An appeals court judge on Wednesday denied a request by former President Donald Trump to pause enforcement of the $454 million judgment he was ordered to pay in his New York civil fraud case.
But Judge Anil Singh’s ruling in Manhattan Supreme Court allows Trump and his two adult sons to stay in control of their companies while the former president seeks to appeal the massive fine.
The Trumps can also continue to apply for loans from financial institutions chartered or registered in New York during this time, the judge ruled.
Trump’s attorneys earlier Wednesday had offered to post a $100 million bond to stay the judgment while Trump appealed it, saying it would be “impossible” to secure a “complete” appeal bond.
If Trump were forced to put up a bond for the entire amount, his lawyers wrote, “properties would likely need to be sold to raise capital under exigent circumstances” to raise the money.
New York Attorney General Letitia James, who brought the fraud case, responded by saying that concession shows Trump “has insufficient liquid assets to satisfy the judgment.”
