Former US President Donald Trump has posted a $175 million bond in his New York civil fraud case, thereby staving off asset seizures by the state.
Originally ordered to pay the full $464 million judgment against him, an appeals court granted him the opportunity to pay the smaller sum within 10 days after being found in February to have fraudulently inflated property values.
Trump, a Republican, denies any wrongdoing and has labelled the case a political witch hunt by the Democratic prosecutor. His lawyers argued that securing a bond for the full amount would be a “practical impossibility.”
The bond payment, made on Monday, will temporarily spare Trump the potential humiliation of seeing his real estate assets, including Trump Tower in Manhattan and his Mar-a-Lago estate in Florida, seized.
His lawyer, Alina Habba, stated, “As promised, President Trump has posted bond. He looks forward to vindicating his rights on appeal and overturning this unjust verdict.”
The civil fraud case against Trump was filed by New York Attorney General Letitia James, a Democrat, in 2022. Justice Arthur Engoron, also a Democrat, broadly sided with James’ argument, ordering Trump to pay a steep price for fraudulently misrepresenting his assets to obtain more favourable loans and interest rates over several years.
The ruling not only required Trump to pay a significant sum but also barred him from running a New York business for three years and from obtaining loans from New York financial institutions during the same period.
Despite Trump’s claims of substantial cash reserves and his net worth, Forbes Magazine currently estimates his net worth at $5.7 billion, which surged after the parent company of his social media platform, Truth Social, went public recently.
While Trump awaits the appeal decision, his first criminal trial over alleged attempts to fraudulently conceal hush-money payments to an adult film star ahead of the 2016 election is scheduled to begin on April 15 in Manhattan.
Additionally, he faces charges related to his efforts to overturn the 2020 election results and mishandling classified documents post-presidency, to which he has pleaded not guilty.
Ozioma Samuel-Ugwuezi
Follow us on:
President Bola Tinubu on Friday declared that his purpose for seeking the nation's number one…
Kano state government is partnering Tony Blair Institute for Global Change to attract $23.5 million…
Nigeria's federal government has said it is currently reviewing the nation’s legal frameworks, among other…
The Nnamdi Azikiwe International Airport, Abuja, and the Port Harcourt International Airport have been recognised…
https://cdn.veri.app/13646108-d5ec-478b-a54c-b01f60dbca29.mp4 President Bola Ahmed Tinubu On Thursday directed Vice President, Kashim Shettima to lead Nigeria’s…
The United Sates (US) Vice President Kamala Harris has expressed her willingness to use her…
View Comments
((08132115039) (+234_915__6089_111) E-AUCTION E-AUCTION E-AUCTION E-AUCTION E-AUCTION Some Auction Vehicles/Cars For Sale
Mama Africa #17,000 •Tomatoes Rice # *15,000* •Cap Rice #15,000 •My Food #17,000 •Mama Gold #17,500 •Ade Brazil #15,000 •Elephant Gold #15,000 •Royal Umbrella #15,000 Etc.
Golf3= 400,000
Camry Tinny-Light=550,000
Tundra 1,300,000
Toyota Exterra=850,000
Toyota Camry big daddy=650,000
Toyota Venza= 1.7million
Toyota Avalon=850,000
Toyota Rav4=950,000
Toyota Prado=1.3million
TOYOTA HILUX=2million
Toyota Sienna=850,000
TOYOTA 4-RUNNER=950,000
Toyota Corolla=650,000
Toyota Matrix= 700,000
Toyota Highlander=950,000
Toyota Picnic=500,000
Tacoma 1.850,000
Toyota Hiace Bus=950,000
Toyota Tundra=1.5million
Toyota Sequola=900,000
BMW 5-series=1.960,000
BMW 3-series=1.640,000
BMW X6=2.670,000
Ford Edge=700,000
Ford Escape=600,000
Honda Elantra=600,000
Honda Baby-Boy=700,000
Dyna Truck 900k
TIPPER Head 6mill
Honda Accord=550,000
Honda CRV=650,000
HONDA CIVIC=500,000
HONDA EVIL-SPIRIT=750,000
HONDA ODYSSEY=500,000
Honda Pilot=850,000
Nissan pathfinder=800,000
Nissan Amanda=750,000
Infinity=950,000
Benz C250=N1.300,000
Benz C300=1.6MILLION
Benz ML350=2 million
Benz ML300=1.5 million
Benz ML550=2.6million
Mercedes-Benz C-Class ₦1.3Million
Mercedes-Benz E-Class ₦1.8Million
Mercedes-Benz GLK ₦3.Million
Es330 1.6
Lexus C5 350=950,000
IS250 1m
Lexus Rx300=1.2 million
Lexus Rx330=1.5 million
Is350 2
Lexus Rx350= 2 million
ES350 2mill
Land Rover Discovery ₦3.2Million
Land Rover Freelander ₦3.6Million
Land Range Rover Sport ₦4Million
Acura MDX ₦1.8Million
Pequot 206=350,000
Pequot 406=470,000
Pequot 607=650,000
.....
((08132115039) (+234_915__6089_111)