Donald Trump Posts Bond

Last week Donald Trump's bond was lowered to $175 million and he was given a 10-day extension after struggling to come up with the $454 million required to launch the appeal of his New York fraud conviction [click here if you missed that]. 

Trump makes bond with two days to spare...

From The BBC

Former US President Donald Trump has posted a $175m (£140m) bond in his New York civil fraud case, staving off asset seizures by the state.

He was found in February to have fraudulently inflated property values, and was ordered to pay a $464m penalty.

Posting bond means New York's attorney general cannot enforce the penalty, by freezing bank accounts or taking property, until his appeals are heard.

If the three judges on the appeal panel rule against him, he will have to come up with the full $464m or risk the dismantling of his fabled property empire.

For now at least, Mr Trump is spared the humiliation of seeing his real estate assets such as Trump Tower in Manhattan and his Mar-a-Lago estate in Florida taken away from him.