A New York appeals court on Monday reduced the bond that former President Donald Trump must post while he appeals a decision that found him liable for inflating his net worth to secure loans, despite the fact that the loans were paid back and the banks involved were fully satisfied. The ruling met with celebration from the Trump team, but it doesn’t make New York Attorney General Letitia James’ relentless lawfare campaign against the former president any less abhorrent.
The Appellate Division in Manhattan on Monday gave Trump 10 days to post a bond in the still-exorbitant amount of $175 million, down $279 million from Judge Arthur Engoron’s initial judgment. The New York Times said two sources familiar with the matter confirmed the former president would be able to post bond.
Trump reacted to the appeals court’s decision, arguing it calls into question Engoron and James’ credibility.
“Judge Engoron has refused to obey the decision of the Appellate Division relative to the Statute of Limitations. This is a confrontation between a Judge and those that rule above him – A very bad situation in which to place New York State and the Rule of Law!” Trump said in a statement.
“This is the 5th time in this case that he has been overturned, a record. His credibility, and that of Letitia James, has been shattered. We will abide by the decision of the Appellate Division, and post either a bond, equivalent securities, or cash,” the former
