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CNN
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Former President Donald Trump asked the New York Court of Appeals on Wednesday to postpone his obligation to pay $454 million until after his appeal of a civil fraud judgment.
Trump’s lawyers wrote in a filing: “The ruling, without legal authority or factual support, provides an unprecedented and punitive tax cut of approximately $460 million and a broad permanent injunction against the appellants. I gave orders,” he said.
President Trump has 30 days to post funds to prevent the New York attorney general’s office from taking steps to enforce the judgment, including possible seizure of property. It is not yet clear how he plans to finance the payments.
“The urgency of this application arises from the punitive and exorbitant spending restrictions placed on the appellants, the impact of injunctive relief on legitimate businesses, and the vague and overbroad directions issued by the Supreme Court.” “Given the uncertainty and the Attorney General’s public threats, it is clear that she intends to foreclose on appellant’s real estate to satisfy the judgment,” Trump’s lawyers said in a new filing.
In addition to the money, Judge Arthur Engoron also banned Trump from serving as a New York company director for three years and imposed two-year suspensions on Donald Trump Jr. and Eric Trump. , raised questions about who would run the Trump Organization. . The company currently does not have a chief financial officer or administrator.
The judge also ordered that an independent monitor installed at the Trump Organization starting in 2022 continue in office for an additional three years. He also said real estate companies should have an independent compliance director.
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