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Bond Extension

All articles tagged with #bond extension

legalpolitics1 year ago

"Appeals Court Grants Trump 10-Day Reprieve in Fraud Trial Bond"

A New York appeals court has granted Donald Trump a 10-day extension to secure a portion of the $464m bond he has been ordered to post in the civil fraud case. This decision comes after the former president signaled he was struggling to come up with the money. The ruling is a win for Mr Trump, as he now has more time to secure just $175m while awaiting a ruling in his appeal. The original judgement imposed a $454m penalty on Mr Trump and his co-defendants for conspiring to inflate his net worth, but the appeals court's decision reduces the bond amount, making it easier for Mr Trump to post it.