Former President Donald Trump was successful in his appeal earlier today, pausing the $454 million judgment, and lowering the bond amount in the New York civil fraud case. The pause allows Trump 10 days to post a $175 million bond to prevent asset seizures by New York Attorney General Letitia James, who could have started seizing Trump’s properties starting today while Trump appeals the civil-fraud case.
After the hearing, Trump questioned New York’s valuation on his Mar-a-Lago property, stating on Truth Social:
Judge Engoron and Letitia James should be forced to explain why he ruled that Mar-a-Lago was worth $18,000,000 when, in fact, it is worth from 50 to 100 times that amount. How did the Attorney General of the State of New York force this Corrupt Judge to do that in order to help her narrative — AND WHY?”
Before the hearing, Trump’s son Eric claimed that the fraud case is shattering trust in the U.S. legal system, stating on X, “The entire world is watching this unfold. The notion of seizing properties owned by the Former President of the United States (and the front runner for President in 2024) — properties belonging to a company that has NEVER missed a payment, never been in default, never breached a covenant, built American skylines, has repeatedly made banks hundreds of millions of dollars while employing THOUSANDS of hard working New Yorkers — is shattering the trust of not just of New York (which is fragile at best) but in the entire legal system in the United States.”
