Trump Posts Massive $175M Bond in Civil Fraud Case

Donald Trump has secured a $175 million bond in his New York civil fraud case, allowing him to initiate the appeals process against the substantial judgment.

The bond, supported by Knight Specialty Insurance Company, was confirmed in a court filing by an attorney representing the Los Angeles-based firm on Monday.

"As promised, President Trump has posted bond," stated Alina Habba, the former president's lawyer, on Monday evening. "He looks forward to vindicating his rights on appeal and overturning this unjust verdict."

Trump, aged 77, successfully persuaded an appeals court to reduce the bond from the original nearly half-billion dollar judgment to $175 million. He had ten days from the court's decision on March 25 to post this reduced bond.

The ex-president intends to challenge the $454 million penalty imposed by Manhattan Supreme Court Justice Arthur Engoron last month. Engoron's ruling also included bans on Trump, his two eldest sons, Eric and Donald Trump Jr., and other top Trump Organization executives from leading any company in New York for varying periods.

With the bond now in place, these restrictions from Engoron's decision are temporarily suspended pending Trump's appeal process. He must submit all necessary appeal documents by the September term of the Appellate Division, First Department.

Initially required to pay the full judgment amount by the previous Monday, Trump benefited from a last-minute decision by the First Department in his favor on the same day.

Trump's legal challenges extend beyond this civil case, as he faces four criminal cases in different states on various charges, including alleged election interference in the 2020 presidential election. He has consistently denied all allegations, attributing them to what he claims is a Democratic-led conspiracy to prevent him from winning the 2024 election.