In his New York civil fraud case, former president Donald Trump secured a $175 million bond on Monday. In the meantime, a judge granted Trump’s request to extend his gag order to the judge’s family in his hush-money lawsuit.
According to a court document, the California-based corporation Knight Insurance supplied the bail. By taking this action, Trump’s assets connected to the lawsuit are protected from being seized by New York Attorney General Letitia James.
The bond’s announcement coincides with a week after a New York appeals court lowered the amount that Trump needed to post as collateral from about $500 million to $175 million, giving him 10 days to do so. Trump paid within that window, no problem. Because he doesn’t now have the funds to guarantee it, Trump had said that a bond to cover the $454 million civil fraud award was “a practically impossibility.”
Judge Juan Merchant also extended last week’s gag order to cover his family members in an effort to stop the presumed Republican presidential nominee, Donald Trump, from disparaging the prosecutors, witnesses, and jurors in the case, as well as their families. Merchan dismissed Trump’s claim in his decision that his remarks “constitute core political speech.”
Through his social media tweets, Trump has been disparaging Merchan’s daughter. Neither Merchan nor Manhattan district attorney Alvin Bragg, who initiated the lawsuit, are covered by Monday’s gag order. The former president has taken a personal dislike to both of them. Without providing any proof, Trump has claimed that the accusations made against him are motivated by politics.
The hush-money case’s jury selection process starts on April 15.
At the close of the 2016 campaign, Trump was charged on several counts of making false statements about his business in order to conceal an alleged affair. His criminal trial in New York would be the first in history to be held against a sitting or former president, despite its possibly less serious nature.
In his remarks on social media, Trump has been attacking Merchan’s daughter. Alvin Bragg, the Manhattan district attorney who initiated the case, and Merchan are not covered by Monday’s gag order. The former president has taken his anger at both of them. Without providing any proof, Trump claimed that the accusations against him were made for political reasons.
The California-based corporation Knight Insurance supplied the bail, according to a court document. By doing this, it is certain that Trump’s assets are not seized by New York Attorney General Letitia James in connection with the lawsuit.
A New York appeals court lowered the amount that Trump needed to post as bail from almost half a billion dollars to $175 million, and it granted him ten days to do so. News of the bond was released a week ago. Well inside that window, Trump paid that amount. Due to his current lack of funds, Trump had maintained that obtaining a bond to pay off the $454 million civil fraud judgement was “practically impossible.”
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