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Trump must pay $454 million plus interest while appealing fraud judgment, appeals court rules

Molly Crane-Newman, New York Daily News on

Published in News & Features

NEW YORK — Donald Trump must fork over upward of $454 million as he appeals the devastating judgment in his fraud case, a New York appeals court judge ruled Wednesday — hours after the former president asked to pay a quarter of it to save him from selling off his prized properties.

Justice Anil Singh of the midlevel 1st Department Court of Appeals denied Trump’s request to halt payment but temporarily put other portions of the ruling on ice, including a three-year ban on Trump running a business in his native New York or applying for loans there for three years.

The judge also temporarily lifted a two-year industry ban against Eric and Don Jr. and a permanent ban against former Trump Organization execs Allen Weisselberg and Jeffrey McConney.

Trump and his crew have until around March 25 to settle up with cash or bond — the day his first criminal trial kicks off in Manhattan Supreme Court in the Stormy Daniels hush money case, in which he’s pleaded not guilty to 34 felonies. Every day he doesn’t pay his share of the judgment, Trump owes around $112,000 more in interest.

Singh’s order will remain in effect until he and his colleagues consider further arguments.

Earlier Wednesday, the GOP front-runner asked the court to halt enforcement of Judge Arthur Engoron’s Feb. 16 judgment while he tries to get it tossed, which typically requires a defendant to put up all the cash owed within 30 days or post a bond.

 

Attorneys for Trump and his company executives argued they couldn’t put down the total amount while being barred from taking out loans. They said Trump would deposit a $100 million bond, arguing it would be sufficient paired with ongoing oversight by a court-appointed monitor.

Requiring Trump to satisfy the judgment in full as he appeals, his lawyers argued, would lead to “irreparable harm” and likely force him to sell off properties without any guarantee he’d get them back if he wins.

“Simply put, Appellants would be unable to recover the value of that which was taken by the court and the Attorney General during the pendency of the appeal,” they wrote.

Trump’s lawyers, who filed their notices of appeal on Monday, described the penalties handed down by Engoron as “draconian” measures impeding “a global real estate empire in the conduct of lawful business.”

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