Trump posts $175 million bond in New York civil fraud case
Former U.S. President Donald Trump speaks after attending a wake for New York Metropolis Police Division (NYPD) officer Jonathan Diller, who was shot and killed whereas making a routine site visitors cease on March 25 within the Far Rockaway part of Queens, in Massapequa Park, New York, U.S., March 28, 2024.
Shannon Stapleton | Reuters
Former President Donald Trump has posted a $175 million bond within the New York civil fraud case, stopping seizure of his property whereas the case is on enchantment.
The bond comes after a state appeals courtroom ruled last week that the previous president and his co-defendants had 10 days to publish the quantity, which was decreased from the $464 million judgment that was initially due March 25.
Earlier than final week’s ruling, Trump was liable for $454 million, a lot of the fraud judgment, however the quantity he owed had been rising by greater than $111,000 each day as a consequence of added curiosity.
Trump lawyer Alina Habba stated Monday that the previous president could be vindicated on enchantment.
“As promised, President Trump has posted bond. He appears ahead to vindicating his rights on enchantment and overturning this unjust verdict,” Habba stated in a press release.
If Trump would not win on appeal, he should pay greater than $450 million from a judgment stemming from New York Legal professional Common Letitia James’ fraud case.
A decide discovered that Trump and prime executives on the Trump Group had intentionally engaged in a scheme to improperly inflate his property in monetary statements that enabled him to say favorable mortgage and insurances charges that weren’t entitled to him.
