"Trump's Financial Woes Deepen: NYC Tower at Risk to Pay $355M Civil Fraud Ruling"

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Source: Fox Business
"Trump's Financial Woes Deepen: NYC Tower at Risk to Pay $355M Civil Fraud Ruling"
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TL;DR Summary

Former President Donald Trump faces a 30-day deadline to pay a $355 million civil fraud ruling, potentially leading to the sale of assets including Trump Tower and other properties owned by the Trump Organization. Legal experts argue strong grounds for appeal, with Trump's lawyer stating they will appeal and be prepared to post the bond. The ruling has sparked debate, with some accusing Democrats of weaponizing the justice system, while others express concerns about its impact on investment in New York. Trump has criticized the decision as a "weaponization against a political opponent" and faces the process of filing an appeal with New York's Appellate Division.

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