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New York Appeals Court Gives Donald Trump a $300 Million Break

11 0
25.03.2024

Former President Donald Trump leaves a pretrial hearing during a recess with his defense team on March 25.Mary Altaffer/Pool/AP

Donald Trump received mixed legal news in New York Monday morning, with an appeals court handing the former president an enormous financial break in his civil fraud case. At nearly the same time, however, a different New York judge scheduled an unrelated criminal case against Trump to go to trial next month.

In the civil case, Trump had been found liable at trial for defrauding banks and insurance companies of more than $464 million (including interest and penalties) by giving them falsely inflated values for his properties—which meant he saved hundreds of millions on insurance policies and loan interest. In order to avoid having to pay the entire judgment while while he appeals that verdict, Trump needs to secure a substantial bond that the state could seize if Trump were to ultimately lose case. New York Attorney General Letitia James, who prosecuted the civil fraud case, initially gave Trump 30 days from the verdict to start paying the money he owed. But on Monday, the state appeals court gave Trump an additional 10........

© Mother Jones


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