Civil Plaintiff

New York Appeals Court Reduces Donald Trump’s Bond in His Civil Fraud Case to $175 Million

Former President Donald Trump and other defendants in his fraud case won an appeal Monday to have their bond reduced, requiring them now to put up $175 million within 10 days to pause enforcement of a $464 million judgment against them. If Trump fails to post bond, it could leave some of his prized real estate and other assets vulnerable to seizure by the state.

The bond was lowered from $464 million on the day that a 30-day grace period for payment expired. New York Attorney General Letitia James had indicated her office would pursue Trump’s assets if he failed to post bond.

“If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets,” she said during a February interview with ABC News.

Read the source article at CBS News

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