A judge accepted Trump's $175 million bond in his civil fraud case after the former president and Attorney General Letitia James reached an agreement.
‘s $175 million bond in his civil fraud case after the former president and Attorney General Letitia James reached an agreement to modify the conditions of the bond during a hearing in
Engoron’s decision comes after James argued in a motion that Trump did not have “sufficiently secure and ascertainable collateral backing the bond” and that Engoron should therefore reject it. An appellate court recently agreed with Trump that while the former president’s appeal of the judgment remains pending, he should not have to post a bond for the full amount of the judgment but rather for $175 million. Trump had argued that he could not pay the full amount because no company would authorize a bond payment of that magnitude.
“Your hypothetical is calling into question the veracity of one of the largest financial institutions in the world,” Trump’s attorney Chris Kise argued to Engoron when the judge raised questions about the bond on Monday, according toAn attorney working on behalf of James then proposed an agreement that would prevent Trump from being able to manipulate funds in the Schwab account.
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