Trump bond cut by 68% to $175 million as he appeals NY fine

Credit: IndiaTimes- Published on March 25, 2024
The decision Monday was delivered as Trump faced a deadline to either pay the $454 million verdict or post a bond for 120% of the judgment to put it on hold while he appeals. That would have amounted to nearly $545 million dollars, more cash than Trump said he had on hand. The former president was given 10 days to post the new...

Video credit: Wibbitz Top Stories
Published on March 25, 2024 -  01:31
Trumpโ€™s Civil Fraud Judgement Bond Is Reduced to $175 Million
Trumpโ€™s Civil Fraud Judgement Bond , Is Reduced to $175 Million. On March 25, a New York appeals court told Donald Trump that if he can pay $175 million within 10 days. collection of his $454 million civil fraud judgement will be paused, AP reports. . The payment would also stop the state from seizing any of Trump's assets during the appeals process. . A previous ruling that Trump and his sons, Eric and Donald Trump Jr., couldn't serve in corporate leadership for a number of years was also reversed. . The order, a significant victory for the former president, came just before Attorney General Letitia James was about to begin the process of collecting the judgement, AP reports. . The order, a significant victory for the former president, came just before Attorney General Letitia James was about to begin the process of collecting the judgement, AP reports. . The presumptive Republican presidential nominee praised the ruling and criticized Judge Arthur Engoron's initial ruling. What heโ€™s done is such a disservice and should never be allowed to happen again, Donald Trump, via statement. So I greatly respect the decision of the Appellate Division, and Iโ€™ll post either $175 billion in cash or bonds for security or whatever is necessary, very quickly, within the 10 days. , Donald Trump, via statement. And I thank the Appellate Division for acting quickly, but Judge Engoron is a disgrace to this country, and this should not be allowed to happen, Donald Trump, via statement. However, James' office points out that the judgement still stands, even if collection is paused. . Donald Trump is still facing accountability for his staggering fraud, Letitia James' office, via statement

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