Washington | A New York court has allowed Donald Trump to post just $US175 million ($268 million) to hold off enforcement of a $US454 million fraud judgment, cutting the former president a major break in his legal and financial woes.
The panel of judges also granted Mr Trump a 10-day pause on handing over the new bond, in a significant reprieve. The deadline for enforcement was set to expire, paving the way for New York Attorney-General Letitia James, who brought the fraud case, to start seizing Mr Trump’s real estate and bank accounts.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
