Thursday, April 18, 2024

Trump lawyers seek delay in enforcement of $350 million fraud judgment – The Washington Post

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NEW YORK — Donald Trump’s lawyers on Wednesday asked for a one-month delay in enforcing a civil judgment for fraud of more than $350 million against the former president, saying they were concerned about a proposed prepared by the state attorney general’s office.

In a series of documents, Clifford S. Robert, Trump’s lawyer, argued that lawyers in New York Attorney General Letitia James’ office should have consulted with the defense on drafting the proposed judgment.

Robert asked New York Supreme Court Justice Arthur Engoron, who issued the ruling, to give the defense an opportunity to file a proposed counterjudgment.

Engoron, in an email exchange with Robert, indicated there was “no need for a motion or conference on this matter” because the attorney general’s proposed judgment reflected the terms of his order.

The judge, however, invited the Trump camp to express its specific disagreements with the proposed document. Trump’s lawyers cited two items they said were incorrect and asked for more time to evaluate the document and propose other changes because of what they considered inaccuracies. It was unclear when Engoron would respond.

Engoron, who issued a 92-page civil fraud judgment Friday, must sign the judgment, which would give Trump a court ruling. month to file a notice of appeal. To begin the appeal process, Trump will either have to satisfy the judgment by paying it or post bail.

A draft judgment filed Tuesday by James’ attorneys has language that matches the ruling in Engoron’s trial verdict. James’ proposed judgment also cites a statutory interest rate of 9 percent per year, which the attorney general said adds about $100 million in prejudgment interest to Trump’s bill.

Robert argued that the attorney general rushed the process and that Trump’s side should have been included in discussions about it. He requested that in the event Engoron signs James’ proposed order, no action be taken for 30 days.

It was not immediately clear whether the requested 30 days would extend the legal time Trump has to post bond while he pursues his appeal.

Engoron’s decision means Trump must cover the judgment using a significant portion of his wealth, much of which is tied up in real estate and other investments. The judge also barred Trump and two of his sons from serving as officers or directors of a New York company. Trump is banned for three years, while Eric Trump and Donald Trump Jr. are banned from such roles for two years.

Trump and his lawyers have called the case a politically motivated act brought by James, a Democrat, who was critical of Trump and considered investigating him when she ran for office.

He plans to appeal and has said the fraud allegations are unfounded.

Engoron held Trump, his company and several business executives responsible for defrauding banks and insurance companies by deliberately misrepresenting Trump’s net worth in the annual financial statements that accountants prepared for them using false asset values.

As part of his decision, Engoron determined that illegal acts had been committed. James argued that Trump and his executives inflated his net worth by as much as $2.2 billion every year from 2011 to 2021. Because Trump was the sole owner of the Trump Organization, banks and other business partners relied on these statements, the judge concluded.

Trump’s lawyers argued during the 10-week trial that began Oct. 2 that Trump did not mislead his business partners, but that commercial real estate valuations were subjective and could vary widely from the company’s figures. ‘assessment. Trump’s properties had increased value because of his fame and stature, the lawyers said.

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