donald trumpis getting a break once again… his hefty multimillion-dollar bond in his New York civil case just took a big hit, and he might be able to pay it off.
A New York appeals court cut bail for DT’s civil fraud trial from a whopping $454 million to $175 million on Monday… plus, they’re giving him 10 more days to get the money later that their legal team said they were facing roadblocks to secure the dough.
The decision comes on the same day that New York Attorney General Letícia James would have started trying to impose the trial against Trump in this case – namely, starting the attempt to seize his assets, including money he may have and even properties.
Remember… last week, Trump’s legal team said he was struggling to reach the money only to appeal the decision against him – while the insurance companies laughed at him. As we reported, Trump’s lawyers said getting help with that bail was a practical impossibility.
In fact, they even said that they had unsuccessfully approached 30 underwriters to back the bond… but it was all in jest, because “very few bond companies will consider a bond of anything close to this magnitude.”
Trump’s team added that he would need nearly a billion dollars in cash reserves just to hire an insurance company… and from the looks of it, DT was falling short.
Now, though… Trump has been handed a lifeline, as an appeals court clearly agreed that the bail the OG judge was trying to impose was absurd… and he has some time to get the money. The NYT reports that he should be able to do this too and lives to fight another day.