BREAKING: Court finally issues ruling on Trump’s request to delay bond
Summary
TLDRA New York appeals court has granted a reduced bond requirement for Donald Trump in his $455 million fraud case, allowing him to post a $175 million bond instead of the initial $500 million. The court also lifted some restrictions on Trump's business activities and his sons, but maintained an independent monitor's oversight. This decision does not免除 Trump from the $455 million debt but provides a temporary reprieve while his appeal is ongoing.
Takeaways
- 💰 A New York appeals court reduced Trump's required bond from $455 million to $175 million in his fraud case.
- 🔒 The court temporarily lifted some restrictions, allowing Trump and his adult sons more operational freedom in New York.
- 🛡️ The judgment against Trump for $455 million still stands; the bond reduction only affects asset seizure during the appeal process.
- 🏆 Attorney General Letitia James insists Trump remains accountable for 'staggering fraud', despite the bond reduction.
- 📖 Trump criticizes the case against him on social media, claiming it's unprecedented and challenging for any company to meet.
- 📺 Fox News refutes Trump's claim about the bond's unprecedented size, citing examples of larger bonds in the past.
- 📈 Trump's inability to secure the original bond is speculated to be due to his assets being heavily leveraged or his wealth being overstated.
- 🚫 The script criticizes the appeals court for allegedly showing Trump preferential treatment in reducing the bond.
- 👋 The narrative encourages active civic engagement to counter Trumpism and emphasizes the importance of voting.
- 📚 The video ends with a call to action for viewers to support progressive media by subscribing to the channel.
Q & A
What was the initial bond amount Trump was ordered to pay in the fraud case?
-The initial bond amount Trump was ordered to pay was $455 million.
What was the outcome of Trump's request to the appeals court regarding the bond amount?
-The appeals court granted Trump a reduced bond amount of $175 million.
How much time was Trump given to secure the reduced bond?
-Trump was given 10 days to secure the reduced bond of $175 million.
What restrictions were initially put in place by Judge Goran?
-Judge Goran initially prohibited Trump from running a New York company, getting a loan from a New York bank, and extended these restrictions to his adult sons for 2 years.
What was the role of the independent monitor, Barara Jones, in the case?
-Barara Jones was appointed to oversee Trump's business finances as an independent monitor.
What does the reduced bond amount mean for Trump during his appeal?
-The reduced bond amount means that Trump only needs to put forward $175 million while appealing to prevent Attorney General Laticia James from seizing his properties.
What was Trump's claim about the bonding company's inability to post the bond?
-Trump claimed that the bonding company had never heard of such a bond of this size before and that they did not have the ability to post it, even if they wanted to.
How did Laticia James respond to Trump's claim about the unprecedented bond amount?
-Latica James pointed out that there have been larger bonds in history, citing examples from public companies, and emphasized that the bond amount is related to the size of the judgment.
What are the two possible reasons Trump could not secure the bond according to the script?
-The two possible reasons are that Trump's wealth is heavily tied up in leveraged real estate or that he does not have the wealth he claims to have.
What is the main argument against the appeals court's decision to reduce the bond?
-The main argument is that the appeals court is providing special treatment to Trump, which would not be extended to any other defendant, and that this decision is based on his portrayal as a victim.
What is the call to action for the audience in response to the situation described in the script?
-The call to action is for the audience to participate in the democratic process, particularly in the November elections, to ensure a strong repudiation of Trumpism and to prevent the GOP from continuing to espouse Trump's agenda.
Outlines
📜 Court Ruling on Trump's Fraud Case
The first paragraph discusses a recent appeals court decision in New York regarding Donald Trump's $455 million fraud case. The court granted Trump a reduced bond requirement, allowing him to post a $175 million bond instead of the initial $500 million. This development gives Trump a ten-day window to secure the bond. The court also lifted some restrictions imposed by Judge Goran, which previously prevented Trump from operating a New York company or obtaining a loan from a New York bank, extending these restrictions to his adult sons for two years. However, the court maintained the appointment of an independent monitor, Barabara Jones, to oversee Trump's business finances. It's emphasized that this ruling does not absolve Trump of the $455 million he owes but rather reduces the amount he needs to post for his appeal against Attorney General Laticia James's seizure of his properties. The paragraph concludes with Laticia James asserting that Trump still faces accountability for his alleged fraud.
