"Trump Faces High-Stakes Deadline in $454 Million NY Civil Fraud Case"

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Source: USA TODAY
"Trump Faces High-Stakes Deadline in $454 Million NY Civil Fraud Case"
Photo: USA TODAY
TL;DR Summary

Former President Donald Trump faces a deadline to post a $454 million bond while appealing a New York civil fraud trial loss, with New York Attorney General Letitia James potentially moving to freeze his assets or seize his property. Trump's legal team claims it's practically impossible to secure the bond, while Trump himself asserts he has nearly $500 million in cash. If James were to collect the judgment now and Trump won his appeal, he could be entitled to get the money back, but there's no guarantee he could buy back his property at the same price. James could move quickly to freeze bank accounts and seize real estate, with the judgment immediately becoming a lien on Trump's New York real estate.

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