Donald Trump has posted a $175 million bond to avert asset seizure as he appeals NY fraud penalty
apnews.com
Donald Trump has posted a $175 million bond in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals.

cross-posted from: https://lemmy.world/post/13809838

The bond Trump is posting with the court now is essentially a placeholder, meant to guarantee payment if the judgment is upheld. If that happens, the presumptive Republican presidential nominee will have to pay the state the whole sum, which grows with daily interest.

If Trump wins, he won’t have to pay the state anything and will get back the money he has put up now.

  • PorradaVFR@lemmy.worldEnglish
    6·
    8 months ago

    More like a new puppet master yanking his strings.

    Imagine any other politician so blatantly subject to influence. He owes everyone and nobody actually likes him. He’ll stiff those he can….but what will he do for those he cannot?

    Hypothetically: maybe grab a few boxes of classified documents?

    ….nah, that could never happen. DOJ and FBI would be all over that.