www.washingtonpost.com
Open in
urlscan Pro
23.37.45.67
Public Scan
URL:
https://www.washingtonpost.com/politics/2024/03/25/trump-bond-reduced-new-york-fraud-case/?utm_campaign=wp_post_most&utm_medium...
Submission: On March 25 via api from BE — Scanned from DE
Submission: On March 25 via api from BE — Scanned from DE
Form analysis 1 forms found in the DOM
<form class="w-100 left" id="registration-form" data-qa="regwall-registration-form-container">
<div>
<div class="wpds-c-giPdwp wpds-c-giPdwp-iPJLV-css">
<div class="wpds-c-iQOSPq"><span role="label" id="radix-0" class="wpds-c-hdyOns wpds-c-iJWmNK">Enter email address</span><input id="registration-email-id" type="text" aria-invalid="false" name="registration-email"
data-qa="regwall-registration-form-email-input" data-private="true" class="wpds-c-djFMBQ wpds-c-djFMBQ-iPJLV-css" value="" aria-labelledby="radix-0"></div>
</div>
</div>
<div class="dn">
<div class="db mt-xs mb-xs "><span role="label" id="radix-1" class="wpds-c-hdyOns"><span class="db font-xxxs gray-darker pt-xxs pb-xxs gray-dark" style="padding-top: 1px;"><span>By selecting "Start reading," you agree to The Washington Post's
<a target="_blank" style="color:inherit;" class="underline" href="https://www.washingtonpost.com/information/2022/01/01/terms-of-service/">Terms of Service</a> and
<a target="_blank" style="color:inherit;" class="underline" href="https://www.washingtonpost.com/privacy-policy/">Privacy Policy</a>.</span></span></span>
<div class="db gray-dark relative flex pt-xxs pb-xxs items-start gray-darker"><span role="label" id="radix-2" class="wpds-c-hdyOns wpds-c-jDXwHV"><button type="button" role="checkbox" aria-checked="false" data-state="unchecked" value="on"
id="mcCheckbox" data-testid="mcCheckbox" class="wpds-c-bdrwYf wpds-c-bdrwYf-bnVAXI-size-125 wpds-c-bdrwYf-kFjMjo-cv wpds-c-bdrwYf-ikKWKCv-css" aria-labelledby="radix-2"></button><input type="checkbox" aria-hidden="true" tabindex="-1"
value="on" style="transform: translateX(-100%); position: absolute; pointer-events: none; opacity: 0; margin: 0px; width: 0px; height: 0px;"><span class="wpds-c-bFeFXz"><span class="relative db gray-darker" style="padding-top: 2px;"><span
class="relative db font-xxxs" style="padding-top: 1px;"><span>The Washington Post may use my email address to provide me occasional special offers via email and through other platforms. I can opt out at any
time.</span></span></span></span></span></div>
</div>
</div>
<div id="subs-turnstile-hook" data-test-id="regform" class="wpds-c-eerOeF center"></div><button data-qa="regwall-registration-form-cta-button" type="submit"
class="wpds-c-kSOqLF wpds-c-kSOqLF-hDKJFr-variant-cta wpds-c-kSOqLF-eHdizY-density-default wpds-c-kSOqLF-ejCoEP-icon-left wpds-c-kSOqLF-ikFyhzm-css w-100 mt-sm"><span>Start reading</span></button>
</form>Text Content
Accessibility statementSkip to main content Democracy Dies in Darkness SubscribeSign in Advertisement Close The Washington PostDemocracy Dies in Darkness PoliticsBiden administration The Fix The 202s Polling Democracy in America Election 2024 PoliticsBiden administration The Fix The 202s Polling Democracy in America Election 2024 TRUMP WINS PARTIAL STAY OF FRAUD JUDGMENT, ALLOWED TO POST $175 MILLION TRUMP PREVIOUSLY HAD TO POST A HALF-BILLION DOLLAR BOND TO STOP THE N.Y. ATTORNEY GENERAL FROM TAKING HIS ASSETS By Mark Berman , Jonathan O'Connell and Shayna Jacobs Updated March 25, 2024 at 12:57 p.m. EDT|Published March 25, 2024 at 11:33 a.m. EDT New York Attorney General Letitia James arrives to hear former president Donald Trump testify in his civil fraud case at the State Supreme Court of New York on Nov. 6, 2023, in New York. (Jabin Botsford/The Washington Post) Listen 5 min Share Comment on this storyComment Add to your saved stories Save An appeals court panel said Monday that former president Donald Trump would be allowed to post a $175 million bond to stave off enforcement of a nearly half-billion dollar civil judgment against him and his business. Cut through the 2024 election noise. Get The Campaign Moment newsletter.ArrowRight The order Monday morning was a significant win for Trump, who was otherwise facing a massive cash crunch and the prospect of New York Attorney General Letitia James seizing some of his assets as soon as this week. However, while the panel eased the financial cloud over