A New York Appeals Court ruled Monday that former President Donald Trump’s $454 million bond payment was lowered to $175 million. The decision by the New York Appeals Court comes on the same day Trump’s original $454 million bond payment was due.
According to Fox News, the New York Appeals Court is giving Trump 10 days to pay the $175 million bond in the civil fraud case brought against the former president by Attorney General Letitia James (D-N.Y.) The outlet noted that James would be blocked from seizing the former president’s assets if he posts the $175 million bond by the court’s new deadline, allowing Trump to continue appealing New York Judge Arthur Engoron’s judgment that the former president, his sons, and the Trump Organization committed business fraud by falsely inflating assets.
Following the New York Appeals Court’s decision on Monday, Trump released a statement on Truth Social, explaining that he would “abide” by the Appellate Division’s decision and that he would “post either a bond, equivalent securities, or cash.”
“Judge Engoron has refused to obey the decision of the Appellate Division relative to the Statute of Limitations. This is a confrontation between a Judge and those that rule above him – A very bad situation in which to place New York State and the Rule of Law,” Trump wrote. “Engoron has disrespected the Appellate Division and its very clear and precise ruling. He should be made to do so, and at the same time, release the GAG ORDER.”
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Trump wrote that Monday’s decision by the New York Appeals Court was the “5th time” that Engoron has been “overturned.” The former president argued that the credibility of both Engoron and James “has been shattered.”
In a second post on Truth Social, Trump argued that Engoron and James should be required to explain why the New York judge determined that Mar-a-Lago’s value was only $18,000,000. The former president argued that his Florida property is “worth from 50 to 100 times that amount.”
Trump added, “How did the Attorney General of the State of New York force this Corrupt Judge to do that in order to help her narrative – AND WHY?”
Despite Monday’s ruling, a spokesperson for the New York Attorney General claimed that Trump is “still facing accountability for his staggering fraud,” according to Fox News. James’ spokesperson emphasized that the “$464 million judgment – plus interest– against Donald Trump and the other defendants still stands.”
Fox News reported that Trump has suggested that he will fight the civil fraud case “all the way up to the U.S. Supreme Court if necessary.”
