🔍A New York appeals court reduces Trump's bond in his $455 million fraud case.
💰Trump now has 10 days to secure a $175 million bond to prevent his properties from being seized.
⏸️The court lifts some restrictions on Trump's ability to run a New York company and get a loan from a New York bank.
🔒Restrictions on Trump's adult sons running a New York company are extended for 2 years.
👁️An independent monitor will oversee Trump's business finances.
What does the reduced bond mean for Trump?
—Trump now has 10 days to secure a $175 million bond instead of the initial $455 million. If he fails to secure the bond, his properties can be seized by the attorney general.
What restrictions were lifted by the court?
—The court lifted some restrictions on Trump's ability to run a New York company and get a loan from a New York bank.
Are there any restrictions still in place?
—The court extended the restrictions on Trump's adult sons running a New York company for 2 years. Additionally, an independent monitor will oversee Trump's business finances.
What is the purpose of the bond?
—The bond is meant to secure the funds for the plaintiff, in this case, the state of New York, in case Trump's appeal is unsuccessful and the plaintiff needs to collect the money.
What does this ruling mean for Trump's fraud case?
—This ruling provides Trump with a temporary lifeline while he appeals the verdict. It does not eliminate his debt or erase his legal troubles.
00:00A New York appeals court has issued a ruling in Trump's $455 million fraud case.
00:14Trump's bond has been reduced to $175 million from the initial $455 million.
00:21The court has lifted some restrictions, including the prohibition on Trump's ability to run a New York company and get a loan from a New York bank.
00:31The restrictions on Trump's adult sons running a New York company have been extended for 2 years.
00:36An independent monitor will oversee Trump's business finances.
