Trump Posts $175 Million Bond in Fraud Case

Former President Donald Trump posts a $175 million bond in a New York civil fraud case.

[{"selector":"#anim-9cdf9c94-0792-41f5-b5db-7ea420294fa6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Trump faced potential asset seizure after a $464 million judgment for a fraud scheme.

[{"selector":"#anim-e9198fec-07f1-4a7f-8e93-38bd052da1dd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Trump required posting bond to prevent enforcement of the judgment during his appeal.

[{"selector":"#anim-e38e83f5-bcf6-48ae-8090-a15feb648de5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Trump’s attorney, Alina Habba, asserts his commitment to appealing the verdict.

[{"selector":"#anim-4d87b383-2b2f-407c-a48f-80311573f69f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The appellate court reduced the bond from $464 million after a missed deadline.

[{"selector":"#anim-5d7370e8-42d9-4fe0-aa4f-5e3c9f73999e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Letitia James indicated pursuit of Trump's assets if the bond was not posted.

[{"selector":"#anim-c509148b-2aa2-4834-8f02-080b7b4ffdf3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Trump turned down by over 30 surety companies, struggling to secure the initial bond amount.

[{"selector":"#anim-3cd7df33-cef5-4241-8574-0939819c6544 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Trump’s legal team describes securing the original bond as a "practical impossibility."

[{"selector":"#anim-2e6e7a3d-70b9-47fd-a224-b4dcf6899fb5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Knight Specialty Insurance Company provides the $175 million bond, not listed among initial approached companies.

[{"selector":"#anim-9d643273-588c-4ffb-b26f-9f8f7185d4e3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

See all Latest News from here

[{"selector":"#anim-5f37dd25-f446-4182-9ba3-606d2692c96e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]