Former President Donald Trump and his co-defendants have secured a $175 million bond in their New York civil fraud case on Monday, according to a court filing.
Last Monday, a panel of judges from New York's Appellate Division granted the former president, his adult sons, and two former Trump Organization executives a 10-day stay of the $464 million judgment in their civil fraud case and permitted them toTrump's lawyers had argued that the former president lacked the cash to secure a bond for the full judgment after being rejected by more than 30 bond companies.
In February, following a three-month trial, Judge Arthur Engoron fined Trump and his co-defendants after finding they had engaged in a decade of business fraud by falsely inflating the former president's net worth to get better loans and business deals.Trump has denied all wrongdoing and his lawyers have appealed the ruling in the case, arguing that the disgorgement amount was unconstitutional, disproportionate, and flawed.
"There is no evidence, and no finding by Supreme Court, that the relevant lenders and insurers would not have given Defendants loans and policies on the same terms in the absence of the supposed 'misrepresentations,'" defense lawyers said in a March filing.
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