Billionaire GOP donors expected to help Trump with bond in civil fraud New York case: report

A New York appeals court ruled that the bond in the former president's case be reduced from $464 million to $175 million.

By Charlotte Hazard

Published: March 26, 2024 9:05am

Billionaires who are also donors to the Republican Party are planning to help former President Donald Trump with his bond in his civil fraud case in New York, according to reports.

Sources told Reuters that billionaire hedge fund founder John Paulson is one of the major donors who is looking to help with Trump's legal expenses.

On Monday, a New York appeals court ruled that the bond in the former president's case be reduced from $464 million to $175 million.

New York Attorney General Letitia James' office is attempting to seize Trump's assets, after she alleged that Trump manipulated the value of his assets to secure favorable loan terms and lower insurance premiums.

A Trump campaign spokesperson told Reuters that there is no coordinated effort to help Trump, now the GOP's 2024 presumptive presidential nominee, with legal expenses and he has enough money to pay it off.

"I'll post either the $175 million in cash or bonds or securities or whatever is necessary, very quickly," Trump said.