According to a NEWSMAX report, former President and 2024 GOP presidential nominee Donald Trump has been given ten days to pay a $175 million dollar bond after an appeals court slashed the original $454M bond.
From NEWSMAX:
If he does, it will stop the clock on collection and prevent the state from seizing his assets while he appeals.
The development came just before New York Attorney General Letitia James was expected to initiate efforts to collect the judgment.
Earlier this week, Trump’s lawyers pleaded for a state appeals court to halt collection, claiming it was “a practical impossibility” to get an underwriter to sign off on a bond for such a large sum.
The ruling was issued by the state’s intermediate appeals court, the Appellate Division of the state’s trial court, where Trump is fighting to overturn a judge’s Feb. 16 finding that he lied about his wealth as he grew the real estate empire that launched him to stardom and the presidency.
This story is developing…
BREAKING NEWS: A New York Appeals Court allows former President Donald Trump's bond to be reduced to $175 million in the New York civil fraud trial. Lawyer Gerard Filiti reacts. pic.twitter.com/vqEjOOnPA5
— NEWSMAX (@NEWSMAX) March 25, 2024
