Trump bond lowered to $175 million as he appeals civil fraud judgment in New York
Trump bond lowered to $175 million as he appeals civil fraud judgment in New York
A New York appeals court has given Donald Trump 10 more days to post his bond as he appeals the civil fraud judgment against him and cut the amount necessary to $175 million
A New York appeals court has given Donald Trump 10 more days to post his bond as he appeals the civil fraud judgment against him and cut the amount necessary to $175 million.
It’s a major lifeline for the former president, who, along with his adult sons and his company, were fined more than $464 million, including interest, after Judge Arthur Engoron found Trump and his co-defendants fraudulently inflated the value of his assets.
The ruling staves off the prospect, for now, of New York Attorney General Letitia James seeking to seize the former president’s property to enforce the judgment against him. Trump had been struggling to come up with the means to post a bond of more than $500 million, the total that he would have needed before Monday’s appellate decision.
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The ruling stated that the $175 million bond will be in place until at least September, meaning James won’t be able to seek to enforce the judgment against Trump until then.
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Did some further reading on this.
Trump is appealing the James ruling. While the appeal is under review, he was still required to pay the penalty amount as a bond to stave off the possibility of the state seizing his assets.
While the bond amount has been reduced to $US175 million. The full penalty still stands if his appeal against the ruling fails!
Yeah, but it's Don so his appeal will succeed anyways because fuck me