China News Service, March 26 (Xinhua) According to comprehensive US media reports, on March 25, local time, a New York court ruled that former US President Trump is appealing against the previous judgment of being fined US$454 million in a civil fraud case. During this period, only a deposit of US$175 million will be required.
Data map: Former US President Trump. Photo by China News Service reporter Liao Pan
According to the Washington Post, a five-judge New York State Court of Appeal panel said Trump was allowed to post a $175 million bond within 10 days to avoid enforcement of a nearly $500 million fine against Trump and his companies. civil judgment.
According to the report, this is "a major victory" for Trump, otherwise he will face a massive cash shortage. New York's attorney general could move to seize some of his assets as soon as this week.
The New York Times reported that the outcome, to a certain extent, "relieves the former president's financial pressure" due to the significant reduction in compensation.
Trump said on the 25th, "We will provide cash or bonds very soon," but he has not yet provided specific details. According to reports, Trump's lawyers had previously sought to pay $100 million instead of the full bond.
On the same day, Trump celebrated the ruling in a post on his self-created social media platform "Truth Social" and reiterated many times that he believed he "did nothing wrong."
The New York Times reported that although Trump currently only needs to pay a small part of the civil judgment fine, he may still need to pay the entire amount if the appeal fails.
Trump still faces multiple legal obstacles. On March 25, a judge in charge of the case involving Trump’s alleged hush money payments to porn stars announced that the trial would begin on April 15.