Trump posts $175m bond in New York fraud case - BBC News

An appeals court gave him a reprieve after he could not secure a bond for the full $464m penalty

2 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, Donald Trump attends his New York business fraud trial.By Kayla EpsteinBBC News, New YorkFormer US President Donald Trump has posted a $175m (£140m) bond in his New York civil fraud case, staving off asset seizures by the state.

He was found in February to have fraudulently inflated property values, and was ordered to pay a $464m penalty.

Posting bond means New York's attorney general cannot enforce the penalty, by freezing bank accounts or taking property, until his appeals are heard.

The Republican denies wrongdoing and says the case is a political hit job.

Mr Trump was originally ordered to post bond amounting to the full penalty but it was reduced to $175m last week after his lawyers said it was "impossible" to secure a bond of that size.

https://www.bbc.co.uk/news/world-us-canada-68709895

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