Trump’s Attorneys And New York State Lawyers Reach Agreement Over Bond

The agreement stops the state from potentially seizing Trump's assets to satisfy the original bond while he works on appeals.

New York state lawyers and an attorney for Donald Trump reached an agreement over bond Monday.

In this case, the former president as well as his adult sons and his businesses, are accused of fraudulently reporting the value of properties in order to either lower tax bills or improve the terms of loans.

Trump was found guilty and ordered to post an over $450 million bond. However, he was allowed to post a $175 million bond to block the large judgement while he pursues appeals.

Lawyers for the former president and Knight Specialty Insurance Company have now agreed to keep the $175 million in a cash account that will gain interest but faces no downside risk. The account so far has grown over $700,000.

The agreement stops the state from potentially seizing Trump’s assets to satisfy the original bond while he works on appeals.