The former president, who is appealing the judgment in his civil fraud case, asked an appeals court to let him avoid paying the full amount in the meantime.

It’s pretty clear he doesn’t have the cash to pay the judgement in full, and will need to sell illiquid assets at a discount in order to pay the full amount.

  • Telorand@reddthat.com
    641·
    4 months ago

    It’s pretty clear he doesn’t have the cash to pay the judgement in full, and will need to sell illiquid assets at a discount in order to pay the full amount

    It’s even better. The court-appointed special monitor Barbara Jones now has the power to start seizing assets until he meets the requirements to have an appeal. And, the interest meter is running, at $3mil/month.

    Basically, he needs to pony up the money. Period. If the Appellate Court finds Engoron made his judgement beyond reason, they would then go through another process to determine how the courts would pay back whatever is necessary.

    He’s fucked.