“Donald Trump posted a $175 million bond Monday to stop collection of a half-billion dollar judgment in the civil fraud case against him, preventing state authorities from seizing his assets while he appeals the verdict,” Politico reports.
“Trump’s posting of the bond comes after a panel of appellate judges last week ruled that he could post a bond in a significantly smaller amount than the $454 million he owes as a result of the verdict.
That decision came after Trump’s lawyers said he lacked the cash to cover the full amount of the penalty and had been rejected by dozens of insurance companies for a bond for the full amount.”