Donald Trump posted $175 million in bail after he was convicted in New York of defrauding his company in a civil trial, Monday, April 1, averting threatened conservative seizures of his assets by state authorities that could potentially even lead to the collapse of his real estate group. The 77-year-old tycoon, who will face Democratic successor Joe Biden in the November 5 presidential election, was found guilty on February 16 of fraud, more specifically of artificially inflating the value of his real estate by billions of dollars to secure more favorable lending and insurance terms . Initially, Donald Trump was asked to post a $454 million bond. But an appeals court decided on March 25 to suspend the enforcement of Judge Arthur Engoron's decision, on the condition that the businessman would pay the lesser amount within ten days. A three-member appeals court is pending to consider an appeal by the former US president on its merits […]
Source: News Beast
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