"Trump's Legal Maneuvers: Bond Posting and Financial Fortunes"

1 min read
Source: The New York Times
"Trump's Legal Maneuvers: Bond Posting and Financial Fortunes"
Photo: The New York Times
TL;DR Summary

Former President Donald Trump secured a bond deal to prevent New York's attorney general from pursuing his assets and bank accounts while he appeals a $454 million judgment in his civil fraud case. The bond, set at $175 million, was obtained from a California company and will cover a portion of the judgment if Trump loses his appeal. This deal averts a financial crisis for Trump, who was originally required to cover the entire penalty, and gives him more time to resolve the case.

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