Trump plans to post cash bond after appeals court reduces amount in NY civil fraud case
Trump to Post Lower Bond After New York Appeals Court Ruling
Following a recent ruling from a New York Appeals Court, former President Donald Trump is set to post a substantially reduced bond of $175 million in his civil business fraud case. Originally faced with a $464 million bond requirement, Trump now must meet the revised amount, as confirmed by ABC News correspondent Aaron Katersky.
Trump Slams Original Decision as Ridiculous
In a statement on Truth Social, Trump criticized the initial $450 million bond set by Judge Arthur Engoron as “ridiculous and outrageous.” Asserting his innocence, Trump emphasized the impact of such high bonds on businesses and public safety in New York.
Trump vows to pay the bond in CASH.
pic.twitter.com/Iln5mpLv1H— The Post Millennial (@TPostMillennial) March 25, 2024
In his social media post, Trump also criticized Judge Engoron and New York Attorney General Letitia James, highlighting alleged failures to comply with legal decisions.
Legal Battle Continues
The appeals court’s decision allowed Trump additional time to post the reduced bond, preventing immediate asset seizure by James. Despite this development, James’ office affirmed that Trump remains accountable for his actions, citing a $464 million judgment against him and other defendants.
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