That appears to a layman to be a violation of the 8th and 14th amendments -- "excessive bail" and "excessive fines" are both plainly forbidden, as is a state depriving a person of the equal protection of the laws -- and arguably Article I, Section 9, Clause 3 ("No bill of attainder," although this was a judicial action rather than a legislative one it serves the same purpose).
The apparent purpose of this is to not only to punish him for his political activity, but to hamper his pursuit of further office by tying up his personal wealth. I would say that this appeared to be extraordinarily corrupt except, of course, that it's only one of several similar actions ongoing at the same time in courts around the country.
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