Trump Must Pay Half a Billion Dollars Before He Can Appeal New York Decision

February 20, 2024

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Judge Arthur Engoron ordered former President Donald Trump to pay $350 million in fines for fraud related to his business practices.

However, to appeal the unprecedented ruling, Trump must first post a bond of over $450 million including interest.

Critics argue Trump is the only person sued under the unused statute, which criminalizes common real estate valuation practices.

While the AG promised to enforce laws impartially, Trump is the sole target of this case.

Experts contend the excessive fine without allowing defense could preclude appeal and merits review given constitutional and statutory issues.

By imposing an astronomical, potentially unpayable figure, the judge effectively bars appeal absent bankruptcy or distressed asset sales.