Former US President Donald Trump received a partial reprieve as an appeals court drastically reduced the $454 million bond he was required to post in his New York civil fraud case. The five-judge panel reduced the amount to $175 million, a reduction of nearly 62%, and gave Trump 10 days to come up with the funds.
In response, Trump stated, "It will be my honor to post, and we’ll post whatever is necessary, whether it be cash, security, or bond." The decision came as Trump sought to appeal a massive judgment ordered against him by Manhattan Supreme Court Justice Arthur Engoron.
New York Attorney General Letitia James, who prosecuted the case, warned that she wouldn't hesitate to seize Trump's prized properties in New York if he failed to pay. Engoron had previously found Trump guilty of business fraud and ordered him to pay the hefty penalty.
The ruling also upheld Engoron's order for an independent monitor to have more oversight over the Trump Organization's practices and for the company to hire a compliance officer to report to the monitor.
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