OAN’s Brooke Mallory
6:06pm – Monday, April 1, 2024
Former President Donald Trump posted $175 million bail on Monday to pay a judgment in a civil fraud case in New York. His initial guarantee was set at a whopping $454 million.
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The payments give the 2024 Republican presidential candidate the best chance of avoiding the worst-case scenario of having assets seized and bank accounts frozen.
Many Trump critics are now furious, assuming the initial amount will sink the former Republican president, who is leading in presidential polls.
Last Monday, the New York Court of Appeals reduced his bail by about $500 million and gave him an additional 10 days before the deadline.
At that point, the former president indicated he may be able to disclose the latest bond total.
Additionally, after the verdict in the New York civil fraud trial, Trump’s lawyers said earlier this month that posting his previous $454 million bail became “impossible.”
In order to pay the previous bail amount by the original deadline, New York Attorney General Letitia James was eagerly preparing to take steps to freeze President Trump’s bank accounts or seize real estate from his portfolio.
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