Trump can pay smaller bond in civil fraud case as judge sets April date for hush money trial

By Lauren del Valle, Jeremy Herb, Kara Scannell, Maureen Chowdhury, Dan Berman and Elise Hammond, CNN

Updated 8:01 AM ET, Tue March 26, 2024
22 Posts
Sort by Dropdown arrow
1:56 p.m. ET, March 25, 2024

Trump says he will post $175 million bond within 10 days

Former President Donald Trump returns after a break in a pre-trial hearing at a courthouse in New York on Monday, March 25.
Former President Donald Trump returns after a break in a pre-trial hearing at a courthouse in New York on Monday, March 25. Mary Altaffer/Pool/Reuters

Donald Trump praised the appeals court ruling, which has given him 10 more days to post his bond as the former president appeals the civil fraud judgment against him and cut the amount necessary to $175 million.

Outside of his separate hush money case hearing in New York, Trump remarked on the ruling, saying he "greatly" respects the decision of the court.

The former president said he would post the $175 million "in cash or bonds or security or whatever is necessary very quickly within the 10 days."

As he left the courtroom at the conclusion of Monday's hearing Trump added, "It will be my honor to post." Trump then said he will use cash for collateral, when questioned by a reporter.

Trump also attacked Judge Arthur Engoron, who ruled that the former president needed to pay the full $464 million judgment, in the civil fraud case.

"What he's done is such a disservice and should never be allowed to happen. New York state is being battered by his decision," Trump said. He added, "Judge Engoron is a disgrace to this country."

CNN's Kristina Sgueglia and Nicki Brown contributed reporting to this post.

12:16 p.m. ET, March 25, 2024

New York attorney general says Trump still faces accountability following court ruling to delay judgment

From CNN's Kara Scannell and Dan Berman

New York Attorney General Letitia James watches from the gallery as former President Donald Trump appears in court in New York in October.
New York Attorney General Letitia James watches from the gallery as former President Donald Trump appears in court in New York in October. Brendan McDermid/Pool/Getty Images/FILE

The New York appeals court ruling Monday staves off the prospect, for now, of New York Attorney General Letitia James seeking to seize the former president’s property to enforce the judgment against him.

Donald Trump had been struggling to come up with the means to post the $464 million bond as he appeals, a figure that is now cut to $175 million.

But it also means James will face a significant delay for the appeals court to take up Trump's appeal.

In a statement, a spokesperson for the New York attorney general said:

“Donald Trump is still facing accountability for his staggering fraud. 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. The $464 million judgment – plus interest – against Donald Trump and the other defendants still stands.”
12:03 p.m. ET, March 25, 2024

Trump can still run his businesses in New York City, court rules

From CNN's Lauren del Valle

Former President Donald Trump turns toward the press outside a courtroom in New York on Monday.
Former President Donald Trump turns toward the press outside a courtroom in New York on Monday. Brendan McDermid/Pool/Reuters

The New York appeals court's order in former President Donald Trump's civil fraud trial means that Trump and his sons can still run a business in New York and obtain loans from New York financial institutions for the moment.

The appeals court's order gives Trump 10 more days to post his bond to satisfy the civil fraud judgment and cut the amount necessary to $175 million.

Judge Arthur Engoron's court-ordered monitor and the appointment of a compliance director for Trump's company will remain in place, however.

11:38 a.m. ET, March 25, 2024

Judge in hush money case: "It’s odd that we’re even here"

From CNN's Lauren del Valle and Jeremy Herb

Judge Juan Merchan seems dubious of former President Donald Trump's claims that federal prosecutors purposely withheld evidence.

“It’s odd that we’re even here," Merchan said.

The hearing is in a recess until noon ET.

Just as the recess came, the New York appeals court gave Trump a major victory, cutting the bond needed in the civil fraud case from $464 million to $175 million and gave him an extra 10 days to find the cash.

#Hush Money Case##

5:54 p.m. ET, March 25, 2024

Trump bond lowered to $175 million as he appeals civil fraud judgment in New York

From CNN's Kara Scannell and Jeremy Herb

Former President Donald Trump is seen leaving Trump Tower in New York in August 2022.
Former President Donald Trump is seen leaving Trump Tower in New York in August 2022. James Devaney/GC Images/Getty Images/FILE

A New York appeals court has given Donald Trump 10 more days to post his bond as he appeals the civil fraud judgment against him and cut the amount necessary to $175 million.

It's a major lifeline for the former president, who, along with his adult sons and his company, were fined more than $464 million, including interest, after Judge Arthur Engoron found Trump and his co-defendants fraudulently inflated the value of his assets.

The ruling staves off the prospect, for now, of New York Attorney General Letitia James seeking to seize the former president’s property to enforce the judgment against him.

Trump had been struggling to come up with the means to post the full $464 million bond, the total that he would have needed before Monday’s appellate decision.

