A New York appeals judge has denied Donald Trump’s request to pay just $100m of the $454m judgment for his New York fraud trial.
Trump’s lawyers had asked the appeals court to halt the collection of the rest of the amount, along with the judgment’s ban on Trump securing new loans from New York banks, until the appeal goes through.
On Wednesday, Judge Anil Singh appeared to have some sympathy for Trump, staying the ban over Trump from taking out loans from New York banks and another ban on him serving as an officer of a New York company, both for the next three years.
“The exorbitant and punitive amount of the judgment, coupled with an unlawful and unconstitutional blanket prohibition on lending transactions, would make it impossible to secure and post a complete bond,” Trump’s lawyers Clifford Robert, Alina Habba and Michael Farina wrote.