Judge Halts Trump’s Punishment But Not $464 Million Payout

2 years ago 587
Seth Harald/Reuters

The clock is still ticking on Donald Trump to cough up nearly half a billion dollars for engaging in bank fraud, after an appellate judge refused to halt the New York Attorney General on Wednesday afternoon from demanding payment.

But while Trump will have to pay the massive fine before he can proceed with his appeal, the judge did pause part of the decision—like the punishments suspending the business licenses of the Trumps and prohibiting them from borrowing from New York lenders.

It’s a partial, if not mostly pyrrhic, victory for Trump. But it does little to help the former president in his quest to overturn the massive bank fraud judgment. In fact, if anything, it could provide even more embarrassment for Trump—if he can’t find a lender to give him hundreds of millions of dollars. (Trump’s lawyers suggested in another filing Wednesday that the lending prohibition was the main obstacle to Trump securing the money he needs to pay the $464 million fine and not, say, Trump’s own shaky creditworthiness.)

Read more at The Daily Beast.

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