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Baner Club > Blog > Politics > politics: Trump is able to extend the date and reduce the $454 million bond.
Politics

politics: Trump is able to extend the date and reduce the $454 million bond.

Former President Donald Trump's $454 million (£359 million) civil fraud judgment will not be collected, according to a New York appeals court, provided he pays up $175 million (£138 million) within ten days.

Last updated: 2024/03/26 at 9:42 AM
Published March 26, 2024
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The former US president was granted a first verdict for falsely inflating his net worth, and he had until Monday to deposit the bond for that ruling.

After obtaining a deadline extension, he has ten days to post the new bond.

On his Truth Social platform, Mr. Trump announced that he will follow the ruling and post money, bonds, or comparable instruments.

Originally, Mr. Trump, who plans to run for president again later this year, had until Monday to pay the entire amount due out of pocket or provide collateral while he filed an appeal of Justice Arthur Engoron’s February ruling.

It was discovered that Mr. Trump had lied to banks and insurance companies for years, falsifying his wealth on financial documents he used to close transactions and obtain loans.

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BanerClub March 26, 2024 March 26, 2024
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