A New York appellate court has ruled that former President Donald Trump can post a lower bond of $175 million to cover his $464 million civil fraud judgment.
Aaron Katersky, Peter Charalambous, Mike Levine and John SantucciA New York appellate court has ruled that former President Donald Trump can post a lower bond to cover hisThe Appellate Division, First Department said Trump can post a bond "in the amount of $175 million" to cover the judgment.
"Donald Trump is still facing accountability for his staggering fraud," the statement said. "The court has already found that he engaged in years of fraud to falsely inflate his net worth and unjustly enrich himself, his family, and his organization." The finding and $354 million penalty, plus interest, immediately presented a cash crunch for a man who successfully ran for president on his wealth and success.
Engoron denied that request and signed the judgment on Feb. 22; the following day, the New York Supreme Court clerk entered the judgment, effectively starting the clock for the financial penalties in the case.
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