BREAKING: Trump posts $175 million in New York civil case
The payment of the bond prevents the state from going after Trump’s assets.
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The payment of the bond prevents the state from going after Trump’s assets.
President Donald Trump has posted $175 million bond in the civil case brought against him in New York by Attorney General Letitia James. This was a reduced amount from $454 million originally sought by the AG, which was the judgement against him plus interest.
The payment of the bond prevents the state from going after Trump's assets, such as his Westchester golf course, any of his Manhattan properties or even his Mar-a-Lago home. A three-judge panel is set to hear an appeal and will hear the case on the merits, Reuters reports.
Trump was found guilty of inflating his assets in order to gain favorable loan terms which he then paid back with interest. The AG brought the case despite there being no plaintiffs. Banks with whom Trump did business on these deals have said they would readily do business with him again.
The GOP frontrunner for the Republican presidential nomination appealed the higher sum but a court ruled on March 25 that he could pay the lower amount.
Many, including Trump, have said that the case was politically motivated. Trump faces four criminal trials as well, two brought by Biden's Department of Justice, another brought by Manhattan District Attorney Alvin Bragg, and another by Fulton County DA Fani Willis.
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