A New York appeals court has blocked the collection of Donald Trump's fraud judgment, ruling that he has 10 days to post a $175 million bond.

Donald Trump was supposed to have to post a $464 million bond by Monday or else the state of New York could begin collecting on the massive civil fraud judgment leveled against him earlier this year. An appeals court bailed him out, blocking collection of the judgment and giving the former president 10 days to post a drastically reduced $175 million bond.

The order is a huge win for Trump, whose assets were going to be subject to seizure if he couldn’t post nearly half-a-billion dollars by Monday. His lawyers said last week he wasn’t going to be able to come up with the money after 30 underwriters rejected him. The New York Times has reported that Trump is expected to be able to scrounge the new, reduced $175 million bond

  • PerogiBoi
    9·
    8 months ago

    I have zero doubt that he will be able to fundraise this amount in the 10 day extension he was given. There are several people I went to high school with (in Ontario) that are actively donating to him.

    • kent_ehEnglish
      1·
      8 months ago

      have zero doubt that he will be able to fundraise this amount in the 10 day extension he was given.

      He has been pumping that well for a long time. It’s going to go dry at some point.