Trump, it did not erase it entirely. The panel gave Trump 10 days to come up with the reduced bond of $175 million, saying it would only delay enforcement of the full amount if he put up that money within this window. Trump’s attorneys had previously sought to post a $100 million bond, rather than the full amount, and have not said whether he can meet the $175 million threshold. Advertisement Story continues below advertisement A New York judge earlier this year hit Trump with penalties totaling more than $450 million. The former president immediately vowed to appeal that ruling, but to stop James from collecting in the meantime, he was required to put up a bond in the full amount. His attorneys have said that the cost of securing such a large bond would exceed $550 million. The appeals court panel did not reduce the initial judgment Monday, only the amount he needs to put up for a bond while appealing. Follow Election 2024 Follow The panel’s order came at a precarious moment for Trump, who is contending with significant financial instability and legal peril. Separate from this case, Trump has been ordered by two civil juries to pay nearly $90 million to the writer E. Jean Carroll. He also faces charges in four criminal cases, including one in New York related to hush money payments made to an adult-film actress. In a sign of how many overlapping legal headaches swirl around Trump, the appeals panel’s order on Trump’s bond came down while he was in a New York courtroom for a hearing about the hush money case. The justice in that case determined that it will go to trial April 15. Advertisement Story continues below advertisement The civil fraud judgment against Trump, meanwhile, stems from a lawsuit that James brought against him and his company, as well as his two eldest sons and two executives. James’s lawsuit said Trump misstated the value of his properties and other assets by up to $2.2 billion a year from 2011 to 2021. New York Supreme Court Justice Arthur Engoron, who heard the case, in February ordered that Trump pay the hefty judgment, which comes out to more than $450 million — with interest. Trump’s attorneys have suggested that he would struggle to finance an appeal bond of that size, saying they had tried and failed to get more than two dozen companies to help secure the bond. After the appeals court panel ruled Monday, Trump posted to social media that his side would “abide by the decision … and post either a bond, equivalent securities, or cash.” He also criticized Engoron and James, both of whom he has ridiculed throughout the trial and after. Speaking to reporters briefly during a break in the hearing in the hush money case, he thanked the appeals court panel and again insulted Engoron. Advertisement Story continues below advertisement James’s office said that the underlying outcome of the trial remained in place. “Donald Trump is still facing accountability for his staggering fraud,” a spokesperson for her office said. “The court has already found that he engaged in years of fraud to falsely inflate his net worth and unjustly enrich himself, his family, and his organization. The $464 million judgment — plus interest — against Donald Trump and the other defendants still stands.” Although the appeals court gave no reasoning for its decision, Adam Pollock, an attorney who formerly served as assistant attorney general in New York, said the decision could indicate that it might consider permanently reducing the judgment against Trump on appeal. Story continues below advertisement “It’s extraordinary because the law is clear that you have to post a bond in the full amount, and it additionally suggests that there may be concern that the underlying judgment is itself excessive,” said Pollock. Advertisement In addition to reducing the amount Trump must put up for his appeal bond, the panel also said it would stay other parts of Engoron’s decision. Among other things, the panel said it would block Engoron’s decree that Trump be prohibited from getting loans from any New York financial institution for three years, and his order that Trump’s sons, Donald Trump Jr. and Eric Trump, be barred from serving in a top position at a New York corporation for two years. The panel said it declined to block some of Engoron’s other moves, including his directive installing an independent