Monday, March 25, 2024

Donald Trump gets lifeline in $454 million fraud case, 'hush money' trial set for April 15 as court slashes bond amount

 

Donald Trump gets lifeline in $454 million fraud case, 'hush money' trial set for April 15 as court slashes bond amount

A New York state appeals court slashed a potentially crippling $454 million bond payment due on Monday to $175 million and gave the former president 10 extra days to pay.
Former President Donald Trump speaks during a press conference at 40 Wall Street after a pre-trial hearing at Manhattan criminal court

Donald Trump's legal battles pinballed from victory to defeat Monday as he was offered a lifeline in his struggle to stave off a half billion dollar fraud judgement while a New York judge rejected efforts to delay a separate criminal trial.

A New York state appeals court slashed a potentially crippling $454 million bond payment due on Monday to $175 million and gave the former president 10 extra days to pay.

The Republican presidential candidate got the unexpectedly positive news about his New York civil fraud case while he was sitting in court for another case -- a hearing in his upcoming criminal trial over paying hush money to a porn star.

Judge Juan Merchan rejected demands from Trump's lawyers to delay the first ever criminal trial of a former president for at least 90 days and ordered jury selection to begin on April 15.

Trump faces charges of falsifying business records for the payments made on the eve of the 2016 presidential election to make sure porn star Stormy Daniels did not publicize a sexual encounter.

"You are literally accusing the Manhattan (District Attorney's) office and the people assigned to this case of prosecutorial misconduct and trying to make me complicit in it," a visibly exasperated Merchan told Trump's attorneys during the hearing in a Manhattan courtroom.
Trump had also been facing a Monday deadline to pay the huge original bond pending an appeal against a judge's decision that he is liable for fraudulently conspiring to inflate his net worth.

Trump made clear he was unable to find the $454 million and he risked seeing New York state confiscate parts of his property empire if he failed to come up with the bond.

The 77-year-old Trump welcomed the appellate panel ruling while denouncing the hush money case as "election interference" and a "witch hunt."

"I greatly respect the decision of the appellate division and I will post $175 million in cash and bonds or security or whatever is necessary, very quickly, within the 10 days," he told reporters.

The hush money trial had been scheduled to begin on Monday but was delayed because thousands of pages of potential evidence were belatedly produced by prosecutors.

On Truth Social, Trump denounced both cases as a politically motivated attack ahead of the November 5 presidential election when he will likely again face incumbent Democrat Joe Biden.

"These are Rigged cases, all coordinated by the White House and DOJ for purposes of Election Interference," Trump wrote. "No crime. Our Country is CORRUPT!"


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