What will happen if Trump can’t post $454M bond in his civil fraud case by Monday’s deadline?
Justice,Donald Trump,Bail,New York
New York Attorney General Letitia James will be free to start going after Donald Trump’s prized properties should the former president fail to make the deadline to post the $454 million bond in his civil fraud case.
Trump, 77, on Monday filed papers in an appeals court case seeking to get out of having to post the bond as he fights the massive judgment from February — which accrues $112,000 in interest daily.
The presumptive Republican 2024 presidential nominee had approached over 30 firms to secure the bond — to no avail — and he’s facing “insurmountable difficulties” getting the financial backing, his attorneys wrote in the filings.
Manhattan Supreme Court Justice Arthur Engoron ordered the hefty judgment against the real estate mogul in February after a three-month trial in which the AG’s Office argued that Trump exaggerated his net worth by billions a year on financial statements to get better loan and insurance terms.
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