Trump Posts $175 Million Bond in Civil Fraud Case
Former United States President Donald Trump secured a $175 million bond in his New York civil fraud case, avoiding the seizure of assets by state authorities that could have jeopardized his business empire.
Background
- Trump faced allegations of fraudulently inflating his net worth to obtain better insurance and loan terms.
- The bond, backed by Knight Specialty Insurance Company, was posted on April 1.
Court Decision
Trump successfully lobbied an appeals court to reduce the bond amount from $454 million to $175 million. The court granted him 10 days to post the reduced bond.
Legal Troubles
The case is part of Trump’s legal challenges, including a criminal trial set for April 15 in New York.
Judge Expands Gag Order in Hush Money Case
Latest Developments
The judge overseeing the hush money trial of Donald Trump expanded the gag order to include family members of the Manhattan district attorney and court officials.
Ruling Details
The judge’s decision came after Trump made comments against the judge’s daughter, raising concerns about the fair administration of justice.
Accusations Against Trump
Trump is facing accusations of illegal hush money payments and efforts to overturn his 2020 election loss to Joe Biden.
