Court agrees to block collection of Donald Trump’s $454M civil fraud judgment if he puts up $175M
Image via AP.

Donald Trump Letitia James
Trump got thrown a last-minute life raft.

A New York appeals court on Monday agreed to hold off collection of former President Donald Trump’s $454 million civil fraud judgment — if he puts up $175 million within 10 days.

If he does, it will stop the clock on collection and prevent the state from seizing the presumptive Republican presidential nominee’s assets while he appeals.

The development came just before New York Attorney General Letitia James was expected to initiate efforts to collect the judgment.

Messages seeking comment were sent to James’ Office and to Trump’s lawyers.

Trump’s lawyers had pleaded for a state appeals court to halt collection, claiming it was “a practical impossibility” to get an underwriter to sign off on a bond for such a large sum.

The ruling was issued by the state’s intermediate appeals court, the Appellate Division of the state’s trial court, where Trump is fighting to overturn a Judge’s Feb. 16 finding that he lied about his wealth as he grew the real estate empire that launched him to stardom and the presidency.

After James won the judgment, she didn’t seek to enforce it during a legal time-out for Trump to ask the appeals court for a reprieve from paying up.

That period ended Monday, though James could have decided to allow Trump more time.

James, a Democrat, told ABC News last month that if Trump doesn’t have the money to pay, she would seek to seize his assets and was “prepared to make sure that the judgment is paid.”

She didn’t detail the process or specify what holdings she meant, and her office has declined more recently to discuss its plans. Meanwhile, it has filed notice of the judgment, a technical step toward potentially moving to collect.

As Trump arrived Monday at a different New York court for a separate hearing in his criminal hush money case, he didn’t respond to a journalist’s question about whether he’d obtained a bond. Earlier Monday, he railed in social media posts against the civil judgment and the possibility that James would seek to enforce it.

Casting the case as a plot by Democrats, the ex-President asserted that they were trying to take his cash to starve his 2024 campaign.

“I had intended to use much of that hard earned money on running for President. They don’t want me to do that — ELECTION INTERFERENCE!” he wrote on his Truth Social platform. Referring to his properties as “my ‘babies,’” he bristled at the idea of being forced to sell them or seeing them seized.

Seizing assets is a common legal option when someone doesn’t have the cash to pay a civil court penalty. In Trump’s case, potential targets could include such properties as his Trump Tower penthouse, aircraft, Wall Street office building or golf courses.

The Attorney General also could go after his bank and investment accounts. Trump maintained on social media on Friday that he has almost $500 million in cash but intends to use much of it on his presidential run. He has accused James and New York state Judge Arthur Engoron, who’s also a Democrat, of seeking “to take the cash away so I can’t use it on the campaign.”

One possibility would be for James’ Office to go through a legal process to have local law enforcement seize properties, then seek to sell them off. But that’s a complicated prospect in Trump’s case, noted Stewart Sterk, a real estate law professor at Cardozo School of Law.

“Finding buyers for assets of this magnitude is something that doesn’t happen overnight,” he said, noting that at any ordinary auction, “the chances that people are going to be able to bid up to the true value of the property is pretty slim.”

Trump’s debt stems from a monthslong civil trial last Fall over the state’s allegations that he, his company and top executives vastly puffed up his wealth on financial statements, conning bankers and insurers who did business with him. The statements valued his penthouse for years as though it were nearly three times its actual size, for example.

Trump and his co-defendants denied any wrongdoing, saying the statements actually lowballed his fortune, came with disclaimers and weren’t taken at face value by the institutions that lent to or insured him. The penthouse discrepancy, he said, was simply a mistake made by subordinates.

Engoron sided with the Attorney General and ordered Trump to pay $355 million, plus interest that grows daily. Some co-defendants, including his sons and company Executive Vice Presidents, Donald Trump Jr. and Eric Trump, were ordered to pay far smaller amounts.

Under New York law, filing an appeal generally doesn’t hold off enforcement of a judgment. But there’s an automatic pause if the person or entity posts a bond that covers what’s owed.

The ex-President’s lawyers have said it’s impossible for him to do that. They said underwriters wanted 120% of the judgment and wouldn’t accept real estate as collateral. That would mean tying up over $557 million in cash, stocks and other liquid assets, and Trump’s company needs some left over to run the business, his attorneys have said.

Trump’s attorneys have asked an appeals court to freeze collection without his posting a bond. The Attorney General’s Office has objected.


Republished with permission of The Associated Press.

Associated Press


  • Dont Say FLA

    March 25, 2024 at 1:09 pm

    Wow, what a break they cut for Trump.

    We all know if Trump puts up $175M, $175M is as much fine as he will ever pay on this one judgement against him for his criminal fraud activities that were proven in court.

    If he can find any way to avoid it, the man doesn’t put forth one dime or one dime’s worth of effort toward anything or anyone but himself.

    And he just avoided paying $279 million of this fine.

  • Trump girls

    March 25, 2024 at 1:20 pm

    If anybody’s wondering where Ivanka Trump and Tiffany Trump might be, they’re sitting this one out with Melania. Have to wonder why. Why don’t they want anything to do with this?

  • PeterH

    March 25, 2024 at 1:42 pm

    It’s Trump’s Lucky Day …… maybe he should buy a ticket to this evening’s MegaMillion’s jackpot and try his luck there!

  • the Truth

    March 25, 2024 at 2:35 pm

    I love President Trump, he will Make America Great Again

    • Tom

      March 25, 2024 at 2:55 pm

      He will indeed, just probably not in the way you’d expect … queue Ann Coulter

    • Silly Wabbit

      March 25, 2024 at 3:30 pm

      You kwazy.

  • Andrew Finn

    March 25, 2024 at 7:51 pm

    Ha Ha – Ya gotta love it !!!! The appeals court blocks Engoron’s ridiculous 464 million judgement if Trump puts up a 175 million bond, and Letitia can now make paper airplanes out of her property grabbing papers !!!! ——- I guess the comedy team of “James and Engoron” will have to find a new venue for their show !!!!

    • Impeach Biden

      March 27, 2024 at 6:42 am

      That whole circus show in NYC was a farce. The neighbor behind me just put his house up for sale and his asking price is well above the current market. Should he get sued as well?

Comments are closed.


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