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Trump Receives Reprieve As Court Cuts Bond Demand In Fraud Case

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Former President Donald Trump was granted a significant reprieve on Monday as an appeals court reduced a potentially crippling demand for a nearly half-billion-dollar bond payment and extended his deadline by 10 days.

The development came during Trump’s attendance at a separate hearing for his impending criminal trial related to payments made to a prominent porn star.

Previously facing a looming deadline to pay a substantial bond in his New York civil fraud case, Trump expressed difficulty in meeting the $454 million requirement, risking seizure of parts of his property empire by New York state.

With the court’s decision, he now has an extended timeframe of 10 days to pay a reduced sum of $175 million.

On his Truth Social app, Trump announced his intention to comply with the Appellate Division’s decision, committing to post either a bond, equivalent securities, or cash.

The 77-year-old Republican commenced a day marked by dual legal challenges in a Manhattan courtroom, where a hearing was convened to reschedule his trial concerning payments made to porn star Stormy Daniels just before the 2016 presidential election to prevent the disclosure of a sexual encounter.

Addressing reporters outside the courtroom, Trump denounced the proceedings as a “witch hunt” before proceeding inside.

The hush money trial, originally slated to commence on Monday, faced an eleventh-hour delay due to the belated production of tens of thousands of pages of potential evidence by prosecutors.

Manhattan District Attorney, in discussions with Judge Juan Merchan, indicated a willingness to accommodate a postponement of up to 30 days for the trial’s commencement.

Conversely, Trump’s legal team has petitioned for a more substantial delay, seeking a minimum of three months to adequately prepare for the proceedings.

On his Truth Social platform, Trump vehemently condemned both legal cases as politically motivated assaults, strategically timed ahead of the November 5 presidential election, where he is expected to once again contend against Democratic incumbent Joe Biden.

In a fiery post, Trump asserted, “These are Rigged cases, all coordinated by the White House and DOJ for purposes of Election Interference. No crime. Our Country is CORRUPT!”.

Trump remains a vocal critic of a judicial system he perceives as stacked against him, consistently decrying it as “fixed.”

He has singled out New York Attorney General Letitia James, accusing her of racism, and Judge Arthur Engeron, whom he has branded as “crooked,” particularly in the context of his civil fraud case.

However, amidst these legal challenges, Trump received a financial boon last week with the announcement that Truth Social is poised to go public through a merger. This transaction holds the potential to generate billions of dollars for Trump.

Although Trump will be unable to access the funds for six months, the upcoming public debut of Truth Social could potentially bolster his ability to secure a bond.

Nevertheless, in the event of non-payment, New York Attorney General Letitia James retains the authority to freeze Trump’s bank accounts or initiate proceedings to seize some of his properties in New York.

Trump’s legal team has consistently sought to delay his numerous trials, with the ultimate aim of postponing them until after the presidential election.

One such trial involves adult film actress Stormy Daniels, known legally as Stephanie Clifford. In this case, Trump faces allegations of unlawfully using campaign funds to ensure her silence regarding an alleged 2006 sexual encounter.

Had Stephanie Clifford spoken out, the consequences for Trump’s presidential aspirations could have been devastating, particularly following closely on the heels of another scandal.

This previous incident involved a leaked recording in which the married businessman boasted about his ability, as a celebrity, to inappropriately touch women.

Trump stands accused of orchestrating the hush money payments in a manner that allegedly involved falsifying business records, constituting illegal conduct.

If convicted, the former president could potentially face a prison sentence of up to four years, underscoring the gravity of the charges against him in this ongoing legal saga.

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‘Only Two Genders’ – Trump Vows To Tackle Transgender Lunacy

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President-elect Donald Trump has announced plans to take sweeping actions against what he described as “transgender lunacy,” signaling a push to reverse policies protecting transgender individuals in schools, sports, and the military.

Speaking at the AmericaFest conference in Phoenix, Trump outlined his administration’s priorities, stating, “I will sign executive orders to end child sexual mutilation, get transgender out of the military, and out of our elementary schools, middle schools, and high schools.”

READ MORE: Ex-IMF Chief, Rodrigo Rato Jailed For Money Laundering, Fraud

He also vowed to “keep men out of women’s sports” and asserted, “It will be the official policy of the United States government that there are only two genders, male and female.”

The president-elect’s remarks come amid growing national debate over transgender rights, with states divided over issues such as gender-affirming medical care and the inclusion of books addressing transgender topics in schools.