🗳️ The Importance of Public Participation in Upcoming Elections
The second paragraph shifts focus from the court ruling to the broader political landscape, emphasizing the importance of public participation in the upcoming elections. It argues that while the court's decision may seem favorable to Trump, it should not deter the public from engaging in the democratic process. The speaker encourages viewers not to feel helpless or defeated by the perception that the system is rigged. Instead, they should be motivated to work harder to prevent Trump and his allies from gaining more power. The paragraph ends with a call to action, urging viewers to subscribe to the channel to support progressive media and spread the message to a wider audience.
Mindmap
Keywords
💡Trump's $455 million fraud case
💡Bond requirement
💡Appeal
💡Attorney General Laticia James
💡Independent monitor
💡Real estate
💡Leverage
💡Trump's brand
💡Trumpism
💡Political party
💡Court system
Highlights
A New York appeals court issued a ruling in Trump's $455 million fraud case.
Trump sought a smaller bond or to forego the bond requirement altogether.
The court granted Trump a reduced bond of $175 million.
Trump now has 10 days to secure the $175 million bond.
The court paused some restrictions put in place by Judge Goran.
The restrictions included limitations on Trump running a New York company and getting a loan from a New York bank.
The prohibitions were also extended to Trump's adult sons for 2 years.
The court maintained the extension of an independent monitor, Barara Jones, to oversee Trump's business finances.
Trump still owes $455 million and the judgment stands.
Attorney General Laticia James emphasized Trump's ongoing accountability for his fraud.
Trump was unable to secure a bond for $500 million even after approaching over 30 bond companies.
The unprecedented size of the bond was disputed, with examples given of larger bonds in history.
The purpose of the bond is to secure funds for the plaintiff, in this case, the state of New York.
Trump's inability to secure the bond suggests his wealth is tied up in leveraged real estate or that he does not have the wealth he claims.
Trump's history of failed ventures was highlighted, questioning the image of success he projects.
The appeals court's decision to reduce the bond for Trump was criticized as special treatment.
The importance of public participation in preventing a second Trump presidency was emphasized.
The responsibility to defend democracy and the Constitution was placed on the public.
The video concludes with a call to action for viewers to support progressive media.
Transcripts
some breaking news here A New York
appeals court has issued a ruling in
Trump's $455 million fraud case where
Trump was seeking either a smaller Bond
or to forego the bond requirement
altogether the court has handed Trump a
Lifeline in the form of a reduced Bond
he'll now have 10 days to secure a $175
million Bond down from the half a
billion dollars he was initially slated
to pay the court also paused a few of
the restrictions that were put in place
by judgeing Goran including the
prohibition on Trump's ability to run a
New York company to get a loan from a
New York bank and for those prohibitions
to extend to his adult sons for 2 years
the court did leave in place however the
extension of an independent monitor
barara Jones to oversee Trump's business
finances now a few points here this does
not mean that he'll no longer owe $455
million it's simply means that while he
appeals his verdict to prevent attorney
general Laticia James from seizing his
properties the amount that he'll have to
put forward is $175 million if he can't
find that amount then the AG can start
seizing those properties but in the
meantime the 75 million would otherwise
satisfy that requirement to that point
Laticia James said that Trump is still
facing accountability for his staggering
fraud and that the Judgment still stands
this all comes after Trump was
reportedly unable to secure a bond for
half a billion dollars owed even after
approaching more than 30 bond companies
Trump himself took the truth social and
wrote racist Leticia james' unlawful
Witch Hunt is unconstitutional
unamerican unprecedented and practically
impossible for any company including one
as successful as mine the bonding
company have never heard of such a bond
of this size before nor do they have the
ability to post such a bond even if they
wanted to which prompted this response
on Fox news of all places we've also
heard there's a lot of uh talk about
this is unprecedented amount of money
this has never happened before but
that's actually not true let's take a
look this is from Laticia James the
Attorney General's own court papers I'm
going to show it to you right now there
have been bigger Bonds in in the history
look from1 billion dollars to1 and a
half billion dollarss that was a
Carnegie melon uh patent casee those are
public companies uh what is about the
argument that this has never been this
