President Donald Trump’s bond in the New York real estate fraud case has been reduced from $454 million to $175 million. This was a zero-hour decision by a New York appellate court panel of five judges. Trump was also given a 10-day extension to pay the bond, as the deadline for the original bond was today. Trump would need to pay the entire amount in cash since the 30 surety companies he contacted refused to give him a loan for such a large amount of money.
Many conservative voices and real estate investors see the case as bogus political posturing because the real estate industry works the exact way that Trump was punished for behaving. Supporters of the decision against Trump are often hypocritical. They would like to see Trump sell off his assets to pay the bond, such as Trump Tower. The dollar amount they assign to these assets is not far off what Trump or any other investors say they are worth, undermining the entire case.
SOURCES:
N.Y. appeals court reduces Trump’s bond in his civil fraud case to $175 million, a victory for the former president
Trump’s Bond in Civil Fraud Case Reduced to $175 Million – The New York Times
Trump wins request to reduce N.Y. fraud bond, allowed to post $175M – The Washington Post
Appeals court lowers Trump’s bond in civil fraud case to $175 million : NPR
Judge agrees to reduce Trump fraud bond to $175m
Trump New York fraud bond cut to $175 million in appeal from $454 million
Deadline arrives for Trump to pay $454M bond in fraud case – YouTube
Nick Sortor on X: “CNN 1 month ago: “Mar-a-Lago is only worth $18 million!” CNN now: “Trump should sell Mar-a-Lago for $240 million to pay off part of his judgement!” Somebody PLEASE make it make sense. https://t.co/Fx6TQq8992” / X