The controversy escalated last week when Congress passed a defense budget provision blocking funding for certain gender-affirming care for the children of service members.

Trump’s speech drew strong reactions, with critics warning that his policies could strip essential protections from transgender individuals.

Civil rights advocates have raised concerns about the implications of these proposals on marginalized communities.

In addition to his focus on cultural issues, Trump used the event to outline his vision for the nation under his leadership.

He described his presidency as a turning point, promising to address international conflicts and restore American dominance.

“On January 20, the United States will turn the page forever on four long, horrible years of failure, incompetence, national decline, and we will inaugurate a new era of peace, prosperity, and national greatness,” Trump declared, referring to his upcoming swearing-in.

He pledged to end the war in Ukraine, stabilize the Middle East, and avert global conflict. “I will stop the chaos in the Middle East, and I will prevent, I promise, World War III,” he said.

The president-elect also reiterated his commitment to reclaiming control of the Panama Canal and combating crime linked to illegal immigration.

“I can proudly proclaim that the golden age of America is upon us,” Trump concluded.

 

 

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Ex-IMF Chief, Rodrigo Rato Jailed For Money Laundering, Fraud

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A Madrid court on Friday handed down a sentence of more than four years in prison to Rodrigo Rato, the former chief of the International Monetary Fund (IMF) and Spain’s ex-economy minister.

Rato was convicted of multiple charges, including tax crimes, money laundering, and corruption.

READ MORE: NCDMB Rewards Winners Of 2024 Edition National Undergraduate Essay Competition

The court found Rato guilty of “three offences against the treasury, one offence of money laundering, and one offence of corruption between individuals,” according to an official statement.

Details shortly………..

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South Korean President Banned From Travel Amid Martial Law Backlash

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South Korean President, Yoon Suk Yeol has been banned from leaving the country, the Justice Ministry confirmed Monday, following a week of political chaos triggered by his brief declaration of martial law.

The ban marks the first time a sitting president has faced such a restriction in the nation’s history.

Recall that on December 3, Yoon ordered special forces and helicopters to the National Assembly in an attempt to impose martial law.

RELATED NEWS: Martial Law: South Korea Opposition Files Impeachment Motion Against President Yoon

Lawmakers swiftly overturned the decree, forcing Yoon to rescind the order. Although he survived an impeachment motion on Saturday, public anger has continued to mount, with large protests demanding his resignation.

Authorities are now investigating Yoon and his close allies for their roles in last week’s events, including allegations of insurrection.

Among those facing travel bans are former Defense Minister Kim Yong-Hyun, who is in custody, and former Interior Minister Lee Sang-min.

General Park An-su, who led the martial law operation, and Defence Counterintelligence Commander Yeo In-hyung have also been barred from leaving the country.

General Park was questioned by investigators on Monday as the probe intensified.

Yoon’s impeachment failed after members of his ruling People Power Party (PPP) walked out of the National Assembly, denying the opposition the required two-thirds majority.

In exchange for their support, Yoon reportedly agreed to delegate his powers to the prime minister and the PPP chairman.

“This is an unlawful, unconstitutional act of a second insurrection and a second coup,” said Park Chan-dae, floor leader of the opposition Democratic Party.

Critics argue that Yoon’s decision to hand power to unelected officials violates the constitution.

“It seems to resemble an unconstitutional soft coup,” said Kim Hae-won, a constitutional law professor at Pusan National University.

“Their attitude of placing themselves above the constitution mirrors that of insurrectionist Yoon Suk Yeol,” added Park Chan-dae.

Despite Yoon’s apology for the “anxiety and inconvenience” caused by his martial law order, his approval rating has plummeted to 11%, according to a recent Gallup poll.

Opposition leaders have announced plans for a second impeachment vote on Saturday, with massive protests expected outside the National Assembly.

The PPP’s claim that Yoon can remain in office while delegating his powers to party officials has also been widely criticized.

“If there are issues with the president, the constitution lays out clear procedures, such as suspension or impeachment,” said Professor Kim Hae-won.

The ongoing crisis has raised concerns about South Korea’s leadership amid tensions with nuclear-armed North Korea.

The Defense Ministry confirmed Monday that Yoon remains the official commander in chief, despite questions about his authority.

“Legally, (control of military forces) currently lies with the commander in chief,” said Defense Ministry spokesperson Jeon Ha-Kyou.

 

 

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