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Salon
Salon
Politics
Igor Derysh

"Familiar" billionaire backed Trump bond

Former President Donald Trump on Monday posted a $175 million bond in his New York civil fraud case to appeal the judgment and stave off asset seizure, according to NBC News.

Trump sought to appeal the ruling, which found Trump liable for $454 million, but complained to an appellate court that he could not secure a big enough bond to appeal the judgment. The court last week reduced Trump’s bond to $175 million, though he is still on the hook for the full amount – plus interest ‑ if he loses his appeal.

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