A New York appeals court has denied Donald Trump’s request to issue a stay on the state Supreme Court’s ruling ordering the ex-president to pay $454 million in the civil business fraud case brought by Attorney General Letitia James. Trump had offered to post a bond of $100 million as he appeals the ruling, as he suggested he did not have sufficient liquid assets – namely, cash – to post the full amount required.
The judge did, however, pause a portion of the ruling barring Trump from operating a business in New York, and also paused the portion of the ruling barring him from obtaining a loan from a bank registered in the State of New York.
“It’s a mixed bag for Trump, and the former president GAINS some ability, in an interim ruling, to continue his business activities and loan-seeking. But the most crucial request, a stay of enforcement of the $450M+ judgment, has been rejected,” reports Just Security’s Adam Klasfeld.
Unless he can obtain a loan or other financing, Trump, as he admitted in his legal filing, may have to sell some of his assets, likely real estate, to come up with enough cash to satisfy the judgment.
The court “also denied Trump’s request to delay his obligation to post $454 million until his appeal of the civil fraud verdict is over,” CNN adds.
RELATED: Trump Swore Under Oath He Had $400 Million in Cash – Now He’s Telling a Court a Different Story