The Epoch Times reported yesterday that the lawfare against President Trump slowed slightly yesterday when the New York state Supreme Court’s First Judicial Department Appellate Division granted a stay of enforcement on the $464 million judgment on former President Donald Trump.
The article reports:
The order came after defense attorneys argued that a $464 million bond was impossible after having contracted four brokers to negotiate with more than 30 companies. Sureties don’t issue bonds that large for private individuals, and even if The Trump Organization were a public conglomerate they could issue such a bond to, it would require some $570 million in cash to cover additional premiums.
The court’s conditions for lowering the bond include President Trump posting $175 million within 10 days and the other orders on the judgment going into effect.
The judgment permanently bars former Trump Organization Chief Financial Officer Allen Weisselberg and former Comptroller Jeffrey McConney from serving in financial control of any New York business entity; permanently bars President Trump, Mr. Weisselberg, and Mr. McConney from serving as an officer or director of any New York corporation for three years; bars President Trump from applying for loans from New York financial institutions for three years; and bars Donald Trump Jr. and Eric Trump from serving as an officer or director in New York for two years.
There was no stay requested for the continuance of an independent monitor overseeing financial matters in The Trump Organization or the installation of a compliance officer.
Just for the record, there is no Constitutional justification for a government entity placing a monitor or a compliance officer in a private business. This is an affront to the concept of free enterprise that built America. I would like to see every major business leave New York State until they rescind whatever ‘law’ they are using to justify their actions against President Trump.