In a major development, the court has granted former President Trump a deadline extension of 10 days to post his bond in order to satisfy a civil fraud judgment against him. This is significant because it provides him with some breathing room to address this complex legal matter.
Additionally, the court has also reduced the amount of the civil fraud judgment from a staggering $464 million down to $175 million. This substantial reduction will certainly come as a relief to President Trump, as well as to his adult sons and his company.
The initial judgment was handed down by Judge Arthur Engoron, who found that President Trump and his co-defendants had fraudulently inflated the value of his assets. The fines imposed on them, including accumulated interest, were amongst the highest ever seen in a civil fraud case.
Although this is undoubtedly a positive turn of events for the former president, it is important to note that this is an ongoing story, and we will continue to provide updates as new information becomes available, on Fan Reviews News.
