Donald Trump posts $175 million bond in NY civil fraud case

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Added 1 month ago by VideoK

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Donald Trump posted a $175 million bond in his New York civil fraud case, according to a court filing.

The bond, which was secured by Knight Specialty Insurance Company, prevents the state from seizing Trump's assets to satisfy the debt while he appeals. A New York appellate court had given Trump a deadline to put up the money after a panel of judges agreed last month to slash the amount needed to stop the clock on enforcement.

The bond Trump is posting with the court now is essentially a placeholder, meant to guarantee payment if the judgment is upheld. If that happens, Trump will have to pay the state the whole sum, which grows with daily interest. If Trump wins, he won't have to pay the state anything and will get back the money he has put up now.

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