Donald Trump NYC Fraud Inquiry
Trump Posts $175 Million Bond in Civil Fraud Case to Avert Asset Seizure
Former President Donald Trump and several associates were ordered by a New York appeals court to pay a $175 million bond within 10 days in relation to a civil fraud case. The original judgment, which found Trump liable for inflating his net worth by billions of dollars to secure better loan and insurance terms, required a $454 million payment. However, the appeals court stayed the enforcement of the judgment, allowing Trump to pay the smaller amount and preventing New York authorities from seizing his assets in the meantime. Trump's legal team has stated that he looks forward to appealing the decision. The bond will prevent New York Attorney General Letitia James from going after Trump's properties during the appeals process.
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