Donald Trump was granted a partial suspended sentence Monday, significantly reducing the $454 million bail an appeals court had imposed on him in a New York civil fraud case.
The court reduced the huge amount by about 62% to $175 million and gave him 10 days to come up with the funds.
The embattled Republican presidential candidate will have to hand over the money or post bond as he seeks to appeal a huge judgment ordered against him last month.
“There should be no fines,” Trump, 77, posted on Truth Social early Monday, repeating, “I did nothing wrong!”
“Why should I sell my ‘baby’ because corrupt judges and prosecutors in New York set up false and ridiculous numbers?”
Trump’s lawyers said he was unable to secure bail and did not want to sell the property at a “fire sale” price to raise money.
New York Attorney General Letitia James, who prosecuted the case, said she would not hesitate to seize Trump’s prized Big Apple property if he did not comply.
Trump was separately asked to appear in a Manhattan court on Monday in a criminal “hush money” case.
He has pleaded not guilty to both the criminal case and the AG case, where he is accused of inflating his net worth by billions of dollars a year in annual financial statements to obtain favorable loan and insurance terms. ing.
But Manhattan Supreme Court Judge Arthur Engoron, who oversaw the non-jury trial for three months last year, found Trump committed fraud and ordered him to pay a hefty fine on February 16.
The real estate mogul had asked the Court of Appeal to suspend an order forcing him to post bail while he fights the case in the High Court. However, the Appellate Division of the First Department has not yet ruled on this claim.
President Trump has several options for how to respond to Monday’s deadline, including simply posting bail or filing for Chapter 11 bankruptcy to try to protect his assets. , whether to wait for the appellate court to decide whether to maintain bail, or whether to let a deadline lapse. , allowing the AG to begin pursuing his property.
The 45th president owns or owns New York City buildings, including Trump Tower, 40 Wall Street, Trump International Hotel & Tower, Trump Park Avenue, and 1290 Avenue of the Americas. ing.
The former commander in chief has posted a series of other posts on Truth Social over the past 24 hours, alleging that the four criminal and civil fraud cases against him are all part of President Biden’s attempt to interfere in the 2024 election. did. “Legal action” against him.
In addition to the criminal and civil lawsuits in New York, Trump also faces criminal charges in Georgia for election fraud. A case accusing him of illegally storing government documents at Mar-a-Lago. And a lawsuit was filed in Washington, D.C., for his alleged involvement in the Jan. 6 Capitol riot.
