Former President Donald Trump says he will pay the bond to appeal the judgment in New York’s civil fraud case now that it has been reduced.
Speaking to reporters on Monday, Trump said, “I greatly respect the decision of the appellate division.”
“And I’ll be [posting] either $175 million in cash or bonds or security or whatever is necessary very quickly, within the ten days. And I thank the appellate division for acting quickly,” he added.
Watch the video below:
Former President Trump: "I greatly respect the decision of the appellate division. And I'll be post either $175 million in cash or bonds or security or whatever is necessary very quickly, within the ten days. And I thank the appellate division for acting quickly." pic.twitter.com/ReJSn03eyE
— CSPAN (@cspan) March 25, 2024
Earlier on Monday, a New York appeals court extended the deadline for the former president to pay the bond by 10 days.
It also cut the amount to $175 million.
As CNN notes, “It’s a major lifeline for the former president, who, along with his adult sons and his company, were fined more than $464 million, including interest, after Judge Arthur Engoron found Trump and his co-defendants fraudulently inflated the value of his assets.”
“The ruling staves off the prospect, for now, of New York Attorney General Letitia James seeking to seize the former president’s property to enforce the judgment against him. Trump had been struggling to come up with the means to post a bond of more than $500 million, the total that he would have needed before Monday’s appellate decision,” it added.
The outlet also explained that the New York attorney general will not be able to try to enforce the judgment until at least September and other penalties from the judgment.
