My Blog
Business

Trump posts $175 million bond in civil fraud case

Trump posts 5 million bond in civil fraud case
Trump posts 5 million bond in civil fraud case


Former U.S. President Donald Trump speaks after attending a wake for New York City Police Department (NYPD) officer Jonathan Diller, who was shot and killed while making a routine traffic stop on March 25 in the Far Rockaway section of Queens, in Massapequa Park, New York, U.S., March 28, 2024. 

Shannon Stapleton | Reuters

Former President Donald Trump has posted a $175 million bond in the New York civil fraud case, preventing seizure of his assets while the case is on appeal.

The bond comes after a state appeals court ruled last week that the former president and his co-defendants had 10 days to post the amount, which was reduced from the $464 million judgment that was originally due March 25.

Before last week’s ruling, Trump was liable for $454 million, most of the fraud judgment, but the amount he owed had been growing by more than $111,000 daily due to added interest.

Related posts

SoftBank-backed Ola Electric wants to launch India-built EV in 2024

newsconquest

Ripple obtains full license to operate in Singapore

newsconquest

Kids who do these 12 things have ‘highly sensitive’ brains—why parenting experts say it’s an ‘advantage’

newsconquest