Trump posts $175 million bond in New York civil fraud case
Former President Donald Trump has secured a $175 million bond in the New York civil fraud case, shielding his assets from seizure while the case is appealed.
The bond, facilitated by Knight Specialty Insurance Co., was posted following a state appeals court ruling reducing the original judgment from $464 million.
Trump’s liability had been accruing significant daily interest before the ruling. His attorney expressed confidence in overturning the verdict on appeal.
If unsuccessful, Trump faces payment of over $450 million stemming from allegations of asset inflation in financial statements, NBC News reported.
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