Tuesday, April 2, 2024

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Former President Trump posted a $175 million bond to prevent asset seizure while appealing a New York judge's ruling in a civil fraud case. This bond stops the collection of a larger judgment against him and his company pending the appeal. Trump and his organization were previously found liable for fraud, leading to financial and operational penalties. 

 

Despite claims of significant cash assets, Trump's legal team negotiated a reduced bond amount. The bond halts immediate asset seizures, allowing the appeals process to advance, with Trump's lawyer expressing confidence in overturning the verdict.


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