This decision comes after Trump faced a Monday deadline to pay a $464 million bond payment following civil fraud allegations from New York Attorney General Letitia James.
The $464 million judgment, originally due today, was issued by New York Judge Arthur Engoron after a months-long non-jury trial stemming from James’ investigation.
Engoron ruled that Trump and other defendants were liable for various charges including fraud, falsifying business records, and conspiracy.
Trump and his legal team appealed the decision, arguing that the initial bond amount was unprecedented and posting it in full was practically impossible.
They vowed to fight the case all the way up to the US Supreme Court if necessary, dismissing the trial as a witch hunt.
The appeal court’s decision allows Trump and his sons to continue running the family business while they appeal the decision, saving him from potential financial disaster.
The new bond amount also prevents Attorney General Letitia James from collecting the judgment during Trump’s appeal, providing him with a temporary reprieve.
Trump now has 10 days to secure the reduced bond payment, ensuring his bank accounts and properties remain safe for the time being.
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