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New York: Tuesday, April 16, 2024
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Politics: Trump New York Bond Cut

POLITICS: Trump New York Bond Cut

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Donald Trump had his bond payment slashed on Monday.

An appeals court ruled that Trump can have 10 more days to meet the bond amount – the amount was also lowered to $175 million.

CNN reported:

The order from the New York appeals court Monday means that former President Donald Trump and his sons can still run a business in New York and obtain loans from New York financial institutions for the moment.

The appeals court’s order gives Trump 10 more days to post his bond to satisfy the civil fraud judgement and cut the amount necessary to $175 million.

Judge Arthur Engoron’s court-ordered monitor and the appointment of a compliance director for Trump’s company will remain in place, however.

Donald Trump responded to the news on Truth Social.

Trump said, “We will abide by the decision of the Appellate Division, and post either a bond, equivalent securities, or cash. This also shows how ridiculous and outrageous Engoron’s original decision was at $450 Million.”

Truth Social:

Judge Engoron has refused to obey the decision of the Appellate Division relative to the Statute of Limitations. This is a confrontation between a Judge and those that rule above him – A very bad situation in which to place New York State and the Rule of Law! Engoron has disrespected the Appellate Division and its very clear and precise ruling. He should be made to do so, and at the same time, release the GAG ORDER. This is the 5th time in this case that he has been overturned, a record. His credibility, and that of Letitia James, has been shattered. We will abide by the decision of the Appellate Division, and post either a bond, equivalent securities, or cash. This also shows how ridiculous and outrageous Engoron’s original decision was at $450 Million. I DID NOTHING WRONG, AND NEW YORK SHOULD NEVER BE PUT IN A POSITION LIKE THIS AGAIN. BUSINESSES ARE FLEEING, VIOLENT CRIME IS FLOURISHING, AND IT IS VERY IMPORTANT THAT THIS BE RESOLVED IN ITS TOTALITY AS SOON AS POSSIBLE. THANK YOU!



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