Trump's Legal Battle: Hurdles in Securing Appeal Bond for $355m Fraud Case

1 min read
Source: NBC News
Trump's Legal Battle: Hurdles in Securing Appeal Bond for $355m Fraud Case
Photo: NBC News
TL;DR Summary

Donald Trump faces the challenge of securing a bond worth over $540 million to appeal a $355 million penalty in a New York business fraud case, with accruing interest adding $87,502 daily. His status as a potential presidential frontrunner and the unprecedented nature of the situation make it difficult to find a bond company willing to commit. Trump's lawyer plans to post a roughly $400 million bond within a 30-day window to file a notice of appeal, but the process of securing the bond and potential liquidation of assets could pose significant hurdles.

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