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Left: New York Attorney General Letitia James speaks during a press conference regarding former US President Donald Trump and his family’s financial fraud case on September 21, 2022 in New York (photo by YUKI IWAMURA/AFP via Getty Images). Right: Donald Trump speaks at a ‘Save America’ rally on October 22, 2022 in Robstown, Texas (photo by Brandon Bell/Getty Images).
A court in New York has agreed to temporarily halt the collection of Donald Trump‘s $464 million civil fraud fine but only if he can come up with $175 million in the next 10 days.
The two-page order issued Monday from the Supreme Court of the State of New York’s Appellate Division was signed by Clerk of the Court Susanna Molina Rojas.
In addition to the 10-day conditional deadline now on order, enforcement will also be stayed for now on other terms, including bans on Trump’s co-defendants and executives at the Trump Organization, Allen Weisselberg and Jeffrey McConney.
Per the order:
It is ordered that the motion is granted to the extent of staying enforcement of those portions of the Judgment … (2) permanently barring defendants Weisselberg and McConney from serving in the financial control function of any New York corporation or similar business entity; (3) barring defendants Donald J. Trump, Weisselberg and McConney from serving as an officer or director of any New York corporation for three years; (4) barring defendant Donald J. Trump and the corporate defendants from applying for loans from New York financial institutions for three years; and (5) barring defendants Donald Trump, Jr. and Eric Trump from serving as an officer or director of any New York corporation in New York for two years.
“The aforesaid stay is conditioned on defendants-appellants perfecting the appeals for the September 2024 Term of this Court. The motion is otherwise denied, including to the extent it seeks a stay of enforcement of portions of the judgment (1) extending and enhancing the role of the Monitor and (2) directing the installation of an Independent Director of Compliance,” Rojas wrote.
The news comes in the nick of time for Trump, as New York Attorney General Letitia James had indicated already that if Trump was unable to secure the bond on the civil fraud fine, she would begin seizing his assets.
A spokesperson for Trump did not immediately respond to a request for comment. Nor did a representative for the attorney general’s office.
Trump had said securing the full $464 million was a practical impossibility last week, and railed at the idea of having to sell off his real estate, Law&Crime previously reported.
Editor’s Note: This story has been updated to note Trump personally owes $454 million.
