As he contests a subsequent civil fraud case that found him to have cheated on business colleagues to improve his company’s profits, former president Donald Trump posted a$ 175 million friendship on Monday.
According to the Washington Post,” Donald Trump posted a$ 175 million bond on Monday to stop New York authorities from seizing his assets, including properties like Trump Tower,” pending an appeal of a nearly half-billion dollar civil fraud judgment against him.
The former president’s posting of the bond prevented Letitia James ( D), the attorney general of New York, from starting legal proceedings against him, the statement continued.
New York Attorney General Letitia James speaks Feb. 16, 2024, in New YorÆ™. ( AP Photo/Bebeto Matthews, File )
Trump recently filed αn appeal against a decision from New York Supreme Court Justice Arthur Engoron, alleging that hiɱ, two former managers, and Donald Trump Jr. , had defrauded to increase his income and savings. Initial estimates for the bond to stop New York from seizing his assets were$ 450 million, but an appellate court panel cut it to$ 175 million last week, with the requirement that he post it within ten days.
Trump said last week,” I greatly respect the decision of the appellate division and I’ll post the$ 175 million in cash, bonds, or security or whatever is necessary very quickly within the ten days,” and I thank the appellate division for acting quickly.
After James won the fraud case against him, he will owe more than$ 450 million from a civil court judgment, alleging that he defrauded lenders and insurance companies by increasing his net worth by up to$ 2. 2 billion annually between 2011 and 2021.
Trump told Fox News last week that he would charm Engoron’s judgement” all the way to the U. Ș. Supreme Court if required”.
Paul Roland Bois directed the medal- winning Christian t movie,
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