Any hope that Donald Trump has that a judge in the New York State Appellate Division will give him more time to come up with the nearly half-billion dollar— or a reduced amount — he needs for his appeals bond related to financial fraud due on Monday should be put to rest.
According to a report from the Washington Post, with New York Attorney General Letitia James already poised to start grabbing Trump properties and raid his bank accounts if he misses his deadline, the former president is running out of time and the court's normal scheduling does not favor his immediate needs.
As the Post is reporting, "The appeals court generally issues rulings on Tuesdays and Thursdays, so there is very little chance it will act by Monday on Trump’s request to waive the bond requirement, adding, "If it doesn’t, and if Trump doesn’t post a bond by then, legal experts say there is nothing preventing James from calling on the New York City sheriffs or on city marshals to begin seizing his assets."
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The report goes on to state that Trump's on-hand cash will likely be the first asset to be seized before the long arduous process of taking his properties and then auctioning them off is set in motion.
According to one expert, AG James will likely hold off on grabbing properties, waiting for the appeals court to weigh in.
As Nikos Passas of Northeastern University put it, "She doesn’t want to be accused of being overly aggressive and unfair.”
Stewart Sterk, a professor at Cardozo School of Law, added: "Once she has that judgment lien, what she can do is foreclose on that judgment lien and essentially mandate a sale of the properties to satisfy the judgment.”
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