A state Court of Appeals has reduced the bond that Donald Trump was to have posted by today.
A ruling was issued this morning whereby the mega fine assessed on Donald Trump went from $454 million to $175 million while also giving him more time to pay it. But that’s not all: the appeals court suspended the earlier decision banning members of the Trump family from serving on the board of directors of the namesake companies.
The tycoon will therefore avoid, for the time being, liquidating some of his real estate assets to pay the mega fine imposed on him at the end of his fraud trial in New York. According to prosecutors, the former president along with Trump Organization executives had inflated the value of their assets to obtain more favorable terms from lenders and insurers.
The assets and properties that Attorney General Letitia James had named in recent days as possibly to be seized were: the Trump Tower on Fifth Avenue, the Wall Street offices, the Mar-a-Lago resort in Florida, the residences in Seven Springs as well as a number of golf clubs.
On the same day, Trump is also in New York for a hearing in the Stormy Daniels case, which alleges that the former president bought the porn star’s silence during the 2016 election campaign. In that case, Judge Juan M. Merchant ruled that the trial must begin on April 15.
