Former US President Donald Trump won a new battle on Monday as he sought to suspend his civil penalty for $454 million in fraud if he posted around $175 million in bail within 10 days. dollar, preventing New York state authorities from taking action to seize their assets, Reuters agency reported.
“I very much respect the Appellate Division’s decision and will transfer the $175 million in cash or bonds or securities or whatever is necessary very quickly,” Trump promised after the ruling was issued.
Before the break was granted, Trump had a deadline of Monday to produce $454 million, which he had said he was unable to do.
In doing so, the state appeals court freed him from the need to sell assets at “liquidation prices” to pay the bail, the media explained.
For its part, New York Attorney General Letitia James’ office, which is handling the civil case, said Trump “still must be held liable for his astonishing fraud.”
In September 2022, the New York Attorney General’s Office filed a civil fraud lawsuit against Trump and his company. According to their allegations, the company made false statements about the value of its assets in order to obtain more favorable conditions for loans and insurance.
