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Former President Donald Trump’s legal battles have once again grabbed headlines, this time with his payment of a $175 million bond in his New York civil fraud case. This move comes after a series of legal maneuvers and public statements that have drawn widespread criticism and mockery online.
The saga began when Judge Arthur Engoron ruled in February that Trump was liable for a scheme spanning a decade, where the value of Trump Organization assets was allegedly inflated to secure favorable loans. This ruling mandated Trump to pay a hefty sum of $354 million in fines plus an additional $110 million in interest. With interest accruing at a staggering rate of $120,000 per day, the total amount owed ballooned to nearly $468.1 million by the deadline.
As per The Hill, facing this enormous financial burden, Trump’s legal team struggled to find a surety company willing to cover such a substantial bond. After approaching over 30 companies without success, Trump received an unexpected reprieve when a panel of State Appellate Division judges granted him a 10-day extension and reduced the bond amount to $175 million.
