A New York judge on Friday formally ordered Donald Trump to pay $454 million, including interest, a move that will give the former president one month to post nearly half a billion dollars to appeal the fraud verdict.
Judge Arthur Engoron’s signed judgment was posted to the court docket Friday, one week after he found Trump, Donald Trump Jr. and Eric Trump liable for fraud in the civil case brought by New York Attorney General Letita James.
Once Trump and the others are served with the judgment, the 30-day clock for them to file an appeal starts. During that period Trump will need to put up cash or post bond to cover the $355 million and additional roughly $100 million in interest he was ordered to pay. The sons were each ordered to pay $4 million back in gains they improperly received because of the fraud. The judge also banned the Trumps from serving as officers of a business entity in New York for several years.
He is almost certainly moving every dime he can move to offshore accounts or aliases not in his name to shield as much as he can. But that just means every property with Trump on it is probably going to foreclosed.
That’s just not how Trump rolls though.
He cares a lot more about being perceived to have money than he does about actually having money.
He would do anything and everything to avoid the perception that he is broke.
Even he probably understands he can’t pony up the cash to appeal and worse still if he does present the money and loses, he also loses the money. He 110% would rather look broke than pay a bill, let alone pay a bill on time. Hence why he’s probably moving what ever liquidity he has where state and feds don’t have jurisdiction to seize it. And then if he gets called out on it he just brags to his cult… I mean supporters, that he outsmarted the govt and kept his money while refusing to pay what he will call an illegal or corrupt fine.