Former President Trump said Monday he will pay the $175 million bond set by a New York appeals court in his civil fraud case.
“We will abide by the Appellate Division’s decision and post either a bond, equivalent securities or cash,” Trump wrote on Truth Social.
A five-judge State Appellate Court panel a Dr. in the judgment on Monday It would also suspend enforcement of a $464 million judgment against Trump, the Trump Organization and top executives if he posts a $175 million bond within 10 days.
The break comes after Trump’s lawyers admitted last week that, despite “diligent efforts,” it would be “impossible” for the former president to secure a full appeal bond due to a lack of cash on hand.
Trump wrote on Truth Social on Friday that he has about $500 million in cash and said in a deposition last year to state attorneys general that he has “substantial amounts in excess of $400 million in cash.”
The former president on Monday thanked the Court of Appeal for its decision and ripped into Judge Arthur Ngoron, who handled the fraud case against him.
“Judge Ngoron is a disgrace to this country, and this should not be allowed to happen,” Trump told reporters in a Manhattan courtroom, where he attended a hearing in the case against him over an alleged hush money scheme during the 2016 campaign.
A spokesman for the New York attorney’s office noted in a statement that the $464 million judgment against Trump and his business is still pending.
“Donald Trump is still facing accountability for his staggering fraud,” the spokesperson said. “The court has already found that he engaged in fraud over the years to falsely inflate his net worth and unjustly enrich himself, his family and his company.”
Trump has warned in recent days that he may have to make a “fire sale” of his assets to cover the judgment against him.
Updated at 12:20 pm
