In a significant turn of events, a New York appeals court has granted a request to lower the bond required for Donald Trump, the presumptive nominee, in a civil fraud case. The court’s decision allows Trump to post a $175 million bond, a substantial decrease from the previously ordered $454 million fine by Judge Arthur Engoron.
Trump’s legal team had expressed concerns about securing a surety company to underwrite the initial bond amount, which they deemed nearly impossible. The ruling comes as a relief to Trump’s attorneys, who are actively seeking to appeal Judge Engoron’s decision.
The original deadline for the $454 million fine was imminent, but the recent ruling has extended the deadline, giving Trump an additional ten days to secure the $175 million bond. This development is seen as a setback for New York Attorney General Letitia James, who had been gearing up to initiate the freezing of Trump’s bank accounts and the seizure of certain real estate assets.
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