China News Service, February 29 (Xinhua) According to comprehensive foreign media reports, on February 28, local time, Judge Singer of the New York Court of Appeals ruled to reject former President Trump's request to suspend the payment of fines during the appeal of the fraud case, which means that Trump Pu must pay a huge fine of approximately US$454 million.

Data map: Former US President Trump.

　　According to reports, New York State Attorney General Lexia James sued Trump, the Trump Organization and other defendants in 2022, accusing them of inflating the value of Trump's properties to increase net worth and obtain better loan and insurance terms.

　　On February 16, 2024, New York State Judge Ngoro ruled that Trump was guilty of financial fraud and must pay a fine of US$355 million and related interest.

Trump and his related institutions and companies are not allowed to apply for loans from financial institutions registered in New York State for three years, and Trump himself is not allowed to serve as an executive or director of any company in New York State for the next three years.

According to the final judgment announced by the judge on the 23rd, Trump must pay a total of at least US$454 million (including a fine of US$355 million and interest of nearly US$100 million).

　　Trump is currently appealing Judge Ngoro’s ruling.

On February 28, when Trump's lawyer requested a stay of execution of the judgment, he stated that his client was unable to pay the full security deposit during the appeal and proposed to pay only a $100 million security deposit.

　　The lawyer said, "The verdict is too high and too harsh, coupled with (the judge's) illegal and unconstitutional ruling prohibiting borrowing, resulting in (we) being unable to obtain and post the full bond."

　　CNN reported that New York Court of Appeal Judge Singer rejected Trump's request to suspend the execution of the judgment that day, but at the same time lifted the ban on Trump obtaining loans from financial institutions regulated in New York.

The Washington Post also said that Singer's decision may be changed or canceled in the coming weeks.

A full panel is expected to review this and make a decision on March 18.