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Al Jazeera
Al Jazeera
Politics

Trump posts $175m bond in fraud case to avoid asset seizures

Former US President Donald Trump has averted the seizure of his assets by state authorities [Mary Altaffer/Pool via Reuters]

Former United States President Donal Trump has posted a $175m bond in his civil fraud case in New York, avoiding asset seizures which could have dealt a serious blow to his finances and reelection hopes.

Trump, who is set to face off against US President Joe Biden for the presidency in November, was in February found liable for misrepresenting his net worth by as much as $2bn to secure better terms for loans and insurance.

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