Former President Trump said Monday he will pay a $175 million bond set by a New York appeals court in his civil fraud case.
“We will abide by the decision of the Appellate Division, and post either a bond, equivalent securities, or cash,” Trump wrote on Truth Social.
A five-judge state appeals court panel in a Monday ruling said it would pause the enforcement of the $464 million judgment against Trump, the Trump Organization and top executives, with interest, if they post a $175 million bond within 10 days.
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The pause comes after Trump’s lawyers admitted last week that, despite “diligent efforts,” it would be “impossible” for the former president to secure a full appeals bond due to lack of cash on hand.
Trump wrote Friday on Truth Social he has nearly $500 million in cash and told state lawyers last year in depositions he had “substantially in excess of $400 million in cash.”
The former president on Monday thanked the appeals court for its decision and tore into Judge Arthur Engoron, who handled the fraud case against him.
“Judge Engoron is a disgrace to this country, and this should not be allowed to happen,” Trump told reporters at a Manhattan courthouse, where he was attending a hearing in the case against him over an alleged hush money scheme during the 2016 campaign.
A spokesperson for the New York attorney’s office noted in a statement that the $464 million judgment against Trump and his business still stands.
“Donald Trump is still facing accountability for his staggering fraud,” the spokesperson said. “The court has already found that he engaged in years of fraud to falsely inflate his net worth and unjustly enrich himself, his family and his organization.”
Trump had in recent days warned he may have to hold a “fire sale” of his assets to cover the judgment against him.
Updated at 12:20 p.m.