this post was submitted on 16 Feb 2024
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[–] Custoslibera@lemmy.world 22 points 2 years ago (3 children)

Will he actually have to pay this in any realistic time frame?

Or does he get to lodge a Supreme Court appeal that takes another 5 years to get a decision?

[–] Habahnow@sh.itjust.works 29 points 2 years ago (3 children)

My understanding is that it must be paid in 30 days or, if he wants to appeal it, put into a trust or something. Effectively, removing his access to the money until the appeal is resolved.

[–] SeaJ@lemm.ee 12 points 2 years ago (1 children)

Do you have a source on that? If true, that would be delicious.

[–] Habahnow@sh.itjust.works 12 points 2 years ago (1 children)

I sadly can't find tje article that mentioned the 30 days to pay. Regardless, in order to appeal he needs to provide the court money.

https://www.theguardian.com/us-news/2024/feb/16/how-will-trump-pay-trial-penalties

Trump has a few options in paying the court. He could pay up everything that he owes now in cash. Or he could try to get an appeal bond, meaning he wouldn’t have to pay all the cash up front in exchange for a premium and putting up collateral.

There's this link: https://www.reuters.com/legal/judge-set-rule-trumps-370-million-civil-fraud-case-2024-02-16/

Relevant portion:

Trump could be required to deposit his portion of the full judgment plus interest during an appeal. Trump could also post a smaller amount with collateral and interest by securing a type of loan called an appeal bond. But he may have trouble finding a willing lender after Engoron found he lied to banks about his wealth.

[–] lepinkainen@lemmy.world 2 points 2 years ago

But he may have trouble finding a willing lender after Engoron found he lied to banks about his wealth.

Deutsche Bank has entered the chat 😆

[–] sunbytes@lemmy.world 2 points 2 years ago (1 children)

What happens if he doesn't pay?

I really want him to pay, but his previous behaviour makes me think he just won't.

And there's a limit to what anyone else can do about that.

[–] Habahnow@sh.itjust.works 1 points 2 years ago

My understanding is that the independent monitor that is tasked by the court to monitor Trump's finances and assets would be able to make the payment with Trump's assets. So basically, either Trump can make the payments himself or someone else will instead.

[–] ctkatz@lemmy.ml 19 points 2 years ago (3 children)

this is a state court decision. unless there is a federal issue to base an appeal on, scotus can't save him.

[–] stoly@lemmy.world 14 points 2 years ago

Yep. Notably, this specific law was designed for people exactly like Trump.

[–] Ullallulloo@civilloquy.com 7 points 2 years ago (1 children)

While true, this is just a New York Supreme Court decision. He can still appeal to the Appellate Division then to the New York Court of Appeals. I can't imagine he'll get it turned over, but there's a chance the amount might be lowered or something.

[–] Corkyskog@sh.itjust.works 4 points 2 years ago

Isn't an appellate court just about the handling of the case itself? I doubt that would go anywhere.

[–] OpenStars@startrek.website 2 points 2 years ago

There's no question: that is basically a certainty at this point.