Trump wins request to reduce N.Y. fraud bond, allowed to post $175M

However, while the panel eased the financial cloud over Trump, it did not erase it entirely. The panel gave Trump 10 days to come up with the reduced bond of $175 million. Trump’s attorneys had previously sought to post a $100 million bond, rather than the full amount, and have not said whether he can meet the $175 million threshold.

James, who brought the lawsuit against Trump and his company, said Trump misstated the value of his properties and other assets by up to $2.2 billion a year from 2011 to 2021. New York Supreme Court Justice Arthur Engoron, who heard the case, in February ordered that Trump pay more than $450 million as a penalty. Trump’s attorneys have suggested that he would struggle to finance a bond of that size, saying they had tried and failed to get more than two dozen companies to help secure the bond.

An attorney for Trump did not immediately respond to a request for comment Monday. Trump himself was in a New York courtroom Monday for a hearing in an unrelated criminal case, related to hush money payments made to an adult-film actress.

While that hearing was underway, Trump posted to social media that his side would “abide by the decision … and post either a bond, equivalent securities, or cash.” He also criticized Engoron and James, both of whom he has ridiculed throughout the trial and after.

A spokesperson for the attorney general said: “Donald Trump is still facing accountability for his staggering fraud. The court has already found that he engaged in years of fraud to falsely inflate his net worth and unjustly enrich himself, his family, and his organization. The $464 million judgment — plus interest — against Donald Trump and the other defendants still stands.”

This is a developing story. It will be updated.