Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date.

Former President Trump has appealed to a New York appeals court for a stay on the enforcement of multimillion-dollar penalties levied against him in a civil fraud case, proposing to post a $100 million bond during the appellate process.

In a recent ruling, Judge Arthur Engoron imposed nearly $355 million in penalties on Trump, increasing by almost $112,000 daily in interest, totaling over $454 million. Engoron’s decision also restricts Trump, his business, and executives from securing loans in New York for the next three years.

In their appeal, Trump’s attorneys argue the “exorbitant and punitive amount of the Judgment” alongside “an unlawful and unconstitutional blanket prohibition on lending transactions” renders it “impossible to secure and post a complete bond.” They suggest that Trump’s “vast ownership interests” in New York properties are ample to secure any upheld judgment. New York Attorney General Letitia James has warned of seizing Trump’s assets if he fails to cover the judgment costs.

Responding to Trump’s motion, James’s office expressed opposition to any temporary enforcement halt, especially under Trump’s partial bond offer. Dennis Fan, a state lawyer, criticized the proposal, stating, “There is no merit to defendants’ contention that a full bond or deposit is unnecessary because they are willing to post a partial undertaking of less than a quarter of the judgment amount.”

Confident in the appeal, Trump’s team anticipates the court will “overturn this egregious fine and take the necessary steps to restore the public faith in New York’s legal system,” according to Trump’s lawyer, Alina Habba.