Donald Trump got a break in court on Monday, as a New York court allowed him to pay a smaller bond of $175m to delay a $464m fraud penalty.
His lawyers argued it was impossible to pay the full amount. The court gave him 10 days to find the $175m. If he pays it, his assets will be protected during his appeal.
Trump called it a respectful decision and plans to comply. This is seen as a win for Trump, preventing his assets from being seized.
However, the $464m judgment against him still stands. The court also delayed other penalties, like banning Trump and his sons from running businesses in New York, but kept a monitor overseeing his businesses.
Trump claimed he couldn’t cover the penalty despite having $400m in cash.
Experts are surprised by the court’s decision, especially since Trump claimed to have $500m in cash recently.
This report is from the BBC.
https://www.bbc.com/news/world-us-canada-68659100