(Paywall) Via Bloomberg:

Donald #Trump followed through on his vow to pay a $175 million bond that will put a massive civil fraud verdict on hold while he appeals, assuring New York state won’t start seizing the former president’s assets, at least for now.

Trump Posts Bond to Freeze $454 Million Fraud Fine During Appeal #legal https://www.bloomberg.com/news/articles/2024-04-02/donald-trump-posts-bond-to-freeze-454m-civil-fraud-fine

Donald Trump Posts Bond to Freeze $454 Million Civil Fraud Fine During Appeal

Donald Trump followed through on his vow to pay a $175 million bond to put a massive civil fraud verdict on hold while he appeals it, assuring New York state won’t start seizing the former president’s assets, at least for now.

Bloomberg
Donald Trump posts $175 million in civil fraud case

Donald Trump has posted a $175 million bond in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals. That's according to a court filing made public Monday. A New York appellate court had given the former president 10 days to put up the money after a panel of judges agreed last month to slash the amount needed to stop the clock on enforcement. One of Trump’s lawyers says, "He looks forward to vindicating his rights on appeal and overturning this unjust verdict.”

AP News
3/ NYT: The $175 million bond came from Knight Specialty Insurance Company, a California company that handles such deals. In providing the bond, which is a legal document, not an actual transfer of money, the firm essentially promised New York’s court system that it would cover the judgment against Mr. Trump if he loses his appeal and fails to pay.
@GottaLaff Suckers.

@alan @GottaLaff

My thought exactly. 100% chance they are left holding the bag.

NY will get at least $175 million when Trump loses the appeal, so not bad for the state by any means.

@alphy @alan @GottaLaff no, they get an IOU. Watch the bonding company go bankrupt!