big for a private company while there
have been billion dollar Bond secured
before yeah I think that you know it's
certainly true there' have been large
bonds it all has to do with the amount
of the Judgment itself and here you've
got half billion dollar judgments you're
talking about a lot of money the purpose
of the bond is to secure those funds for
the plaintiff here the state of New York
at the end of the appeal to make sure
they can collect and so it says hey if
you're if you're a defendant want to
appeal you can do that but we have to
make sure to save the money in case the
plaintiff gets to collect it and so the
the bond is huge there's no reason it
can't be split up into smaller bonds you
know you could do five bonds issued by
five different companies for $100
million and I suspect Trump's team is
looking at that the reality is that
Trump couldn't secure the bond not
because it's impossible or unprecedented
but for one of two reasons one his
wealth is tied up in real estate that's
clearly leveraged to within an inch of
its life and I say that because if it
wasn't leveraged he could easily secure
a bond against the value of one of those
properties which are easily worth at
least hundreds of millions of dollars
the other reason Trump simply doesn't
have the wealth that he claims to have
and that's what Trump doesn't want to
admit because his whole brand is
predicated on this bogus notion that
he's rich and Savvy when clearly he is
neither of those things all he has to
show for himself is a lifetime of failed
licensing deals that have all gone up in
Flames Trump Airlines Trump Stakes Trump
vodka Trump mortgage Trump wine Trump
magazine Trump univers Trump casinos all
failures all leading to a presidency
that ended in two impeachments four
indictments and 91 criminal charges
Trump wants to convey an image of
success but all he has to show for
himself are failures as for the courts
frankly it is a joke that the appeals
court is carving out some special
treatment for Donald Trump if it was
anyone else I'd be hardpressed to
imagine them doing something similar but
because it's Trump the court made this
exception he frames himself as the
world's biggest victim when in fact he
enjoys more benefits carve outs and
special treatments than anyone else on
the planet if you're wondering what the
Practical effect of his constant whining
is it's this it is convincing an appeals
court that in fact he is being
mistreated and so to try and quell any
further complaining they might as well
just throw him a bone of course he will
never stop complaining he will never
stop framing himself as the Perpetual
victim but no one in positions of power
really seem to understand that and so
they just let him continue rolling them
but what this shows us is clear we can
cannot rely on the course to save us
we've never been able to rely on the
course to save us in terms of defending
this country from the dangers of a
second Trump presidency that is up to us
we have to turn out in November we have
to make sure that the margins are Beyond
dispute we have to deliver such a
repudiation of trumpism that the GOP
realizes that it will not be viable as a
political party so long as it continues
to espouse Trump's agenda that's all on
us does it suck that no institutions in
this country seem to be up for the task
that is defending the court system
defending the Constitution defending
democracy absolutely but that's the
reality so the onus is on us to save it
so I get that the inclination might be
to throw up your hands in despair but
remember that is what Trump and his
cronies want they want you to feel
helpless they want you to feel like the
system is rigged against you they want
you to feel like you can't win so do not
reward those people by giving them
exactly what they want let this inspire
you to work harder and to ensure that
they don't gain power if your votes and
your participation really didn't matter
they wouldn't be working so hard hard to
take them
[Music]
away before you go I need some help
please subscribe to this Channel and do
your part to help grow the progressive
media ecosystem I don't do sponsorships
or paid ads I won't ask for money but
just subscribing to this channel goes a
really long way and it helps get the
message out to more people the Subscribe
button is right here on the screen you
can also subscribe to my Spanish
language Channel which I made to reach
those crucial Spanish speaking voters
that link is on the screen too and
finally if you want to listen to my
audio podcast you can follow that link
as well thanks so so much for watching
5.0 / 5 (0 votes)
Trump lawyers make the announcement Trump's been dreading
NYC Protest Begins🔥Truckers Block New York! INVESTORS Boycott NY & Warns NY AG Letitia James
‘Absolute gross miscarriage of justice’: Trump bond lowered by $289 million with more time
BREAKING NEWS: Letitia James Is Big Mad! Wants To CANCEL Donald Trump's Bond!
Kevin O'Leary: This is an 'extraordinary assault' on America
‘The Five’ reacts to Trump’s New York court victory