Trump won bid to pause his $454 million civil fraud judgment

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NEW YORK: Donald Trump won a bid on Monday to pause his $454 million civil fraud judgment if he posts a smaller $175 million bond within 10 days, in a victory for the former US president that blocks New York state authorities from taking steps to seize his assets.

The decision by a mid-level state appeals court eases an acute cash crunch for Trump, who has said he would be forced to sell assets at “fire sale prices” to post bond in the case.

If Trump posts bond by the new deadline, state authorities will not be able to start seizing his assets.

The ruling delays enforcement of a judgment in a case that found he overstated his wealth to dupe investors and lenders, though it does not indicate how the appeals court might ultimately rule or address the merits of the case. It could take judges up to a year or longer to reach a decision on that.

“I greatly respect the decision of the appellate division and I’ll post either the $175 million in cash or bonds or securities or whatever is necessary, very quickly,” Trump told reporters at a New York courthouse where he was appearing in a separate criminal case.

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