"Trump Successfully Posts $175M Bond in New York Civil Fraud Case"

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Source: ABC News
"Trump Successfully Posts $175M Bond in New York Civil Fraud Case"
Photo: ABC News
TL;DR Summary

Former President Donald Trump and his co-defendants have secured a $175 million bond in their New York civil fraud case, allowing them to post a reduced bond of $175 million after being granted a 10-day stay of the $464 million judgment. Trump's lawyers had argued that he lacked the cash to secure a bond for the full judgment, and without intervention from an appeals court, defense lawyers argued that Trump would suffer irreparable harm. If their appeal fails, the former president and his co-defendants will be on the hook for the entire $464 million judgment, and New York Attorney General Letitia James could enforce the judgment by seizing Trump's assets.

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