Donald Trump Able to Post $400M Bond to Appeal Engoron Ruling: Alina Habba

Trump lawyer Alina Habba said that the former president is prepared pay the nearly $400 million bond required for him to appeal his business fraud ruling in New York.

Former President Donald Trump was ordered to pay $355 million in fines last week after New York Judge Arthur Engoron found him and his real estate empire, the Trump Organization, liable of fraud by inflating the value of his assets to obtain more favorable loans and insurance terms. Trump and his attorneys have already vowed to appeal the decision, although the defense will have to wait until the clerk's office at Engoron's courthouse has filed all the proper paperwork connected to the case.

Speaking with Fox News' Martha MacCallum on Monday, Habba, who was Trump's lead defense lawyer in the case, reiterated plans to appeal Engoron's decision, adding that in order to appeal the case, the defense team will have to post a bond, "which is the full amount and some, and we will be prepared to do that."

Habba went on to explain that the bond, which will have to be posted within 30 days after the verdict, will end up totaling close to $400 million. According to a report by NBC News, the appeal bond equals Trump's $355 million verdict plus a 9 percent post-judgment interest, which would be collected by the state of New York in the case that Trump loses his appeal.

"What they're trying to do between this case between my last case is put [Trump] out of business," Habba continued. "It's not gonna work, number one. Number two, what they're doing is a scare tactic. Unfortunately, they picked the wrong guy to pick on, in my opinion, because he's strong, he's resilient and he happens to have a lot of cash."

Newsweek reached out to Trump's campaign via email for further comment.

New York Attorney General Letitia James, who brought the civil suit against Trump, has praised Engoron's ruling as a "massive victory," adding in a post to X, formerly Twitter, last week that "No matter how big, how rich, or how powerful you are, no one is above the law. Not even Donald Trump."

Habba pressed back on James' statement while speaking with MacCallum on Monday, adding that she invites the so-called "left-wing" prosecutors who are leading the investigations against Trump "to show me that no one is above the law while we have Hunter Biden, [President] Joe Biden, and all of his friends up in D.C. in the deep state that have not been touched."

"Show me no one is above the law, Martha because I'm not seeing that," Habba continued. "You know what I'm seeing in court...[is] the only person that is not [above the law], the only person who did nothing wrong but will still get persecuted and prosecuted, is President Trump, because they can't beat him in November."