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You are here News Politics Donald Trump posts $175 million bond to protect assets from NY AG in civil fraud case

Donald Trump posts $175 million bond to protect assets from NY AG in civil fraud case

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Trump posts bondFormer President Donald Trump and several co-defendants in a New York civil fraud case posted $175 million bond Monday after an appeals court ruled they didn't have to come up with $464 million in order to block New York Attorney General Letitia James from seizing their assets.

The pressure had been heating up over the past month for the presumptive Republican presidential nominee to come up with cash or find a bonding company willing to cover the approximately $454 million judgment that Trump and several of his business entities face.

Judge Arthur F. Engoron imposed the judgment, which includes interest, after concluding Trump got better loan and insurance terms by fraudulently inflating the value of his assets over several years. Trump sons Eric and Don Jr. also face judgments totaling more than $9 million and former Trump Organization executive Allen Weisselberg was ordered to pay over $1 million.

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