Judge Arthur Engoron said he wants the company to inform the court-appointed monitor in advance of “any efforts” to get a bond.
The judge who handed down a $464 million judgment against Donald Trump, his company and co-defendants in a civil fraud case has ordered the Trump Organization to keep the court closely informed about any efforts to secure a bond ahead of Monday’s deadline.
New York state Judge Arthur Engoron said Thursday that Trump’s company needs to provide details to a court-appointed monitorabout attempts to obtain a bond that would stop authorities from collecting on the judgment while it appeals last month’s ruling. The monitor, former federal Judge Barbara Jones, is to report regularly to Engoron.
“The Trump Organization shall inform the Monitor, in advance, of any efforts to secure surety bonds,” Engoron said in his order, as well as “any personal guarantees made by any of the Defendants,” which would include the former president.
The order — part of a larger ruling detailing and expanding the monitor’s duties — comes days before the deadline for Trump and his co-defendants to secure a bond that would stop New York Attorney General Letitia James’ office from being able to collect on the judgment while they appeal Engoron’s ruling.
The monitor isn’t preventing him from posting bond, they are simply saying if he somehow comes up with bond he must immediately inform the monitor so they don’t accidentally start liquidating his properties.
As I understand it, Trumps business shenanigans are so sketch that they wanted this monitor to make sure he isn’t shuffling around money to game collection.
Again, my question stands, what if he ignores the monitor and posts bond? What’s preventing him from just doing what he wants?
Nothing. Up until Monday that is explicitly an option for him, and what the courts probably expected to happen.
After Monday it’s too late.
I think what they are afraid of is that he secures a bond and then doesn’t properly notify anyone. So then they liquidate his assets and he goes “Whoa I have bond! Look at what you just did to me! So illegal, no other person has been treated so unfairly by the courts!”… I think that’s the scenario they are trying to avoid.
I call doubt that they will seize his stuff. Watch he get some kind of extension. Swear they going let him continue to break the law and face no judgment until after November.
Now if we can keep in out of the Whitehouse then maybe just maybe he can go to jail then.
I too am pessimistic. I am not a lawyer, but every legal analysis I have read paints this situation as pretty bad for him financially. Maybe he gets bond before they start liquidating, but from everything I read he is extremely unlikely to win out in the appeal process. Best likely outcome from him is Putin somehow gives him a half billion dollar loan and it doesn’t somehow run afoul of sanction and finance law. Or it does run afoul, but it’s a criminal thing and he has been able to dodge criminal cases like Neo from the Matrix.