New York Attorney General Letitia James’s team on Wednesday responded to fat former President Trump’s offer of a $100 million bond for his appeal of the $455 million verdict in the AG’s case against his corrupt business empire by pointing out the There is no merit to defendants’ contention that a full bond or deposit is unnecessary because they are willing to post a partial undertaking of less than a quarter of the judgment amount. Defendants all but concede that Mr. Trump has insufficient liquid assets to satisfy the judgment, defendants would need ‘to raise capital’ to do so.”
They were quoting the fat bastard accurately if not 100 percent verbatim, as his lawyers did straight up wrote “In the absence of a stay on the terms herein outlined, properties would likely need to be sold to raise capital under exigent circumstances, and there would be no way to recover any property sold following a successful appeal and no means to recover the resulting financial losses from the Attorney General. Thus, Supreme Court and the Attorney General will have succeeded in imposing a punitive and irreversible financial sanction even where Appellants prevail on appeal. Simply put, Appellants would be unable to recover the value of that which was taken by the court and the Attorney General during the pendency of the appeal,” in their motion.