Trump secures $175 million bond in New York civil fraud case
Posted: Apr 02, 2024
- Former President Donald Trump and his co-defendants secured a $175 million bond in their New York civil fraud case through Knight Specialty Insurance Company. - Trump's lawyers argued to reduce the bond from $464 million, citing lack of cash to secure the full judgment after being rejected by over 30 bond companies. - The defense team is appealing the ruling in the case which found Trump engaged in business fraud by falsely inflating his net worth. - If the appeal is unsuccessful, Trump and his co-defendants will have to pay the full $464 million judgment, and assets could be seized if funds are not available. - Trump previously secured a $92 million bond through insurance company Chubb in a defamation suit brought against him by E. Jean Carroll.
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