Former President Donald Trump has proposed posting a $100 million bond as he appeals a $454 million fraud judgment in New York, which he deems "exorbitant and punitive." The judgment, issued on February 16 by Judge Arthur Engoron, requires Trump and his namesake company to pay the government for ill-gotten gains related to overstating the value of his real estate.
In addition to the financial penalty, the verdict imposes a three-year ban on Trump doing business in New York, including borrowing from banks based in the state. Trump, currently challenging the judgment, is seeking to delay the full payment, citing difficulties in posting the entire amount, Reuters reported.
