Home » Trump Wins Bond Reduction in New York Fraud Appeal, Blasts DOJ in a Presser

Trump Wins Bond Reduction in New York Fraud Appeal, Blasts DOJ in a Presser

by Richard A Reagan

A New York appeals court has ruled in favor of reducing Trump’s bond from a staggering $464 million to $175 million, providing the former President with a 10-day reprieve to post the new amount. [Source]

Speaking to members of the press shortly after the ruling, Trump explained that the charges against him were influenced by his political success and aspirations. [Source]

“I don’t know how you can have a trial like this in the middle of a presidential election…again, these are all Biden trials…they take a guy out of the DOJ and they put him into the attorney general’s office and then into the Manhattan DA’s office to go after Trump,” Trump expressed.

“They could have started this when I left office. You know why they didn’t start it? Because they didn’t know if I’d be running and they didn’t know how well I’d do,” Trump added.

The case, initiated by New York Attorney General Letitia James, accuses Trump of manipulating asset values to secure favorable loan terms, among other benefits.

Trump and his legal team, however, maintain that the case is a “victimless crime,” asserting that no financial harm was caused to any party involved.

“There were no victims because the banks made a lot of money,” Trump argued, a sentiment echoed by his legal representation which contends that the prosecution has failed to demonstrate any real-world impact or identify fraud victims.

Legal experts and commentators have weighed in on the unusual nature of the bond amount, comparing it to bonds set in other high-profile fraud cases. For instance, the bond set for Trump was initially higher than those for notorious figures like Sam Bankman-Fried and Bernie Madoff, raising questions about the fairness and standard of the bond determination.

Parallel to his legal challenges, Trump’s financial status has seen a dramatic uptick.

Following the merger between Digital World Acquisition Corp. and Trump Media & Technology Group Corp., Trump’s net worth surged to $6.4 billion, propelling him into the ranks of the world’s wealthiest individuals. [Source]

This financial milestone coincided with the appeals court’s decision, bolstering Trump’s position to cover the reduced bond through his proclaimed substantial cash reserves.

Trump’s assertion that the upcoming election will be “the most important day in the history of our country” reflects the high stakes involved, not just for him personally, but for the political landscape at large.

Trump has called upon his supporters for backing, assuring them of his capability to post the bond and expressing confidence in overcoming the legal challenges ahead. “I have a lot of cash,” Trump reassured during a press conference, signaling his readiness to fight the case to the end. 

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