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Trump posts $175 million bond in New York fraud case

Trump posts $175 million bond in New York fraud case

CBSN
Tuesday, April 02, 2024 12:57:47 AM UTC

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."

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