Trump Says He Will Post Bond In ‘Cash’ After Appeals Court Lowers ‘Ridiculous’ Amount In NY Civil Fraud Case | JP
After a ruling from a New York Appeals Court on Monday allowing him to post a significantly lower bond in his civil business fraud judgment, former President Donald Trump said he would soon post the now-$175 million bond.
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 reduced bond, according to CNN.
“This also shows how ridiculous and outrageous [Judge Arthur] Engoron’s original decision was at $450 Million,” Trump said in a post on Truth Social. “I DID NOTHING WRONG, AND NEW YORK SHOULD NEVER BE PUT IN A POSITION LIKE THIS AGAIN. BUSINESSES ARE FLEEING, VIOLENT CRIME IS FLOURISHING, AND IT IS VERY IMPORTANT THAT THIS BE RESOLVED IN ITS TOTALITY AS SOON AS POSSIBLE. THANK YOU!”
The former president, who appeared in a Manhattan court on Monday for the Stormy Daniels hush money case, told reporters on his way out of the courtroom that he would post the civil fraud judgment bond in “cash.”
Trump says he will pay the bond in CASH. pic.twitter.com/Iln5mpLv1H
— The Post Millennial (@TPostMillennial) March 25, 2024
In his Truth Social post, Trump threw in some more shots at Judge Arthur Engoron and New York Attorney General Letitia James.
“Judge Engoron has refused to obey the decision of the Appellate Division relative to the Statute of Limitations. This is a confrontation between a Judge and those that rule above him – A very bad situation in which to place New York State and the Rule of Law!” the former president wrote. “Engoron has disrespected the Appellate Division and its very clear and precise ruling. He should be made to do so, and at the same time, release the GAG ORDER. This is the 5th time in this case that he has been overturned, a record. His credibility, and that of Letitia James, has been shattered.”
The appeals court decision came hours after the deadline for Trump to post the bond hit on Monday, meaning 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.
In a statement, a spokesman for James said Trump would still be held accountable.
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“Donald Trump is still facing accountability for his staggering fraud. The court has already found that he engaged in years of fraud to falsely inflate his net worth and unjustly enrich himself, his family, and his organization,” the statement said, according to CNN. “The $464 million judgment – plus interest – against Donald Trump and the other defendants still stands.”