Breaking News Stories

‘Fire Sale’: Turley Reveals How New York Ruling Could Cost Trump Even If He Wins

Jonathan Turley, a law professor at George Washington University, said former President Donald Trump could still lose “a lot of money” even if his civil fraud verdict is successfully appealed.

Judge Arthur Engoron on Friday ordered Trump to pay $354 million for inflating the value of real estate holdings to obtain loans and barring him from becoming an officer or director of any New York-based company or entity. The court handed down a three-year ban. Mr. Turley said Mr. Engoron is trying to prevent him from appealing the sentence with this large judgment. (Related article: 'They're crazy': President Trump criticizes Judge Letitia James after ruling in civil fraud case)

“It looks like you're trying to appeal a court order to take your house, but in order to appeal the order you have to sell your house,” Turley told The Story host Martha McCallum. Ta. “And I don't think Trump will have to part with his assets, especially if he chooses the bond route. But he will lose some of his money to stay tied, so even if he wins, he won't have to give up a lot of money.” But by making this ruling so large, the judge will make it difficult to appeal his ruling, ensuring that Trump will lose a lot of money even if he wins. .”

clock:

New York's Democratic Attorney General Letitia James filed a lawsuit against Trump in September 2022 following his comments. promised It was to investigate Trump during his 2018 campaign for attorney general. On September 26, Engoron found Trump liable for fraud and ordered several business licenses held by Trump to be revoked, but an appeals court ruled on October 6. was left unchanged.

“In fact, I would urge both the trial court and the appellate court to allow this bond to be waived, or at least reduce it, because of the sheer size of this fine,” Turley said. “So this has gotten to the point where it is coercive for the parties, and it will be forfeited. In fact, just to have someone look at one judge's decision, they are going to have to sell it on fire to supplement their bond.” I have to.”

All content produced by the Daily Caller News Foundation, an independent, nonpartisan news distribution service, is available free of charge to legitimate news publishers with large audiences. All republished articles must include our logo, reporter byline, and DCNF affiliation. If you have any questions about our guidelines or partnering with us, please contact us at licensing@dailycallernewsfoundation.org.

Share this post: