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Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →Donald Trump said on March 25, 2024, that he would post $175 million in “cash or bonds or security” to pause enforcement of New York’s civil fraud judgment. That statement was not proof that he personally paid $175 million in cash: the Associated Press reported that an insurer-backed bond was posted, with cash and bonds used as collateral.
What Trump said about having cash for the bond
On March 25, 2024, after New York’s Appellate Division, First Department allowed a smaller undertaking to pause enforcement, Trump told reporters: “I greatly respect the decision of the Appellate Division, and I’ll post either $175 million in cash or bonds or security or whatever is necessary very quickly within the 10 days, and I thank the Appellate Division for acting quickly.” ABC News reported the statement and the court’s order.
His wording offered several forms of security; it did not say he would use cash alone. Nor does the statement establish that he personally delivered the full amount as cash.
How the $175 million bond differed from the judgment
The bond was not the amount of the original judgment. The judgment entered on February 23, 2024, totaled $464,576,230.62, including prejudgment interest, according to the First Department’s later decision. The court’s March 25, 2024 order allowed a $175 million undertaking as a condition for staying enforcement of specified portions of the judgment while the appeal proceeded. The First Department’s August 21, 2025 decision recounts the judgment and its later disposition.
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The New York Attorney General had announced the trial court’s decision on February 16, 2024, describing more than $450 million due, including $363.8 million in disgorgement and prejudgment interest. The Attorney General’s announcement provides that description. The figures refer to different stages and descriptions of the case; the $175 million was the reduced undertaking for a stay, not a replacement figure for the original judgment at that time.
Was the bond paid in cash?
Not according to the available reporting. The Associated Press reported on April 2, 2024, that Trump posted the $175 million bond on April 1, with Knight Specialty Insurance as underwriter. The AP reported that cash and bonds were used as collateral. That is different from saying Trump personally paid the full $175 million in cash: the undertaking was an insurer-backed bond, secured with reported collateral.
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The AP later reported that the collateral account had grown by more than $700,000 by April 22, 2024, after it had been arranged to remain in cash and earn interest. That is a dated report, not a statement of the account’s current balance.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the appeal changed
On August 21, 2025, the First Department modified the judgment to vacate the disgorgement awards in their entirety and vacate sanctions imposed on defense counsel; it otherwise affirmed the judgment. The court’s decretal stated that the judgment was “modified, on the law, to vacate the disgorgement awards in their entirety, to vacate the sanctions imposed on defendants’ counsel, and otherwise affirmed, without costs.” The decision included substantial disagreement among the judges, and its result was not a wholesale reversal of every part of the case.
The appellate decision does not say whether the $175 million bond was formally discharged, returned, or otherwise resolved. Its ruling on the disgorgement awards should not be treated as confirmation of the bond’s administrative status.
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