George Conway, a well-known lawyer and legal analyst who has been vocal in his opposition to Trump, recently made a suggestion. He hinted that Letitia James, the New York Attorney General, might have a reason to be pleased with the recent appellate court ruling that reduced Trump’s bond.
In February, a substantial penalty was imposed on Trump as he was found liable in a civil fraud suit filed by James and her office against him and The Trump Organization. The lawsuit accused Trump of engaging in a long-term scheme to inflate his net worth and the value of his assets to obtain more favorable business loans. The penalty, now exceeding $450 million including interest, required Trump to obtain a bond slightly higher than the penalty amount by Monday to proceed with his appeal.
According to reports and court filings, Trump faced challenges in securing the required amount due to the hefty penalty imposed on him. Over 30 surety entities turned down his request for bond coverage. Last week, Trump’s legal team sought a reduction in the bond amount, and the New York appeals court granted their request on Monday morning. Now, Trump can proceed with his appeal, needing to provide only a $175 million bond within the next 10 days.
Conway, one of the co-founders of the Lincoln Project anti-Trump political action committee, took to social media to suggest that James could potentially find a win in the appellate court’s decision. This ruling grants Trump the ability to delay the enforcement of or even overturn the penalty against him, but Conway sees a glimmer of hope for James.
Kellyanne Conway, a prominent political commentator, expressed her perspective on the Appellate Division’s decision to reduce Donald Trump’s bond to $175 million. In her view, if she were in the shoes of the New York Attorney General’s office, she would find satisfaction in this order. Conway believes that this reduction in bond amount could be advantageous for the state of New York. She explains that if Trump manages to post this substantial bond, it guarantees that the state will be able to collect at least that much if it emerges victorious in the appeal. This eliminates the need for lawyers to embark on a cumbersome and costly process of tracking down Trump’s assets across the country.
In a follow-up post, he also mentioned, “It is important to note that this assumption relies on Trump being able to provide the $175 million. However, even if he is unable to do so, the State will not face any additional losses as it would have had to pursue Trump for the full amount regardless.”
In response to Conway’s second post, Trump has made it clear that he plans to cover the appeal bond and do so promptly.
Trump recently claimed to have $500 million in cash-on-hand, although the nearly half-a-billion dollar bond presented a headache for him. He clarified that these funds would be exclusively used for his ongoing presidential campaign.
