Former President Donald Trump has 10 days to pay a $175 million partial bond in his New York civil fraud case.
Topline
Former President Donald Trump admitted Monday he might have to sell some of his assets to pay the full $454.2 million bond payment in his New York civil fraud trial, after a New York appeals court ruled the former president will not have to post the full amount up front, allowing Trump to post just $175 million and delay payment for the rest while he appeals the ruling.Key Facts
Trump said in a press conference on Monday he would use cash as collateral for a $175 million bond, vowing to do so “very quickly,” after an appeals court ruled Monday morning Trump can pay a partial bond in the case within 10 days.
Trump—whose had roughly $413 million in cash and liquid assets earlier this month, according to Forbes—could still have to pay the $454.2 million as part of a larger $464.6 million judgment for him and his co-defendants for fraudulently inflating the value of their assets.
Speaking at his Trump Building tower at 40 Wall Street on Monday, Trump said if he has to “spend $500 million on a bond,” he would no longer have the option of funneling cash into his 2024 presidential campaign, and would “have to start selling things.”
Trump’s $454.2 million judgment has created a major financial hurdle for the former president, who has paid his attorneys nearly $50 million in the last 12 months, and who claimed last week he could not secure a bond in the full amount—though prosecutors slammed that argument as a “false premise,” arguing Trump can use multiple companies for multiple bonds.
