Donald Trump Posts $175M Bond in New York Civil Fraud Case

Donald Trump and his co-defendants on Monday secured a $175 million bond in their civil fraud case in New York after an appeals court agreed to throw them a bone last week, temporarily reducing the $454 million judgment handed down to them as an appeals process plays out.

The posting of the bond will keep New York authorities, including Attorney General Letitia James, from attempting to seize his assets, including some of his prized real estate properties. The sum was issued by the Knight Specialty Insurance Company, according to a court filing.

The $454 million penalty was handed down to Trump, the Trump Organization, his two adult sons, and two former executives after Judge Arthur Engoron agreed with James that they had inflated the value of Trump’s properties to secure favorable loans.

Read more at The Daily Beast.