Bond slashed to 175 million while Trump appeals

[GMDino]

(04-22-2024, 04:38 PM)Sociopathicsteelerfan Wrote: https://www.reuters.com/world/us/trumps-175-million-bond-goes-before-judge-new-york-ags-concerns-2024-04-22/

Bond remains in place.

With the additional safeguards.

Quote:Trump accepts new restrictions on $175 million bond in New York civil fraud case

...

But at a hearing on Monday, down the block from where jurors heard opening arguments in Trump's criminal hush money trial, lawyers for Trump and Knight agreed that the funds would remain as cash and not be traded for securities.


They also agreed that Knight would have exclusive control of the account and not withdraw funds, and to provide James with monthly statements to assure that the cash isn't going anywhere.

The agreement was reached after Engoron questioned the security of the collateral.


"You keep using the word agreement, what if they break the agreement?" he asked Trump's lawyer Christopher Kise. "It all seems like a house of cards."



Knight is owned by billionaire Trump supporter Don Hankey.

...