Former United States President Donald Trump was facing a pretty difficult situation that could have cost him at least one of his prestigious golf courses as he appeared unable to cover a $464 million judgment against him. But it seems that Trump will not have to come up with all of that money, after all.
On Monday, a panel of five judges in the Appellate Division, First Department determined that Donald Trump can post a bond “in the amount of $175 million” to cover the $464 million judgment while he appeals the decision, and gave Trump 10 more days to put up the money.
“It is ordered that the motion is granted to the extent of staying enforcement of those portions of the Judgment (1) ordering disgorgement to the Attorney General of $464,576,230.62, conditioned on defendants-appellants posting, within ten (10) days of the date of this order, an undertaking in the amount of $175 million dollars,” the two-page order said according to ABC News.
This comes after Trump and his legal team revealed that they have been unable to come up with a bond to cover the $464 million. If Trump was unable to find a bond or come up with the money himself, New York Attorney General Letitia James could have begun seizing the former president’s assets, and she had already taken the initial steps toward seizing Trump National Golf Course in Briarcliff Manor.
It’s unclear whether or not Trump will be able to cover the $175 million, but it is a significantly smaller amount of money and it gives Trump more time before his golf courses could be seized.
[ABC News]
