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.
What about the other 300 million… We’re just going to let it slide, aren’t we?
Unfortunately an appeals court reduced the bond.
"Trump’s Bond in Civil Fraud Case Is Reduced to $175 Million "
“This is what we do at Knight Insurance, and we’re happy to do this for anyone who needs a bond,” said Hankey, who is best known in the business world for making high-risk, high-interest loans to car buyers with flawed credit histories.
lmao
Trump is trading one payment for an even worse one. There’s no way Hankey doesn’t have an iron-clad contract to get back way more than Trump got.
A contract is toilet paper to Trump. He’d happily renig on his part and start the courtroom shenanigans anew. After all what’s one more civil case?
Fuck it; at this point stuff his face with Big Macs until he bursts! He’s never going to jail, so lets clog those arteries until we’re done with this shit stain
A real life Mr. Creosote ending for him would be pretty satisfying.
Nah they should’ve just given him even less to pay. Make it $10 total and give him another month to come up with the money. That’s what they just did.
Do we know where he got it from? He was seeming pretty illiquid.
I’ll give you a hint. It rhymes with “Russian Oligarchs.”
(Sorry, I couldn’t think of anything that rhymes with Russian Oligarchs, so I just said Russian Oligarchs)
If you’re still stumped, it was Russian Oligarchs.
Nothing but a free pass for this guy
This is bullshit. Seize his stuff!
I guess he’s not quite as broke as everyone keeps insisting.
He had to get his bond paid by someone else, in this case it was Knight Insurance.
I consider myself pretty broke and I don’t think I could convince anyone to give me nearly $200 million for bail.
Your guess is wrong. It’s more likely a Russian oligarch bailed him out.
