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Former President Trump posted a $175 million bond in his New York civil fraud case Monday evening, staving off the possible seizure of his assets while appealing a state judge’s ruling against him over deceitful business practices. The bond, from the Knight Specialty Insurance Company, automatically bars New York Attorney General Letitia James (D) from…
If Mr Trump does not post a bond to cover the penalty by Monday, his assets are at risk of seizure.
Reduction in bond amount doesn’t reduce the total $454m fine, but assures Trump will pay full amount if his appeal is unsuccessful
NEW YORK — A New York appeals court showed Donald Trump some mercy Monday, allowing him to post a bond of $175 million in his civil fraud case — rather than half a billion — to ward off foreclosures while he appeals. In a brief order, the 1st Department Appellate Division agreed to pause enforcement of the more severe elements of the devastating court decision handed down last month finding ...
A New York appellate court on Monday ruled that former President Donald Trump can post a $175 million bond instead of the over $450 million penalty he owes in his headline-grabbing civil fraud case, the New York Times reported.The paper characterized the ruling as "a crucial and unexpected victory" ...