10 days to come up with the funds.
The embattled presumptive Republican presidential nominee must either fork over the money or post a bond for the amount as he seeks to appeal the massive judgment ordered against him last month.
Let me make something clear up front: The $454 million judgment in Trump’s civil case was not reduced. He is still appealing the full fine amount, but he had to post the bond before he could appeal. He now has a reduced bond, so he can appeal the full $454 million fine.
However, the original bond of almost $500 million has been significantly reduced. As we told you last week, AG James was poised to seize the President’s properties. She had her sights set on several prominent NYC assets and even had the power to go after Mara-a-Lago if she wanted.
But just hours before the New York government started seizing Trump’s properties, the appeals court intervened, reducing the bond and giving the President 10 days to get $175 million liquidated. It’s still a massive sum – for sure – but way less than $454 million, which Trump had told the appeals court he was unable to secure for the bond.
This is somewhat of a preliminary victory for Trump, but he is still adamant that he shouldn’t have to pay a fine at all. A bond is usually in place to protect the victim. But who was the victim of this crime? He was charged with a victimless crime.
The banks noted that they were not defrauded or victims. The banks ensured that Trump paid back the required funds and that the financial institutions did their due diligence. So it didn’t matter how Trump valued his assets – it was all done in the normal course of business.
Most states don’t have statutes that enable a state Attorney General to go after perpetrators of victimless crimes. Clearly, the Deep State is doing whatever it can to prevent the President from running for office again.
Former Secretary of State Mike Pompeo joined the broadcast to denounce AG James’ blatant attempt to remove President Trump from the 2024 election:
This case was brought politically, and now trying to use the financial power that comes along with getting a judgment is fundamentally indecent. . . . We should not forget that they are attempting to use the legal system to undermine an opposing candidate in a political campaign. That is indecent; it’s wrong. It’s inconsistent with American tradition. And I hope broadly speaking, not just with a lowering of a bond in one particular case, but more broadly that they will cease using this and allow us to all compete for votes. And then in November, we’ll see who the American people choose.
Today’s Sekulow broadcast included a full analysis of the appeals court reducing President Trump’s outrageous $454 million fine. We also briefly covered the news that Instagram is the latest social media platform to engage in social media censorship (“limiting “political content”). The Deep State FBI was exposed for colluding with Mark Zuckerberg and Facebook to censor conservatives in 2020, and it looks like the 2024 presidential election will include more of the same attacks on free speech.
Watch the full broadcast below: