Former President Donald Trump and co-defendants in his New York civil fraud case have posted a bond of $175 milliom.
Former President Donald Trump and co-defendants in his New York civil fraud case have posted a bond of $175 million, according to a court filing Monday by an insurance company.The posting brings to an end a six-week ordeal in which Trump scrambled to fend off possible seizure of property or assets stemming from a $464 million judgment by a judge who found he gained hundreds of millions through a yearslong fraud scheme targeting banks and insurers.
James had indicated her office would pursue Trump's assets if he failed to post bond.'If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets,' she said during a February interview with ABC News.Attorneys for Trump wrote in a March 18 filing in the case that it was a 'practical impossibility' for the defendants to secure the original, near half-billion dollar bond.
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