director of compliance. This is a developing story. It will be updated. Share 4715 Comments Loading... Subscribe to comment and get the full experience. Choose your plan → Advertisement Advertisement live updatespoliticsChevronRight 5:50 PM TRUMP TARGETS FLORIDA REP. LAUREL LEE FOR PRIMARY CHALLENGE 5:10 PMGallagher’s early exit draws some intraparty attacks 4:35 PMTrump wins partial stay of fraud judgment, allowed to post $175 million 4:10 PMIVF ruling, abortion debate shape battle lines in Alabama special election TOP STORIES Politics Reporting and analysis from the Hill and the White House Trump asked if U.S. was better off in his last year. In many ways, the answer is no. Analysis|Biden vs. Trump is both static and unstable. What could change things? Analysis|In New Jersey, an insurgent upends a Democratic machine back Try a different topic Sign in or create a free account to save your preferences Advertisement Advertisement Company About The Post Newsroom Policies & Standards Diversity & Inclusion Careers Media & Community Relations WP Creative Group Accessibility Statement Sitemap Get The Post Become a Subscriber Gift Subscriptions Mobile & Apps Newsletters & Alerts Washington Post Live Reprints & Permissions Post Store Books & E-Books Print Archives (Subscribers Only) Today’s Paper Public Notices Coupons Contact Us Contact the Newsroom Contact Customer Care Contact the Opinions Team Advertise Licensing & Syndication Request a Correction Send a News Tip Report a Vulnerability Terms of Use Digital Products Terms of Sale Print Products Terms of Sale Terms of Service Privacy Policy Cookie Settings Submissions & Discussion Policy RSS Terms of Service Ad Choices washingtonpost.com © 1996-2024 The Washington Post * washingtonpost.com * © 1996-2024 The Washington Post * About The Post * Contact the Newsroom * Contact Customer Care * Request a Correction * Send a News Tip * Report a Vulnerability * Download the Washington Post App * Policies & Standards * Terms of Service * Privacy Policy * Cookie Settings * Print Products Terms of Sale * Digital Products Terms of Sale * Submissions & Discussion Policy * RSS Terms of Service * Ad Choices * Coupons 5.12.6 Already have an account? Sign in -------------------------------------------------------------------------------- TWO WAYS TO READ THIS ARTICLE: Create an account or sign in Free * Access this article Enter email address By selecting "Start reading," you agree to The Washington Post's Terms of Service and Privacy Policy. The Washington Post may use my email address to provide me occasional special offers via email and through other platforms. I can opt out at any time. Start reading Subscribe €2every 4 weeks * Unlimited access to all articles * Save stories to read later Subscribe WE CARE ABOUT YOUR PRIVACY We and our 45 partners store and/or access information on a device, such as unique IDs in cookies to process personal data. You may accept or manage your choices by clicking below, including your right to object where legitimate interest is used, or at any time in the privacy policy page. These choices will be signaled to our partners and will not affect browsing data. If you click “I accept,” in addition to processing data using cookies and similar technologies for the purposes to the right, you also agree we may process the profile information you provide and your interactions with our surveys and other interactive content for personalized advertising. If you do not accept, we will process cookies and associated data for strictly necessary purposes and process non-cookie data as set forth in our Privacy Policy (consistent with law and, if applicable, other choices you have made). WE AND OUR PARTNERS PROCESS COOKIE DATA TO PROVIDE: Actively scan device characteristics for identification. Create profiles for personalised advertising. Use profiles to select personalised advertising. Create profiles to personalise content. Use profiles to select personalised content. Measure advertising performance. Measure content performance. Understand audiences through statistics or combinations of data from different sources. Develop and improve services. Store and/or access information on a device. Use limited data to select content. Use limited data to select advertising. List of Partners (vendors) I Accept Reject All Show Purposes