By The FirstAn appeals court in New York reduced Donald Trump’s bond payment by 61% Monday.
The former President was initially ordered to pay $464 million as a result of the civil fraud case brought by New York Attorney General Letitia James.
That figure is now $175 million.
From Fox News:
A New York Appeals Court, hours before the deadline to post the $464 million, lowered that bond considerably. The court ordered that Trump post $175 million within 10 days.
Trump said he will “abide” by the appeals decision and post the $175 million bond.
If Trump does post the $175 million by the new deadline, it would effectively block James from attempts to seize Trump’s assets as he continues to appeal the judgment by New York Judge Arthur Engoron.
“Judge Engoron has refused to obey the decision of the Appellate Division relative to the Statute of Limitations. This is a confrontation between a Judge and those that rule above him – A very bad situation in which to place New York State and the Rule of Law! Engoron has disrespected the Appellate Division and its very clear and precise ruling,” Trump posted on his Truth Social Monday. “He should be made to do so, and at the same time, release the GAG ORDER.”
Trump said the appeals ruling Monday is “the 5th time in this case that he has been overturned, a record.”
