Trump is paying a reduced bail of $175 million and can now appeal

Republican presidential candidate Donald Trump posted $175 million (€163 million) bail on Monday. By doing so, he prevents New York State authorities from seizing his assets until his appeal against the judgment in his civil fraud case is resolved. Trump had until next Thursday to transfer the amount.

In February, a judge fined Trump $454 million (423 million euros). He had to pay this amount before he could appeal the fine. But the former president complained that he could not afford this amount because all his assets were in real estate, especially in golf courses and buildings. He described the fine as “a practically impossible task for any company, even if you are as successful as I am.” For this reason, his bail was reduced to $175 million last week.

Last year, the state of New York filed a lawsuit against Donald Trump and his two sons for financial fraud within the multinational Trump Organization. The three overvalued their properties to lenders by billions of dollars annually to obtain better loan terms and insurance. If he is acquitted upon appeal, the fine will be dropped and the insurance amount will be returned to him.

Trump's children must also pay $4.7 million (4.37 million euros) for their role in the fraud case. The company's former CFO was fined $1.1 million (1.02 euros).

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Correction (April 2, 2024): An earlier version of this article said Trump had until Monday, April 1 to post bail. This is incorrect and it should be next Thursday (April 4). This has been modified above.

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