On Monday morning, former United States President Donald Trump was given a bit of a lifeline toward keeping his prestigious golf courses, and it sounds like he is grateful for the decision.
Donald Trump is facing a $464 million judgment after he was found to have fraudulently inflated the value of his properties – including several of his golf courses – in order to receive more favorable loan and insurance rates. Trump was given the deadline of Monday to come up with the money before New York Attorney General Letitia James could begin seizing his assets, and she took initial steps toward seizing Trump National Golf Course in Briarcliff Manor. But it sounds like that isn’t going to happen.
On Monday, a panel of five judges in the Appellate Division, First Department ruled that Trump can post a bond 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.
And Trump expressed gratitude for this decision.
Donald Trump: "I greatly respect the decision of the bail division." https://t.co/nE9MFPXzKI pic.twitter.com/7M40R2ZicN
— The Hill (@thehill) March 26, 2024
“I greatly respect the decision of the appellate division, and I’ll post either the $175 million in cash or bonds or security whatever is necessary very quickly within the 10 days,” Trump said. “I thank the appellate division for acting quickly.”
Trump reiterated this stance on social media.
“We will abide by the decision of the Appellate Division, and post either a bond, equivalent securities, or cash,” Trump wrote on Truth Social.
The decision from the court means Trump will not have his golf courses seized as long as he puts up the $175 million – which he says he plans to do – and he will not have to put up the whole $464 million sum until after he appeals the decision.
[The Hill]
