Donald Trump has posted a $175 million bond to avert asset seizure as he appeals NY fraud penalty
Donald Trump posted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing.
A New York appellate court had given the former president 10 days to put up the money after a panel of judges agreed last month to slash the amount needed to stop the clock on enforcement.
The bond Trump is posting with the court now is essentially a placeholder, meant to guarantee payment if the judgment is upheld. If that happens, the presumptive Republican presidential nominee will have to pay the state the whole sum, which grows with daily interest.
If Trump wins, he won’t have to pay the state anything and will get back the money he has put up now.
Long history of innocent poor people dying in jail because they couldn't afford hundred(s), or thousand(s), dollar bail. Yet this proven rapist, fraudster, piece of crap gets his bond dropped by over 1/2 just because? His credit rating has to be shit. Fucking hell. What is the point of keeping this broken system?
Broken? Seems to me it's working just as intended.
The system works just fine for the right people.
The system is not broken it was built this way.
The system is working as intended again by the people who paid for it. Who knows, he might even end up as President of the United States of America once again. What a horrifying thought.
Welcome to the USA!