Trump's Bond Gets New Conditions

Prosecutors wanted controls added to protect money placed in account
By Bob Cronin,  Newser Staff
Posted Apr 22, 2024 4:59 PM CDT
Trump's Bond Gets New Conditions
Justice Arthur Engoron presides over Donald Trump Jr.'s testimony in his family's civil fraud case at the New York State Supreme Court in November.   (Erin Schaff/The New York Times via AP, Pool, File)

Donald Trump's $175 million bond, which he had to post to pursue an appeal in his civil fraud case, received a few new conditions on Monday after prosecutors raised questions about the company that issued it. New York Judge Arthur Engoron accepted the bond, which will protect Trump from his bank accounts being frozen or his assets being seized during the appeal process. The changes are intended to ensure enough cash remains available for the bond, Axios reports. Knight Specialty Insurance isn't registered with New York, and New York Attorney General Letitia James asked that the company or Trump's lawyers show that it can handle this.

The bond remains set at $175 million, down from the original $454 million order, placed in a money market account. But it now has to remain cash, per the New York Times, and cannot be transferred into mutual funds, for example. Trump's lawyers and the state agreed to have Knight exercise sole control over the account; the attorney general's office wanted controls in place to make sure the amount didn't decrease. In the hearing Monday, Trump's representatives told the court that interest has increased the $175 million by $712,000. (More Trump New York fraud trial stories.)

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