On February 29, comprehensive foreign media reported that on February 28, local time, Judge Singh of the New York Court of Appeals ruled to reject the former ** Trump's request to suspend the payment of fines during the appeal of the fraud case, which means that Trump must pay about 4A hefty fine of $5.4 billion.
New York State Attorney General Jennifer reportedly indicted Trump, the Trump Organization, and other defendants in 2022, accusing them of inflating the value of Trump's assets in order to boost their net worth and obtain better loan and insurance terms.
On February 16, 2024, New York State Judge Ngorough found Trump guilty of financial fraud and must pay 3$5.5 billion in fines and related interest. Trump and his associated institutions and businesses are prohibited from applying for loans from financial institutions registered in New York State for three years, and Trump himself may not serve as an executive or director of any New York State business for the next three years. According to the final verdict released by the judge on the 23rd, Trump has to pay a total of at least 4$5.4 billion (including $3.4 billion)$5.5 billion in fines and nearly $100 million in interest).
Currently, Trump is appealing Judge Ngorongoro's ruling. On Feb. 28, Trump's lawyer said in a request for a stay of execution of the judgment that his client was unable to pay the full bond during the appeal and offered to pay only $100 million in bond.
"The judgment was too high and too harsh, and combined with [the judge's] illegal and unconstitutional ruling prohibiting the loan, [we] were unable to obtain and pay the full bond," the lawyer said. ”
CNN reported that New York Court of Appeals Judge Singh rejected Trump's request to suspend execution of the sentence on the same day, but at the same time lifted the ban on Trump from obtaining loans from financial institutions regulated in New York. The Washington Post also said that Singh's decision could be changed or canceled in the coming weeks. It is expected that a full panel will review this and make a decision on 18 March.