Trump Bond Reduced To $175 Million At 11th Hour

Credit: U.S. Air National Guard Photo by Master Sgt. Jeremy Cornelius | Picryl 

A New York court of appeals has significantly reduced the bond required to stop his properties from being seized by authorities from $454 million to $175 million, in order to appeal his New York civil fraud trial.

The decision by a five-judge panel of appellate court judges, comes after the real estate mogul's lawyers argued that it was "impossible" to obtain an appeal bond of $454 million after approaching over 30 surety companies without success. Trump also said he would have to sell properties in a "fire sale" to raise cash.