Donald Trump Posts $175mn Bond to Halt New York Fraud Judgment

By
Marcelo Perez
1 min read

Former President Donald Trump has posted a $175 million bond to prevent the New York attorney-general from collecting on a near half-billion dollar fraud judgment against him and his businesses. This step temporarily halted a potential seizure of parts of his property empire. The bond was underwritten by the Knight Insurance Group in California, as reported in a filing to a Manhattan court. Trump had to post the bond in order to pause the enforcement of the judgment while he appeals against it. Another New York court widened a gag order against Trump, after he criticized the judge overseeing a separate criminal case due to go to trial later this month. The hush money case, in which Trump is accused of buying the silence of a porn star and disguising payments in business records, is set to go to trial in Manhattan on April 15. Trump is facing various civil suits and criminal cases in addition to this.

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