An appeals court significantly lowered the amount of money Trump must put up as he appeals a civil fraud judgment from last month..
New York Attorney General Letitia James arrives to hear former president Donald Trump testify in his civil fraud case at the State Supreme Court of New York on Nov. 6, 2023, in New York. would be allowed to post a $175 million bond to stave off enforcement of a nearly half-billion dollar civil judgment against him and his business.
However, while the panel eased the financial cloud over Trump, it did not erase it entirely. The panel gave Trump 10 days to come up with the reduced bond of $175 million. Trump’s attorneys hadsought to post a $100 million bond, rather than the full amount, and have not said whether he can meet the $175 million threshold.
James, who brought the lawsuit against Trump and his company, said Trump misstated the value of his properties and other assets by up to $2.2 billion a year from 2011 to 2021. New York Supreme Court Justice Arthur Engoron, who heard the case, in February ordered that Trump pay more than $450 million as a penalty.
A spokesperson for the attorney general said: “Donald Trump is still facing accountability for his staggering fraud. The court has already found that he engaged in years of fraud to falsely inflate his net worth and unjustly enrich himself, his family, and his organization. The $464 million judgment — plus interest — against Donald Trump and the other defendants still stands.”
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