Trump posts $175 million bond in New York civil fraud case

[Pelican Press 0]

Trump posts $175 million bond in New York civil ****** case

Former U.S. President Donald Trump speaks after attending a wake for New York City Police Department (NYPD) officer Jonathan Diller, who was shot and ******* while making a routine traffic stop on March 25 in the Far Rockaway section of Queens, in Massapequa Park, New York, U.S., March 28, 2024. 

Shannon Stapleton | Reuters

Former President 

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 has posted a $175 million bond in the New York civil ****** case, preventing seizure of his assets while the case is on appeal.

The bond comes after a state appeals court 

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 that the former president and his co-defendants had 10 days to post the amount, which was reduced from the $464 million judgment that was originally due March 25.

Before last week’s ruling, Trump was 

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, most of the ****** judgment, but the amount he owed had been growing by more than $111,000 daily due to added interest.

Trump attorney Alina Habba said Monday that the former president would be vindicated on appeal.

“As promised, President Trump has posted bond. He looks forward to vindicating his rights on appeal and overturning this unjust verdict,” Habba said in a statement.

If Trump doesn’t win 

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, he will have to pay more than $450 million from a judgment stemming from New York Attorney General Letitia James’ ****** case.

A judge found that Trump and top executives at the Trump Organization had 

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 in a scheme to improperly inflate his assets in financial statements that enabled him to claim favorable loan and insurances rates that were not entitled to him.

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