(DailyChive.com) – Judge Arthur Engoron of the New York State Supreme Court denied Trump’s legal team’s request to delay formalizing a $354 million fine and nearly $100 million in interest in his civil fraud case. The state judge emailed his decision to Trump’s attorneys and the New York Attorney General’s Office.
Engoron rebuffed Trump’s attorney, Clifford Robert, stating that Robert had failed to provide any justification or explanation for a stay. Engoron further expressed confidence that the Appellate Division would safeguard Robert’s appellate rights.
The state’s proposed judgment solidifies last week’s ruling, which found Trump and the Trump Organization culpable for orchestrating a decade-long scheme to inflate asset values for better loan and insurance terms.
The penalties include banning the former president from serving as a director of any New York corporation for three years – a three-year prohibition on seeking loans from New York financial institutions – assigning oversight of the Trump Organization to an independent monitor for the same duration. The ruling also imposed fines and sanctions against Trump’s sons.
Trump, adamant in his intention to appeal the ruling, has spared no criticism for Engoron and New York Attorney General Letitia James, accusing them of politically motivated litigation.
On Tuesday, February 20, the attorney general’s office submitted a proposed judgment outlining the penalties outlined in Engoron’s order. Trump’s attorney, Clifford Robert, objected, deeming it an “improper, unilateral submission” that deprived the defendants of due process. Despite Robert’s objections and subsequent pleas for a 30-day delay to allow for an “orderly post-judgment process,” Engoron remained resolute, stating that the proposed judgment accurately reflected the previous ruling and intended to sign it promptly.
Meanwhile, legal experts believe that Trump’s legal battles could escalate further – to appeal the judgment, Trump would be required to post a bond covering the $354 million penalty – a costly endeavor. John Coffee, a Columbia University law professor specializing in corporate governance and white-collar crime, emphasized the financial strain this would impose on Trump, potentially requiring his asset liquidation to secure the bond.
In response to concerns over Trump’s ability to pay the penalty, Attorney General Letitia James affirmed her readiness to pursue the seizure of Trump’s assets if necessary.
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