"Trump's Appeal Denied: Judge Refuses to Halt $454 Million Fraud Penalty"

1 min read
Source: The Associated Press
"Trump's Appeal Denied: Judge Refuses to Halt $454 Million Fraud Penalty"
Photo: The Associated Press
TL;DR Summary

A New York appellate judge has refused to halt the collection of Donald Trump’s $454 million civil fraud penalty while he appeals, giving him less than a month to pay up or secure a bond covering the full amount. The judge rejected Trump’s offer of a $100 million bond but granted an interim stay pausing a provision in the verdict that barred him, his company, and co-defendants from obtaining loans from New York banks. Trump's lawyers warned he may need to sell properties to cover the penalty and would have no way of getting them back if he is successful in his appeal.

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