Apr 1, 2024 - Politics & Policy

Trump posts reduced appeal bond in the N.Y. civil fraud case

Sareen Habeshian

Donald Trump attends wake for slain NYPD Officer 31yr old Jonathan Diller at 4980 Merrick Road in Massapequa, Long Island, on Thursday March 28, 2024. 1357. (Photo by Theodore Parisienne for NY Daily News via Getty Images) — Former President Trump in Long Island March 28. Photo: Theodore Parisienne for NY Daily News via Getty Images

Former President Trump posted a $175 million bond on Monday to satisfy the judgment in his New York civil fraud case, a much smaller sum than the initial $454 million.

The big picture: The payment means the presumptive 2024 GOP presidential nominee, who is facing a cash crunch as he fights his numerous legal cases, has likely avoided a worst-case scenario of frozen bank accounts and asset seizure.

A New York appeals court last week reduced the nearly half-billion-dollar bond and extended the deadline by 10 days.
The former president then signaled at the time that he would be able to post the new bond total.

Catch up quick: Trump's lawyers had said earlier this month that it had proven "impossible" to post the previous $454 million bond following the judgment in the New York civil fraud trial.

Between the lines: New York Attorney General Letitia James was poised to freeze Trump's bank accounts or move to seize assets from his real estate portfolio to cover the previous bond under the initial deadline.

Go deeper: Trump hush money trial will begin April 15

Add Axios on Google

Trump posts reduced appeal bond in the N.Y. civil fraud case

What to read next