Former President Donald Trump uploaded $175 million to his New York civil fraud case by the March 25 date. This stopped the execution of the ruling in the case. The payment keeps President Trump's assets from being taken away while his appeal of the case is heard.
"Pres. Trump has posted bond, as promised." In a statement, the president's lawyer, Alina Habba, said, "He looks forward to defending his rights on appeal and overturning this unfair verdict."
In 2022, Letitia James, the attorney general of New York, sued the 45th president, saying that in The Trump Organization's yearly financial accounts, he lied about his wealth and cheated insurance, banks, and the public.
New York Supreme Court Justice Arthur Engoron led the three-month bench trial in which Eric Trump, Donald Trump Jr., former Trump Organization CFO Allen Weisselberg and accountant Jeffrey McConney, and several Trump Organization holding companies were named as co-defendants.
In the end, the judge ordered that the defendants pay back $363 million plus 9 percent interest, for a total of $464 million. President Trump will be responsible for most of the payment. The defendants were also banned from being directors of any business or legal entity in New York for a certain amount of time and must be supervised by the Trump Organization for at least three years. If they do not follow the rules, they may face more punishments.
Posting the judgment amount was not needed for President Trump to be able to appeal the case, but it was needed to stop the judgment from going into effect until the appeal was heard.
"If I have to, I will fight this all the way to the U.S. Supreme Court," President Trump told Fox News a few days before the deadline. "They can not take your property before you have had a chance to appeal the decision of a judge who hates Trump and is not good at his job. His decisions have been overturned more times than any other judge in the state."
A few days before he posted bond, President Trump said on social media that he had almost $500 million in cash but planned to spend most of it on his campaign for president. He said that people who were against him in politics were trying to get him to spend the money on court fights instead of his presidential campaign.
"Pres. Trump has posted bond, as promised." In a statement, the president's lawyer, Alina Habba, said, "He looks forward to defending his rights on appeal and overturning this unfair verdict."
In 2022, Letitia James, the attorney general of New York, sued the 45th president, saying that in The Trump Organization's yearly financial accounts, he lied about his wealth and cheated insurance, banks, and the public.
New York Supreme Court Justice Arthur Engoron led the three-month bench trial in which Eric Trump, Donald Trump Jr., former Trump Organization CFO Allen Weisselberg and accountant Jeffrey McConney, and several Trump Organization holding companies were named as co-defendants.
In the end, the judge ordered that the defendants pay back $363 million plus 9 percent interest, for a total of $464 million. President Trump will be responsible for most of the payment. The defendants were also banned from being directors of any business or legal entity in New York for a certain amount of time and must be supervised by the Trump Organization for at least three years. If they do not follow the rules, they may face more punishments.
Posting the judgment amount was not needed for President Trump to be able to appeal the case, but it was needed to stop the judgment from going into effect until the appeal was heard.
"If I have to, I will fight this all the way to the U.S. Supreme Court," President Trump told Fox News a few days before the deadline. "They can not take your property before you have had a chance to appeal the decision of a judge who hates Trump and is not good at his job. His decisions have been overturned more times than any other judge in the state."
A few days before he posted bond, President Trump said on social media that he had almost $500 million in cash but planned to spend most of it on his campaign for president. He said that people who were against him in politics were trying to get him to spend the money on court fights instead of his presidential campaign.
