1 month ago

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Donal Trump 175M Bond Fraud Case

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Former President Donald Trump has posted a $175 million bond as he appeals the judgment against him in the New York civil fraud case brought by state Attorney General Letitia James.

Trump’s bond pauses any action that James could take against Trump’s properties in response to the judgement until at least September, when the state appeals court also set a schedule to hear his appeal of the $464 million verdict against him.

The bond is underwritten by Knight Specialty Insurance, a California-based insurance company, but the court document does not list the collateral that Trump used to secure the bond.

Last month, Trump said at a news conference he would use cash to cover the bond, but claimed that he also wanted to use cash to fund his reelection campaign.

Yet asked if he planned to start personal funds into his presidential campaign, Trump said, “First of all, it’s none of your business,” before adding, “I might do that. I have the option.”

The bond amount was lowered by several hundred million dollars by a state appeals court last month after Trump’s attorneys argued that covering the full bond on the $464 million verdict against him was not feasible. (Trump himself was ordered to pay $454 million; the $464 million includes the disgorgement for his adult sons Don Jr. and Eric.)

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