Donald Trump Posts $175 Million Bond Preventing Seizure of Properties

Donald Trump can preserve his cherished properties as a substitute of getting them seized by New York’s Legal professional Common — no less than for now – after he posted a whopping $175 million bond!

As you realize … the previous prez was saddled with a $454 million bond in his civil fraud case introduced by AG Letitia James, however he appealed and got the amount slashed to $175 mil.

On Tuesday, DT took to his Fact Social platform to brag proper after paying the lesser, however nonetheless staggering bond quantity. He additionally blasted James and the case choose, calling them corrupt and the entire scenario election interference. No shocker there.

As for the again story … James claimed that DT was fraudulently inflating his internet value by billions to safe higher loans, and the choose agreed with the AG.

Trump was slapped with a $464 million judgment — and the choose ordered him to pay a $454 million bond to enchantment the choice, which accounted for a lot of the fraud judgment towards the ex-prez.

Trump’s attorneys argued that 45 could not cough up the hefty sum within the time allotted by the court docket — ten days. James threatened to grab Trump’s prized belongings, eyeing such notable buildings as Trump Tower and 40 Wall Avenue.

However, final week, Trump’s attorneys requested an appellate court docket to decrease the bond, and his request was granted, reducing it by greater than half.

Trump secured the bond Monday with the assistance of Knight Specialty Insurance coverage Firm, which underwrote the grand whole. Principally, the insurance coverage firm promised the NY court docket that it’ll pony up the whole bond if Trump loses on enchantment and would not have the money to cowl it.

Whereas that was some excellent news for Trump, there was additionally some actually unhealthy information yesterday for Trump.