11:20 a.m. ET, March 25, 2024

Judge skeptical of Trump allegations of prosecutorial misconduct over document productions

From CNN's Jeremy Herb

Former President Donald Trump and attorney Susan Necheles sit in court before the hearing begins on Monday.
Former President Donald Trump and attorney Susan Necheles sit in court before the hearing begins on Monday. Spencer Platt/Pool/AFP via Getty Images

Judge Juan Merchan appeared skeptical Monday of Donald Trump’s allegations against the Manhattan district attorney over the production of new documents, questioning the accusations that the district attorney’s office acted unethically.

Merchan is holding a hearing Monday to address Trump’s motion for sanctions against the district attorney’s office, including to dismiss the charges, toss out testimony from Michael Cohen and Stormy Daniels and dismiss the trial for at least 90 days.

But during the hearing, the judge peppered Trump attorney Todd Blanche with questions about the allegations, expressing exasperation that Trump’s attorneys couldn’t cite any case law that the district attorney was responsible for what the US Attorney turned over.

"You are literally accusing the Manhattan DA's office and the people assigned to this case of prosecutorial misconduct and of trying to make me complicit in it and you don't have a single cite to support that position?" Merchan said.

Merchan said that Trump’s attorneys were leveling allegations that were "incredibly serious, unbelievably serious" — and it was "disconcerting" the defense couldn’t provide a citation to back it up. The judge also pressed Blanche on why Trump's lawyers didn't ask for the documents more quickly, following the first production of documents were turned over last spring.

Trump’s attorneys subpoenaed the documents from the US Attorney for the Southern District of New York in January, leading to the production of tens of thousands of documents in March that prompted Merchan to postpone the trial, supposed to start today, until at least mid-April.

11:06 a.m. ET, March 25, 2024

Judge to Trump lawyer: You were a federal prosecutor and should have known better

From CNN's Lauren del Valle and Jeremy Herb

Attorney Todd Blanche is seen in August 2023.
Attorney Todd Blanche is seen in August 2023. Win McNamee/Getty Images/FILE

As Trump attorney Todd Blanche blames the New York District Attorney's office for not pressuring federal prosecutors to turn over additional documents related to Michael Cohen, Judge Juan Merchan is getting impatient.

Merchan asked why Trump's attorneys didn't ask for additional documents from the Southern District of New York after receiving the first production last May.

Blanche, the judge noted, once was a prosecutor in the federal office.

"You were there 13 years, so you know that the defense has the same ability as the prosecution to obtain these documents," Merchan said. "...You could have very easily done exactly what you did in January but for whatever reason you waited until two months before trial."

Blanche argues that the DA should have done so — but Merchan disagreed.

"For one, it’s not our job to get it. The statute...," Blanche said.

The judge cut him off, saying, "It’s not the people’s job either."

11:04 a.m. ET, March 25, 2024

Judge raises his voice while questioning Trump's attorneys over accusations

From CNN's Lauren del Valle and Jeremy Herb

Judge Juan Merchan poses for a picture in his chambers in New York on March 14.
Judge Juan Merchan poses for a picture in his chambers in New York on March 14. Seth Wenig/AP/FILE

Judge Juan Merchan is now going after the defense's allegations, raising his voice for the first time in the hearing, saying the fact they don't have a court citation that the NY District Attorney's office was obligated for the US Attorney to turn over documents is "really disconcerting."

"You are literally accusing the Manhattan DA's office and the people assigned to this case of prosecutorial misconduct and of trying to make me complicit in it and you don't have a single cite to support that position?" the judge said.

The judge has otherwise been calm and level throughout the hearing.

Merchan then asked the defense whether it's their position that the US attorney "knowingly retained information" that should have been turned over to the prosecution when it was requested.

"No, it’s that the people never asked," Trump attorney Todd Blanche responded.

As Blanche and Merchan debate case law, Trump is looking closely to his side at his attorney with his arms folded in front of him.

10:44 a.m. ET, March 25, 2024

Judge says Mueller investigation records are not a part of the hush money case

From CNN's Lauren del Valle and Jeremy Herb

Trump attorney Todd Blanche suggested the Michael Cohen FBI interviews that the US Attorney's Office turned over are related to the investigation by former special counsel Robert Mueller into Russian interference in the 2016 presidential election.

Judge Juan Merchan said not to bring it up. "That's not relevant, what does that have to do with this case?" Merchan said, adding that he will not allow anything about the Russia investigation in as evidence in this case. "It has nothing to do with this case."

"I’m telling you, if you try to introduce something in the Mueller investigation, it’s not coming in," he added.

Blanche countered that the FBI discussed what Cohen was doing with Trump before Trump took office, which he argues could be relevant. Cohen paid the hush money to Stormy Daniels during the 2016 campaign.

Blanche said the interviews with Cohen from the Mueller investigation address relevant topics like the allegations in this case and the Access Hollywood tape.