Connect with us

Hi, what are you looking for?


Trump’s ‘Excessively High’ Bond Reduced to $175 Million

Robert Alexander/Getty Images

A New York appeals court ruled former President Trump must post a bond of $175 million to appeal a $454 million civil fraud judgment.

NY Attorney General Letitia James set a Monday deadline for Trump to post a $454 million bond or she would begin seizing his assets, including Trump Tower.

However, on Monday, five appellate court judges ruled the bond was excessively high.

The appeals judges handed down a $175 million bond — and gave Trump an additional 10 days to pay it.

In February, a NY court found Trump misled his lenders by overinflating the value of his assets. The trial judge said Trump’s Mar-A-Lago estate in Florida – which is worth hundreds of millions – was worth only $18 million.

The $454 million penalty was the sum total of the interest Trump received by misleading his lenders, according to the NY judge.

AFP via Getty Images

In addition to the financial penalty, Trump is banned from conducting business in New York for three years, and he can’t obtain a loan from a New York bank.

The same also applies to Trump’s adult sons.

Trump plans to appeal the verdicts.

Advertisement. Scroll to continue reading.

Trump’s son, Eric, said banks laughed in his face when he attempted to secure a $454 million bond for his father last week.

“This is ‘lawfare,’” Eric Trump said in an interview with Fox News host Maria Bartiromo on Sunday.

“They want to hurt my father, who’s winning the presidential race right now. He’s beating Biden in every single poll in every single swing state. He came out and said he wants to put hundreds of millions of dollars of his own money into his campaign.”

“And, how do they deprive him of that?” Eric continued. “They have come up with an astronomical number, give you zero time to post a bond, a bond that’s not even commercially available in the United States. It’s not — no one’s ever seen a bond this size.”




You May Also Like


MEGA/WENN Serena Williams is apparently still in the grip of postpartum depression months after giving birth to her 2nd child. “I miss me,” she...


Screengrab A woman with a full beard says she’s turned off by feminine men sliding into her DMs on social media. Harnaam Kaur is...


screengrab/ABC News Former Bad Boy Records rapper G. Dep walked out of prison a free man on Thursday. According to All Hip Hop, the...


Illustration, Getty Images Elon Musk sparked outrage from celebrities who woke up to find their blue badges turned back on. Some celebrities fled Twitter...


Illustration, In a recent VladTV podcast, Reggie Wright Jr. and James “Mob James” McDonald discussed the recent raids on two homes linked to...


California DOJ Nicki Minaj’s husband Kenneth Petty posed for a new photo on the California S*x Offender’s Registry as his house arrest comes to...


Instagram, Getty Images It seems former Special Prosecutor Nathan Wade might have a cash flow problem. Wade’s estranged wife Joycelyn Wade is accusing him...


Instagram Sexyy Red debuted her new look in photos on Instagram after social media trolls called her “ugly” and “hideous.” In the photos, the...


Screengrab A manager for Randy Moss’s Crisppi’s chicken restaurant says sales are poor because the restaurant is Black-owned. The NFL Hall of Famer opened...


Copyright © 2022 I AM SISSY BROWN