In a surprising turn of events, former President Trump has announced his intention to comply with the $175 million bond set by a New York appeals court in his ongoing civil fraud case.
“We will abide by the decision of the Appellate Division, and post either a bond, equivalent securities, or cash” Trump wrote on Truth Social.
In a recent ruling, a panel of five state appeals court judges announced their decision to temporarily halt the enforcement of a significant $464 million judgment against Trump, the Trump Organization, and key executives.
However, this pause is conditional upon the posting of a $175 million bond within the next 10 days.
🚨BREAKING: Trump reveals he is paying newly reduced bond in cash pic.twitter.com/Wiu8bFnYSP
— Benny Johnson (@bennyjohnson) March 25, 2024
There has been a recent development in the case as Trump’s legal team acknowledged that, despite their best efforts, it would be financially unfeasible for the former president to obtain a full appeals bond.
In a recent development, the former president expressed his gratitude towards the appeals court for their decision. He did not hold back in criticizing Judge Arthur Engoron, who presided over the fraud case against him.
“Judge Engoron is a disgrace to this country, and this should not be allowed to happen,” Trump said during his courthouse appearance.
[READ MORE: AOC Demands New York Seize Trump’s Assets]
