Trump Posts $175M Bond in NY Fraud Case
The Facts
Former Pres. Donald Trump has posted a $175M bond, underwritten by Knight Speciality Insurance, related to his appeal of the New York civil fraud judgment against him.
Trump in February was found guilty of overstating the value of his assets to loan and insurance companies to secure financial agreements. He has denied the allegations, with the bond pausing the seizure of $465M in penalties as a guarantee of payment while he appeals.
The Spin
Pro-Trump narrative
Once again, Trump has struck a blow against the weaponized legal system. Despite the best attempts of the deep state, James won't be able to get her hands on Trump's assets. Trump is one step closer to overturning New York's ridiculous, politicized ruling.
Anti-Trump narrative
It may not seem like it at first, but Trump posting bond could help Democrats, who stood to lose more ground if Trump had had his assets seized. The former president always gains when he and his supporters feel he's been treated unfairly. Now there's one less thing he can complain about.
