Former President Donald Trump and his co-defendants need to post only a $175 million bond or deposit to shield their assets as they appeal their real estate fraud trial loss, an appeals court ruled Monday.
The ruling helps Trump as he has scrambled to come up with the cash before New York Attorney General Letitia James could start going after his assets. The appeals court said in the ruling the defendants have 10 days to post the bond or deposit. The presumptive Republican presidential nominee has been struggling under the weight of not just the $454 million civil fraud judgment, but also an $83.3 million defamation trial loss to advice columnist E. Jean Carroll.
"We will abide by the decision of the Appellate Division, and post either a bond, equivalent securities, or cash," Trump posted on Truth Social soon after the ruling. He also attacked the the $454 million judgment.