Former United States President Donald Trump was at risk of having one of his golf courses seized on Monday, but then he got some incredible news from the courts that bought him some time and made things a little easier.
On Monday, a panel of five judges in the Appellate Division, First Department ruled that Trump can post a bond of $175 million to cover a $464 million fraud judgment against him while he appeals the decision. The decision also gave him 10 more days to come up with the money to cover the $175 million sum.
This is pretty incredible news for Trump as he previously found himself in a pretty difficult situation. Trump was hit with a $464 million judgment last month after he was found to have fraudulently inflated the value of his properties – including his prestigious golf courses – in order to obtain more favorable loan and insurance terms.
If Trump was unable to come up with the money by Monday, New York Attorney General Letitia James could begin seizing his assets, and she took initial steps toward seizing Trump National Golf Course in Briarcliff Manor. But this decision from the Appellate Division gave Trump a lifeline.
This was obviously incredible news for the former president, and it led to a lot of reactions on social media.
CNN: A New York appeals court said Donald Trump has to post $175 million in 10 days to meet the terms of the $464 million civil fraud judgment, giving the former president a lifeline as he faced possible seizure of his prized real estate properties.
— Jim Acosta (@Acosta) March 25, 2024
BREAKING: Donald Trump's $454 million bond has been reduced to $175 million thanks to a New York appeals court ruling.
The ruling is a massive win for Trump, saving him from potential financial disaster.
The new bond will stop Attorney General Letitia James from collecting… pic.twitter.com/YhCaT3dPq6
— Collin Rugg (@CollinRugg) March 25, 2024
Donald Trump responds to the reduced bond of $175 million
@VaughHillyard reports he is “guaranteeing” he will pay within 10 days, but we still don’t “know how much liquid cash Donald Trump actually has at his disposal.” pic.twitter.com/lhcXH7ojHE
— MSNBC (@MSNBC) March 25, 2024
#BREAKING: A New York appeals court has reduced Donald Trump's bond from $454 million to $175 million
This decision gives him 10 days to secure the bond, protecting his bank accounts and properties from Attorney General Letitia James's collection efforts during his appeal pic.twitter.com/USxMBxvI9K
— Unlimited L's (@unlimited_ls) March 25, 2024
Breaking: Donald Trump will only need to pony up $175 million of his $454 million civil-fraud judgment while he appeals the full amount, a New York state appellate court ruled https://t.co/4j6iFdDBej https://t.co/4j6iFdDBej
— The Wall Street Journal (@WSJ) March 25, 2024
BREAKING: The New York State Court of Appeals makes a horrible decision and rules that Donald Trump does NOT have to come up with the full $464 million to appeal his civil fraud trial.
Now, Trump has to come up with just $175 million for the bond.
Retweet if you oppose this… pic.twitter.com/LWWBdXf20B
— Occupy Democrats (@OccupyDemocrats) March 25, 2024
Trump has since made it clear that he intends to cover the $175 million sum within the 10 day period. So it seems that Trump will get to keep his golf courses, for now.
[The Hill]
