Donald Trump has posted a $175 million bond in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals.

Donald Trump posted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing.

A New York appellate court had given the former president 10 days to put up the money after a panel of judges agreed last month to slash the amount needed to stop the clock on enforcement.

The bond Trump is posting with the court now is essentially a placeholder, meant to guarantee payment if the judgment is upheld. If that happens, the presumptive Republican presidential nominee will have to pay the state the whole sum, which grows with daily interest.

If Trump wins, he won’t have to pay the state anything and will get back the money he has put up now.

  • snooggums@midwest.socialEnglish
    21·
    8 months ago

    Do you think that process ever nets fair market value? Most times you don’t get 50 cents on the dollar.

    If you think property worth is more than what people will pay for them, then you are doing what Trump was found guilty of doing.

    • bostonbananarama@lemmy.world
      2·
      8 months ago

      At some point you’re going to stop proving how ignorant you are, right?

      Listing a property with a broker on the open market is going to get you fair market value. Levying and selling that same property is an entirely different process and is going to net you far less money, usually closer to fifty cents on the dollar. No fraud involved.