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BREAKING: Trump Averts Asset Seizure by Posting $175 Million Bond in NY Civil Case

Published

April 1, 2024

In a decisive move to protect his assets, former President Donald Trump has posted a $175 million bond in his ongoing New York civil fraud case. The bond prevents the state from seizing his properties while he appeals the case.

The New York appellate court had recently given Trump a 10-day deadline to post the bond after judges agreed to reduce the amount required to halt enforcement actions. This decision comes as a significant relief for Trump, who faced the potential seizure of some of his marquee properties by New York Attorney General Letitia James, a Democrat who initiated the lawsuit on behalf of the state.

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If Trump emerges victorious in the appeal, he will not only avoid paying the state but will also reclaim the money he has put up for the bond.

This development is a critical juncture in the high-profile legal battle and underscores the ongoing tensions between Trump and New York’s legal authorities. As the case progresses, all eyes will be on the appellate court’s final decision and its implications for Trump’s financial and political future.