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Appeals court rejects Trump’s request to delay civil fraud penalty

Appeals court rejects Trump’s request to delay civil fraud penalty

Appeals court rejects Trump’s request to delay civil fraud penalty

Donald Trump at 60 Centre Street in Manhattan's supreme court; NEW YORK CITY - AUGUST 17 2015

A New York appeals court is rejecting Donald Trump’s request to pause the enforcement of the civil fraud penalty he’s facing.

Trump’s legal team had argued the judgement made it “impossible” to secure a bond covering the full amount of 454-million. His lawyers instead offered to put up a 100-million dollar bond.

An appellate judge, however, ruled that Trump must cough up the full amount. But he did freeze the ban on Trump and his adult sons from running their business in New York, which could enable the former president to access some funds. This as Trump appeals the judgement finding him liable for fraudulently inflating his net worth on financial statements.

 

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