Donald Trump has posted a $175 million bond to avert asset seizure as he appeals NY fraud penalty
apnews.com
Donald Trump has posted a $175 million bond 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.

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.

  • Got_Bent@lemmy.world
    11·
    7 months ago

    No money even changed hands. The insurance company basically wrote a promissory note that they pinky promise swear to pay if the appeal fails and trump doesn’t pay.

    This fucking guy will NEVER suffer a single consequence and we’ll all suffer for it.