Donald Trump's $175 Million Bond to Prevent Asset Seizure in Fraud Case Appeal
Former President Donald Trump posted a $175 million bond to prevent New York from seizing assets like Trump Tower as he appeals a civil fraud case ruling that he cheated business partners.
Key Points
- Trump posted a $175 million bond to prevent asset seizure by New York
- The bond was reduced from $450 million by an appellate court panel
- If Trump loses the appeal, he may owe over $450 million in civil court judgment
Pros
- Prevents New York from seizing assets like Trump Tower
- Allows Trump to continue appealing the civil fraud case ruling
Cons
- Potential financial loss if appeal is unsuccessful