March 25, 2024
Former president Donald Trump was granted partial relief in a civil fraud case Monday after the judge allowed him to carry on with his business-related activities in New York alongside reducing the bond amount from $464 million, US media reported.
Donald Trump was ordered last month to pay a significant amount of $355 million under the fraud case adjudicated by Judge Arthur Engoron. The 77-year-old was ordered to pay the cumulative $464 million bond — including $355 million — with a deadline of March 25, 2024, (today).
The current appeal’s court order also extended the deadline of bond submission for 10 days, bringing down the whopping $464 million to $175 million.
Despite the current ruling, Judge Engoron’s court-ordered “monitor and the appointment of a compliance director for Trump's company will remain in place,” according to CNN.
The criminally charged former president has sighed relief as Attorney General Letitia James was staved off for the moment, prohibiting the asset seizure.
Last week, the former president’s lawyers told the court that their client could not find a treasury-approved company to write a bond.
Trump also said last week that for the coverage of the bond amount, he has to put his properties on fire sale.
The actor-turned-politician is currently facing four criminal indictments and 91 counts of charges in a number of cases including hush money, retention of classified documents, election interference, and Capitol riots of January 6, 2021.