Trump posts $175 million bail in fraud case

Kyiv • UNN

Apr 2 2024, 02:00 AM • 27992 views

Former US President Donald Trump has posted $175 million bail in a fraud case involving the valuation of Trump Organization assets.

Former US President Donald Trump has posted bail of $175 million in a fraud case. This was reported by Reuters, according to UNN.

Details

Trump secured bail through the Knight Specialty insurance company. The bail was needed for the court to consider the politician's complaint that he had been found guilty.

In mid-February, the court found the former president guilty of fraud in the valuation of the Trump Organization's assets and ordered him to pay $355 million. Taking into account accrued interest, the fine could reach 454 million.

According to the prosecutor's office, the Trump Organization provided false information about the value of assets in order to obtain favorable conditions for loans and insurance.

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Lilia Podolyak

Politics Crimes and emergencies

Reuters

Donald Trump

United States

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