April 17, 2024

Appeals Court Reduces Bond for Trump in Civil Fraud Case

An appeals court docket agreed Monday to scale back former President Donald Trump’s New York civil fraud case bond whereas he appeals the ruling.

If Trump is ready to put up the $175 million bond inside 10 days, the court docket agreed to dam assortment of the judgment, according to The Associated Press.

Trump initially confronted a Monday deadline to pay a $454 million bond to cowl the judgment issued by Judge Arthur Engoron.

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Trump’s legal professionals indicated in a court docket submitting final week that he wouldn’t be capable to publish that bond, writing that “very few bonding companies will consider a bond of anything approaching that magnitude.” His attorneys sought to remain the execution of the judgment.

In response, New York state Attorney General Letitia James argued Trump had not provided proof that he could be unable to pay.

“If defendants were truly unable to provide an undertaking, they at a minimum should have consented to have their real estate interests held by Supreme Court to satisfy the judgment,” the submitting acknowledged.

Originally printed by the Daily Caller News Foundation

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