Former President Donald Trump gave a definitive answer Monday when asked by a reporter what his collateral would be for the $175 million bond in the New York civil fraud case. The former president revealed that he has the collateral for the $175 million bond payment in “cash.”
On Monday, a New York Appeals Court ruled that the former president’s original $454 million bond payment, which was set by New York Judge Arthur Engoron, was reduced to $175 million.
“It will be my honor to post, and we’ll post whatever’s necessary, whether it be cash or securities, or bonds,” Trump told reporters on Monday. “We appreciate very much the decision of the Appellate Division.”
After the former president concluded his remarks to the press, a reporter asked Trump what his collateral would be for the $175 million bond. Turning around to answer the reporter, Trump responded, “Cash,” and immediately walked away from the press.
The New York Post reported that Trump said he has “a lot of cash” during a press conference at the former president’s 40 Wall St. building following the Appeals Court’s decision on Monday.
“I have a lot of cash,” Trump said. “You know I do because you have looked at my statements.” the former president added, “I have much more than that in cash but I would also like to use some of my cash to get elected. But they don’t want me to use my cash to get elected. They don’t want me taking cash out to use it for the campaign.”
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The New York Post reported that Trump confirmed during the press conference that he would pay the reduced bond requirement within the 10-day window outlined by the New York Appeals Court. The former president said he would put up a bond “very quickly,” adding that he believes he will ultimately “win the case” when it is appealed.
According to Fox News, Trump has previously indicated that he will fight the New York civil fraud case “all the way up to the U.S. Supreme Court if necessary.”
In a post on Truth Social following the New York Appeals Court’s ruling that the former president would have 10 days to post a $175 million bond instead of the $454 million bond imposed by Engoron, the former president noted that the Appellate Division’s decision marked the “5th time” Engoron had been “overturned” throughout the case. Trump suggested that the credibility of Engoron and New York Attorney General Letitia James had been “shattered.”
