"New York AG Questions Legality of Trump's $175M Civil Fraud Appeal Bond"

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Source: NJ.com
"New York AG Questions Legality of Trump's $175M Civil Fraud Appeal Bond"
Photo: NJ.com
TL;DR Summary

A new report from ProPublica suggests that former President Donald Trump's legal team may have failed to inform a New York court that he could have secured a $464 million bond before it was reduced to $175 million in his civil fraud case. Despite claiming it would have been practically impossible to obtain the higher amount, a billionaire lender had expressed willingness to provide the full bond and use real estate as collateral. The lawyers allegedly did not file paperwork alerting the appeals court about this development, potentially violating ethics rules. Ultimately, the appellate court ruled in Trump's favor, lowering the bond to $175 million, and the billionaire lender ended up providing the bond for the reduced amount.

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