New York Appeals Court Grants Trump Legal Victory: Allows Lower Bond in Civil Fraud Case

Donald Trump secured a victory in a New York appeals court on Monday as the court will allow the former president to post a significantly lower bond in his civil business fraud judgment.

Instead of posting a bond of $464 million, the appeals court ruled that Trump must now guarantee $175 million, ABC News correspondent Aaron Katersky reported. The appeals court ruling also means that Trump can continue to run his business in New York and gives him an additional 10 days to post the $175 million bond, according to CNN.

The ruling comes hours after the deadline for Trump to post the bond hit on Monday, meaning New York Attorney General Letitia James could seek to collect on the former president and seize his assets. The court’s decision will likely prevent James from pursuing the seizure of Trump’s property for now.

Prior to Monday’s appeals court decision, Trump would’ve had pledge 120%, or around $550 million, in collateral to a bond company, an amount his lawyers said last week would be “a practical impossibility” to attain. While Trump boasts a net worth in the billions, much of his wealth is in real estate, which bond companies usually avoid taking as collateral, according to The New York Times. (Read more from “New York Appeals Court Grants Trump Legal Victory: Allows Lower Bond in Civil Fraud Case” HERE)

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