Donald Trump posted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing.
A New York appellate court had given the former president 10 days 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, the presumptive Republican presidential nominee 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.
I’m curious as to how a $175M bond is supposed to guarantee a $454M judgment.
The appeals court lowered it to this amount. This could be a hint that the judge didn’t calculate the original amount correctly. Meidas Touch on YouTube did a video about it. I haven’t seen any good articles which repeat the same idea.
