Background of the Case
First up, let’s set the stage. New York Attorney General Letitia James has been on Trump’s case, quite literally. She’s hit him with a massive fine after finding him guilty of fraud in a civil lawsuit. To avoid having his assets frozen while he appeals the verdict, Trump was initially told to cough up nearly half a billion dollars as bond. Yep, you read that right—half a billion!
Reduction in Bond Amount
Here’s where it gets a bit less daunting for Trump. His legal team was like, “No way can we pull together that kind of cash,” since apparently, no one was lining up to help them out. So, the courts eased up and lowered the bond to a cool $175 million, which Trump claimed he could handle in cash.
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