Donald Trump followed through on his vow to pay a $175 million bond to put a massive civil fraud verdict on hold while he appeals it, assuring New York state won’t start seizing the former president’s assets, at least for now.
The bond, posted on Monday with a Manhattan appeals court, prevents enforcement of a $454 million penalty levied by a judge against the real estate mogul in Feb for lying about his assets for years to get better loan terms.
Trump, who is campaigning to return to the White House in the Nov election, is still on the hook for the full amount if his appeal fails. The bond was arranged by Los Angeles-based auto insurance company owned by a Trump supporter.
The bond, posted on Monday with a Manhattan appeals court, prevents enforcement of a $454 million penalty levied by a judge against the real estate mogul in Feb for lying about his assets for years to get better loan terms.
Trump, who is campaigning to return to the White House in the Nov election, is still on the hook for the full amount if his appeal fails. The bond was arranged by Los Angeles-based auto insurance company owned by a Trump supporter.
