Apr 02, 2024 - ABC News - Trump secures $175 million bond in New York civil fraud case

Original Text (Processed by ChatGPT)

1. We want to turn to some breaking news now. Former President Donald Trump has secured a $175 million bond in his New York civil case. Trump secured the bond through Knight Specialty Insurance.

2. Last Monday, a panel of judges from New York's Appellate Division granted the former president, his adult sons, and two former Trump Organization executives a ten-day stay of the $464 million judgment in their civil fraud case and permitted them to post a reduced bond of $175 million.

3. Let's bring in senior investigative correspondent Aaron Katersky for more. Aaron, I know you've been following this. So what does this mean both for Trump and also his sons and the others involved in this case?

4. Primarily, it means their assets that are not going to be seized at the end of the week by the New York Attorney General aerial?. Posting the bond guarantees that Trump can pay at least a portion of a civil fraud judgment that runs to nearly a half-billion dollars.

5. And the appeals court allowed Trump to guarantee that judgment with a reduced, still hefty, $175 million bond. According to a court filing, Trump was able to secure that bond through a Los Angeles-based surety, Knight Specialty Insurance Company.

6. We don't know what he had to put up as collateral, but likely it's quite a substantial amount of cash. Trump's lawyers had said that he could cobble together maybe $100 million in cash, but certainly couldn't afford anything more. So we don't know what else he may have put up as collateral.

Dictation

1. We want to turn to some breaking news now. Former President, Donald Trump, secured a $175 million bond in his New York civil fraud case. Trump secures the bond through night specialty insurance company.

   • We want to turn to some breaking news now. Former President, Donald Trump, has secured a $175 million bond in his New York civil fraud case. Trump secured the bond through Knight Specialty Insurance company.

2. Last Monday, a panel of judges from New York P Division granted the former president, his adopted son, and two former Trump's organization executives a ten-days stay of $464 million judgement in their civil fraud case, and permitted them to post a reduced bond of $175 million.

   • Last Monday, a panel of judges from New York's Appellate Division granted the former president, his adult sons, and two former Trump Organization executives a ten-day stay of the $464 million judgement in their civil fraud case, and permitted them to post a reduced bond of $175 million.

3. Let's bring in senior investigator correspondent, A C, with more. A, I know you've been following this. So What does this mean? Both for Trump, and also his sons, and others who involved in this case.

   • Let's bring in senior investigative correspondent, Aaron Katersky, with more. Aaron, I know you've been following this. So What does this mean both for Trump, and also his sons, and the others involved in this case?

4. Primarily, it means their assets that are not going to be seized at the end of this week by the New York Attorney General ?. Posting the bond gurantees that Trump can pay at least a portion of a civil fraud judgement that runs to nearly a half-billion dollars.

5. And the appeals court allowed Trump to guarantee the judgement with a reduced but still halvty 175 million bond. And according to the court filing, Trump was able to secure that bond to a Los Angeles based surity and Knight Specialty Insurance Company.

   • And the appeals court allowed Trump to guarantee that judgement with a reduced but still hefty $175 million bond. And according to a court filing, Trump was able to secure that bond to a Los Angeles-based surety and Knight Specialty Insurance Company.

6. We don't know what he had to put up the colateral. but likely it's quite a substantial amount of money. Trump's lawyer had said that he could cover or gather maybe $100 million in cash but certainly couldn't afford anything more. So we don't know what else he may put up the colateral.

   • We don't know what he had to put up as collateral. but likely it's quite a substantial amount of money. Trump's lawyers had said that he could cobble together maybe $100 million in cash but certainly couldn't afford anything more. So we don't know what else he may have put up as collateral.

7. I know you'll continue to follow this as you have every step of the way. AK is here thanks to you.

Note

1. bond(bound 过去式) n. 纽带；黏合、粘合；具有法律效力的协议：债券、保险、保释金；砌砖的形式；高档书写纸（bond paper 用来书写有法律效力文件的纸，通常质量好） v. 黏合、粘合；通过化学键粘合；砌砖头以堆叠形式；发债

   bind v. 捆绑（紧紧地）；凝聚成整体；联结（人的感情）；约束（法律）；装订（书）；镶边 n. 困境；法律约束

   band n. 扁平的带子或环；细长的区域（与周围纹理、颜色不同）；一群人（共同兴趣或目标）；乐队 v. 用带子或环绑起来；用不同颜色条纹标记；形成团体

2. appellate adj. 上诉的

   appellate division 上诉部门（法院的分支机构）

3. division n. 分离（物理上）；分歧（观点上）；除法；部分、部门；分区（分隔两个事物的区域）

4. investigative adj. 调查性的

5. correspondent n. 记者 adj. 相应的 = corresponding

   investigative correspondent 调查记者

6. New York Attorney General 纽约检察总长

7. judgement(英) judgment(美) 同一个词不同拼写

8. hefty adj. 大、重、有力的

9. surety n. 担保人

10. collateral n. 抵押物；旁系（相同血统但不同分支的人） adj. 额外但附属的、次要的；旁系的（相同血统但不同分支的）；旁边的、平行的

    bilateral adj. 双边的

    multilateral adj. 多边的

11. cobble n. 鹅卵石 v. 粗略地拼凑或组合