Initially set at $454 million, Donald Trump’s bond was reduced to $175 million last week|Michael Vadon|CC BY-SA 2.0
Former President Donald Trump dodged potential asset seizures by posting a $175 million bond in his New York civil fraud case on Monday. The properties at stake included Trump Tower and the Mar-a-Lago resort, where he resides.
The development follows a February ruling where Trump was found liable for inflating his net worth to secure better loan terms.
His bond for the case was initially $454 million, but due to challenges in securing the amount, it was reduced to $175 million last Tuesday. Trump and his co-defendants had 10 days to post the amount.
Trump, the probable Republican presidential nominee, maintains innocence, labeling the case as a political witch hunt orchestrated by NY Attorney General Letitia James, who filed the lawsuit in 2022.
In other Trump news
Shares of Truth Social’s parent company witnessed a sharp 21% decline in its shares following the revelation of its near-bankruptcy scare last year.
Trump, who owns approximately 57% of the company, suffered a loss of over $1 billion in stake value.