Former US President Donald Trump, entangled in a civil fraud case in New York, has managed to sidestep asset seizures by posting a hefty $175 million bond, according to court documents. Initially facing a daunting $454 million payment, Trump found a reprieve when a California-based company, Knight Specialty Insurance Company, stepped up to provide the required bond.
This development comes after a New York appeals court reduced Trump’s bond amount and granted him a ten-day window to secure the funds. The case revolves around allegations of Trump and his family company inflating property values to secure favorable loans and insurance terms, a charge they vehemently deny.
Despite the legal hurdles, Trump, now the Republican nominee once again, remains embroiled in various legal battles, including accusations of attempting to overturn the 2020 election results. The former president faces mounting legal pressure, with several criminal indictments and a looming trial date, marking the unprecedented first-ever criminal trial of a former US president.