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Trump Required to Notify Court Monitor in Advance About Pursuing Appeal Bonds in Letitia James’ Fraud Case
Far-left New York Judge Arthur Engoron recently ruled that former President Trump must notify a court-appointed monitor in advance regarding his efforts to secure appeal bonds in Letitia James’ fraud case. This case has been likened to Soviet-style tactics despite lacking any clear victim. The independent court monitor, Barbara Jones, a former federal judge appointed by Bill Clinton, plays a crucial role in overseeing these proceedings.
Engoron had previously prohibited Trump and his family members from transferring assets or creating new entities without informing Barbara Jones. Trump’s legal team, as reported by Newsweek, expressed astonishment at the high fees amounting to $2.6 million paid to Barbara Jones for the discovery of minor issues, indicating concerns over the unprecedented nature of her role in this civil fraud case.
Judge Orders Trump Organization to Notify Financial Watchdog about Appeal Bonds
Recently, CNBC reported that Judge Arthur Engoron issued an order requiring Trump’s company to inform a court-appointed financial watchdog about any future attempts to secure an appeal bond. The order came following Trump’s legal team’s struggle to obtain such a bond for the civil fraud case he lost, which involves a substantial $454 million judgment.
More than 30 surety companies declined Trump’s request for a bond, prompting concerns about potential asset seizures by New York’s attorney general, Letitia James. To prevent such actions, Trump’s legal team has filed an appeal and sought a stay on the judgment, also asserting the alleged unconstitutionality of James’ demands.
Attorney General Letitia James has taken steps to seize Trump’s assets, filing judgments in locations where his properties are situated. Trump now faces a tight deadline to either pay the judgment or secure approval for a deferred payment pending the appeal process.
Trump’s legal representatives have raised strong objections, deeming James’ actions unconstitutional and unjust. The demand that Trump pay the judgment in full for an appeal is viewed as excessive and potentially harmful to his legal rights. The situation remains contentious as legal battles unfold in this complex and closely watched case.
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