Former President Donald Trump will not have to obtain a bond of $464 million to appeal the judgment against him in the civil fraud trial, the New York appeals court ruled Monday.
The New York State Court of Appeals ruled that former President Donald Trump does not have to come up with $464 million to appeal the judgment against him in his civil fraud trial, and must only provide a bond in the amount of $175 million.
In addition to the financial portion of the lower court's decision, the appeals court stayed the three-year bars against Trump from applying for loans from New York financial institutions, the two-year prohibition against Donald Trump Jr. and Eric Trump from serving as officers or directors in New York companies and the permanent bar against former Trump Organization CFO Allen Weisselberg and controller Jeff McConney from serving in financial control positions in New York businesses.
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