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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It's not really special treatment. Generally, it's understood that the defendant will use a bond company and put up a fraction of the cash. They are trying to balance the defendants appeal rights with not postponing the judgement forever. He's actually tying up significantly more money this way than he would with a bond.
The actual judgement, should he lose appeal, isn't reduced.
The actual judgement, should he lose appeal, isn't reduced.
That's a very important take-away.
Though it is still frustrating that he's managed to delay the entire process yet again.
Yes because if he delays it till he’s president he’ll just ignore it.
That's a big part of his game plan for all of the legal actions he is facing.
2 days ago he claimed publicly he had 500 millions cash.... Why cut him a break when, by his own statement, he can pay his own bond or back it up?
This is nothing but special treatment.... Bear in mind they also loosened a ton of other conditions: grifter kids don't have to pay their $5 million bonds either, they can continue to first in NY until appeal , etc... none of those have anything to do with your justification for lowering the bond