NY AG Letitia James asks judge to void Trump's $175M bond in civil fraud case
Saturday, 20 April 2024 () The New York Attorney General’s office asked a judge to void a $175 million bond posted by former President Donald Trump claiming the fraud bond isn't properly backed.
The New York attorney general's office is urging a judge to reject the 175 million dollar bond that former President Donald Trump posted in his civil business fraud case. The AG argues that Trump and the other defendants have not proven that they can back the bond if their appeal is unsuccessful....
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Trump’s Civil Fraud Judgement Bond , Is Reduced to $175 Million.
On March 25, a New York appeals court told Donald Trump that if he can pay $175 million within 10 days.
collection of his $454 million civil fraud judgement will be paused, AP reports. .
The payment would also stop the state from seizing any of Trump's assets during the appeals process. .
A previous ruling that Trump and his sons, Eric and Donald Trump Jr., couldn't serve in corporate leadership for a number of years was also reversed. .
The order, a significant victory for the former president, came just before Attorney General Letitia James was about to begin the process of collecting the judgement, AP reports. .
The order, a significant victory for the former president, came just before Attorney General Letitia James was about to begin the process of collecting the judgement, AP reports. .
The presumptive Republican presidential nominee praised the ruling and criticized Judge Arthur Engoron's initial ruling.
What he’s done is such a
disservice and should never
be allowed to happen again, Donald Trump, via statement.
So I greatly respect the decision
of the Appellate Division, and I’ll post
either $175 billion in cash or bonds
for security or whatever is necessary,
very quickly, within the 10 days. , Donald Trump, via statement.
And I thank the Appellate Division
for acting quickly, but Judge Engoron
is a disgrace to this country, and this
should not be allowed to happen, Donald Trump, via statement.
However, James' office points out that the judgement still stands, even if collection is paused. .
Donald Trump is still facing
accountability for his staggering fraud, Letitia James' office, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
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Saturday, 20 April 2024 ()
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