No, a court did not reduce Trump's $454M civil fraud penalty to $175M

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No, a court did not reduce Trump's $454M civil fraud penalty to $175M
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A New York court lowered the bond amount required to pause collection of the fraud judgment. But, unless an appeal is successful, Trump still owes the full penalty.Former President Trump arrives at 40 Wall Street after a pre-trial hearing on Monday, March 25, 2024, in New York. . The court also ruled that Trump only had to put up a $175 million bond instead of the full $454 million.

A New York appeals court cut the bond to $175 million and gave the former president 10 days to pay it. If Trump loses his appeal, he will still owe the entire $454 million, plus interest.Former President Donald Trump’s more than $454 million civil fraud penalty was not reduced by a New York appeals court on March 25. Instead, the courtthe amount of the bond he is required to pay to stave off enforcement of the judgment against him in the case as legal proceedings continue.

Meanwhile, New York Attorney General Letitia James’ office noted that the more than $454 million civil fraud judgment still stands while collection is paused.team works to separate fact from fiction so that you can understand what is true and false. Please consider subscribing to our dailyKING would like to send you push notifications about the latest news and weather.

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