“AS PROMISED”: President Trump Posts $175 Million Bond In NY Case

President Trump has just secured and posted bond in his NY civil fraud case.

After the bond was reduced to $175 million from the original $464 million judgment, President Trump said he would pay it swiftly – “IN CASH!”

And, that is just what he has done.

His lawyer Alina Habba announced on X:

As promised, President Trump has posted bond. He looks forward to vindicating his rights on appeal and overturning this unjust verdict.

— Alina Habba (@AlinaHabba) April 2, 2024

President Trump’s posting of bond is the first step to appealing Judge Engoron’s ridiculous ruling and also prevents Letitia James from moving to seize his assets as repayment.

BREAKING: Donald J. Trump posts his $175 million New York bond, allowing him to appeal Judge Arthur Engoron's ruling and preventing Letitia James from seizing his assets. pic.twitter.com/N0yhPPtOWJ

— Simon Ateba (@simonateba) April 2, 2024

🤣🤣🤣
President Trump posts $175 million bond pic.twitter.com/eEx6pMuVnj

— Illinois girl Desi (@d_ewinger) April 2, 2024

I bet Letitia James isn’t too happy with the news.

President Trump posted the reduced $175 million bond today for his New York civil fraud case.

I bet Letitia James was fuming over not getting to seize his assets. pic.twitter.com/pBq4H8im6d

— ❥❥❥ᗰoᒪᒪie❥❥❥ (@mollie_don) April 2, 2024

🚨BREAKING: Trump posts $175M bond in civil fraud case to start appeal.

This a YUGE BLOW to AG Letitia James, hindering her plans to seize Trump's assets, which she was eagerly anticipating.

Judge Engoron and AG Letitia James were attempting to compel Trump to promptly post… pic.twitter.com/fr8o4Q3Ncy

— I Meme Therefore I Am 🇺🇸 (@ImMeme0) April 2, 2024

ABC News reported:

Former President Donald Trump and his co-defendants have secured a $175 million bond in their New York civil fraud case, according to a court filing.

Trump secured the bond through Knight Specialty Insurance Company.

“As promised, President Trump has posted bond,” his attorney Alina Habba said in a statement Monday evening. “He looks forward to vindicating his rights on appeal and overturning this unjust verdict.”

Last week, a panel of judges from New York’s Appellate Division granted the former president, his adult sons, and two former Trump Organization executives a 10-day stay of the $464 million judgment in their civil fraud case and permitted them to post a reduced bond of $175 million.

Trump’s lawyers had argued that the former president lacked the cash to secure a bond for the full judgment after being rejected by more than 30 bond companies.

Without intervention from an appeals court, defense lawyers argued that Trump would suffer irreparable harm by having to sell off his namesake properties before he exhausted his appeal of the fraud ruling.

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CBS News has more details on what this all means:

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. Trump was required to post bond to avoid enforcement of the judgment pending his appeal.

Alina Habba, an attorney for Trump, said Trump’s payment was made “as promised.”

“He looks forward to vindicating his rights on appeal and overturning this unjust verdict,” Habba said.

The bond was lowered by an appellate court from the $464 million figure to $175 million on March 25, hours after Trump missed a grace period deadline extended by New York Attorney General Letitia James, whose office brought the case.

James had indicated her office would pursue Trump’s assets if he failed to post bond.