_what-happens-to-trump39s-bond-if-he-loses-the-appeal-in-fraud-case.jpg "What Happens to Trump's Bond if He Loses the Appeal in Fraud Case? from owe kabale asikina Video Screenshot Preview")
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⏲ Duration: 0:46
👁 View: 685K times
✓ Published: 28-Mar-2024
👁 View: 685K times
✓ Published: 28-Mar-2024
Description:
An appeals court reduced the bond Donald Trump must pay to delay the enforcement of a New York civil fraud case during his appeal from $454 million to $175 million, which he must secure within 10 days. Under New York law, someone can delay collection during an appeal by posting a bond or otherwise guaranteeing payment if they lose the appeal. Companies offer appeal bonds for a fee, requiring collateral like cash or investments to secure the bond amount. If Trump loses the appeal, the bond or collateral would be used to pay what he owes; if he wins, it would be returned. His stock in a new social media company could net billions if gains hold, but he can't sell for 6 months due to lock-up rules.
An appeals court reduced the bond Donald Trump must pay to delay the enforcement of a New York civil fraud case during his appeal from $454 million to $175 million, which he must secure within 10 days. Under New York law, someone can delay collection during an appeal by posting a bond or otherwise guaranteeing payment if they lose the appeal. Companies offer appeal bonds for a fee, requiring collateral like cash or investments to secure the bond amount. If Trump loses the appeal, the bond or collateral would be used to pay what he owes; if he wins, it would be returned. His stock in a new social media company could net billions if gains hold, but he can't sell for 6 months due to lock-up rules.
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