"Trump Posts $175 Million Bond to Appeal Civil Fraud Verdict"
TL;DR
Donald Trump has posted a $175 million bond in his New York civil fraud case, preventing the state from seizing his assets while he appeals the more than $454 million he owes. The bond is a placeholder to guarantee payment if the judgment is upheld, and if Trump wins, he won’t have to pay the state anything. The bond was posted after a New York appellate court lowered the required amount, and the underwriter for the bond is Knight Specialty Insurance. Trump is fighting to overturn a judge’s finding that he lied about his wealth, and the appeals court is set to hear arguments in September.
- Donald Trump posts $175 million in civil fraud case The Associated Press
- Donald Trump Obtains $175 Million Bond in Civil Fraud Case The Wall Street Journal
- Donald Trump Rages at Judge After Posting $175 Million Bond Newsweek
- Billionaire known for high-interest loans to car buyers with poor credit chairs the insurance group that underwrote Trump's $175 million bond Fortune
- Trump posts $175M bond to stave off seizure of his assets while he appeals civil fraud verdict POLITICO
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