President Trump Granted Partial Reprieve in Appeals Court

The Trump team can consider the session in appeals court for his civil fraud case on Monday, March 25th a partial win.

BREAKING: New York Appeals Court Grants Trump 10-Day Extension to Secure $175 million bond while awaiting a ruling on his appeal, instead of of the initial $464 Million.

NOTE: The ruling is seen as a victory for Trump, as it prevents the New York Attorney General from seizing… pic.twitter.com/gfWAckQkY5

— Simon Ateba (@simonateba) March 25, 2024

The court reduced the bond amount to $175 million, which is a reduction of an astounding 62%. Even better news for President Trump, the court extended the deadline another ten days to provide the funds.

View President Trump’s statement following the decision on Truth Social here:

🚨BREAKING: Trump issues statement on Truth Social after bond in NYC fraud trial decreased from $545 MILLION to $175 million HOURS before it was due:

“We will abide by the decision of the Appellate Division, and post either a bond, equivalent securities, or cash. This also shows… pic.twitter.com/alH7hhZP8Y

— Benny Johnson (@bennyjohnson) March 25, 2024

The Deadline expands on the issues President Trump is facing obtaining funds:

Trump’s attorneys said last week that he was unable to secure a bond of $464 million as he appealed the ruling, leading to the prospect that New York Attorney General Letitia James could start the process of seizing his assets.

ADVERTISEMENT

Trump’s attorneys said that they had approached about 30 surety companies through four separate brokers. They wrote that obtaining the appeal bond in the full amount was “not possible under the circumstances presented.”

Last month, Judge Arthur Engoron ruled that Trump and his companies owed $464 million after earlier concluding that he had engaged in fraud by overstating the value of assets to secure more favorable terms from lenders. His ruling also restricted his ability to do business in the state.

The Politico expands on the ruling (may be found in its entirety here):

The appellate panel gave Trump 10 days to post the reduced bond. Speaking to reporters shortly after the ruling was issued, the former president said he plans to do just that.

In addition to lowering the amount of the bond, Monday’s ruling from the appeals court panel halted several other aspects of the civil fraud verdict, including one that barred Trump from serving as an officer or director of a New York business for three years and another that barred Trump’s adult sons, who run the Trump Organization, from serving as officers or directors of a New York business for two years.

However, the decision leaves in place a court-ordered monitor who could raise the alarm if Trump’s businesses try to dispose of any significant assets while the appeal is pending.

The ruling — issued by a panel of the Appellate Division of the New York Supreme Court — means the civil fraud case could remain effectively frozen through the November election. The panel told Trump’s lawyers to prepare his case to be presented at the court’s September term, and any decision on the merits of the appeal could take weeks or months.

Many people are posting their support for President Trump through X:

🚨 NY Appeals Court reduces Trump’s bond amount to $175 Million while he appeals the case. Should be $0. There are no victims.

What a disgrace, NY is a cess pool of corruption and election interference. Angry Giant (AG) James is a plague. pic.twitter.com/yg7uuIIr2t

— 🔥🇺🇸 KC 🇺🇸🔥 (@KCPayTreeIt) March 25, 2024

Good news. If you can call a $175 million bond good in any way. Too excessive still.

It will be quite satisfying when he gets exonerated and can recoup all he’s had to pay. I believe he will be. Karma is a powerful force and when you are doing sketchy things, it’ll bite you. pic.twitter.com/gh0dUgfHTQ

— Rich Terreault (@TerreaultRich) March 25, 2024

Trump won big at the Appeals Court today in NYC.
Judge Merchan gave Trump 10-days to post $175 Million.

Looks like the left is seething over this…😁😁😁 pic.twitter.com/MYLfNH77yp

— Morgana Le Faye *Patriot *America 1st* 🇺🇸 (@Keltic_Witch) March 25, 2024

While today was a major victory in his civil case, $175 million is a lot of money to pay for something you didn’t even do.