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Trump Vows to Pay Reduced Amount to Appeal New York Fraud Judgment

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Trump Vows to Pay Reduced Amount to Appeal New York Fraud Judgment

by Bradley Cortright
March 25, 2024 at 1:09 pm
in Featured, News
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Trump Vows to Pay Reduced Amount to Appeal New York Fraud Judgment

NEW YORK, NEW YORK - MARCH 25: Former U.S. President Donald Trump makes comments as he leaves court after a pre-trial hearing in a hash money case in criminal court on March 25, 2024 in New York City. Trump was charged with 34 counts of falsifying business records last year, which prosecutors say was an effort to hide a potential sex scandal, both before and after the 2016 election. Judge Juan Merchan is expected to set a new start date for the trial after it was delayed following the disclosure of new documents in the case. (Photo by Mary Altaffer-Pool/Getty Images)

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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.

Tags: Donald Trumppolitics
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Bradley Cortright

Bradley Cortright

IJR, Senior Writer He's written for Independent Journal Review since 2019.

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