Appeals Court Grants Former President Break

Trump Posts $175 Million Bond in Civil Fraud Case

Appeals Court Grants Former President Break

By JAKE OFFENHARTZ and MICHAEL R Updated 219 PM PDT February 23 2024 NEW YORK AP

Former President Donald Trump on Monday posted a $175 million appeal bond in his New York civil fraud case, an amount reflecting the big break a Manhattan appeals court granted him. A New York appeals court gave Trump a break on Monday, allowing him to post a $175 million bond in his New York civil fraud case instead of requiring him to cover the entire $354.8 million judgment against him.

The $175 million bond is still a substantial amount of money, but it is significantly less than the full judgment. Trump's attorneys had argued that he should not be required to pay the full judgment while he appeals the case, and the appeals court agreed.

The decision is a victory for Trump, who has been fighting the civil fraud lawsuit for years. The lawsuit was brought by the New York Attorney General, who accused Trump of inflating his wealth by billions of dollars to obtain favorable loan terms and other benefits.

Trump has denied the allegations, and the case is still ongoing. However, the appeals court's decision to allow Trump to post a bond while he appeals the case is a significant development.