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Former President Donald Trump, facing a $465 million civil fraud judgment, has successfully negotiated the acceptance of a $175 million bond, despite objections from New York Attorney General Letitia James. The bond, provided by Knight Specialty Insurance, was challenged by James, who questioned the financial credibility of both Trump and the insurer. However, Judge Arthur Engoron upheld the bond, with Trump's legal team agreeing to conditions that the funds remain as cash and not be traded for securities. This decision allows Trump to appeal the judgment while his criminal trial proceeds. Additionally, Trump has secured a $271 million civil fraud bond.
Donald Trump has negotiated a deal to secure a $271 million civil fraud bond, while he appeals the ruling in the case - even as his criminal trial got underway down the street. https://t.co/ORTIaBw5n2
Trump’s deal over $175 million fraud bond gives him financial breathing room https://t.co/d9RQSSDznX
Lawyers for Donald Trump and Knight Specialty Insurance, the company that issued the $175 million bond in Trump's New York civil fraud case, agreed that the funds would remain as cash and not be traded for securities, resolving concerns by the state AG https://t.co/wQDKDBvpm8 https://t.co/RtqZVuEIkk
Donald Trump's lawyers agreed Monday to bond conditions requiring the former president to give up control of his $175 million cash deposit pending appeal of a $465 million civil fraud judgment. https://t.co/XYS33VCltD https://t.co/TJYpQjRjBk
New York Judge Arthur Engoron upholds Trump $175 million civil fraud bon https://t.co/EZ6bXZf54t https://t.co/QF63BspYYt
Trump’s deal over $175 million fraud bond gives him some financial breathing room https://t.co/o1Iksguvj4
The $175 million bond former President Donald Trump put up in his civil fraud case will not be invalidated. https://t.co/GHiAWpR6jb
New York Attorney General just lost her effort to negate the bond agreement allowing Trump to appeal the judgment. The court added conditions but turned down her effort to reject the company as a viable bonding company.
A lawyer for Donald Trump tried to convince a judge that the insurer that provided the former US president with a $175 million bond in his New York civil fraud case was empowered and strong enough to issue the guarantee https://t.co/wQDKDBvXbG https://t.co/HuNwLBkKd9
“I have plenty of money to put up.” - Donald Trump outside the courtroom right now, railing against NYAG Tish James’ doubts about the bona fides of the $175 million bond he’s offered prosecutors.
Trump: I put up $175 million in cash but she said the bonding company isn't good. She doesn't like the bonding company because she doesn't know if their collateral is good. I put up $175 million in cash and she is questioning the bonding company. https://t.co/hkt1HZe7Up
The state attorney general has argued that Donald Trump and his surety company don't have the assets to pay the bond if his appeal fails. https://t.co/t06BbUKp8g
Trump's attorneys to argue for acceptance of his $175M bond in civil fraud case. https://t.co/OB7TYP2GF6
The company that provided Donald Trump with a $175 million bond in his New York civil fraud case said it had 'substantial financial credibility,' and rejected a suggestion by the state's attorney general that it wasn't qualified to provide help https://t.co/S2vnAUh4wO https://t.co/BXx2soErWg
Judge Who Handed Down $454 Million #Trump Penalty Set to Rule on Validity of Reduced Bond. https://t.co/sP4n8nlRoZ
Judge Who Handed Down $454 Million Trump Penalty Set To Rule On Validity Of Reduced Bond https://t.co/a0vpcMWsHc