"Trump's Lawyers Admit Inability to Secure $464M Bond in New York Fraud Case"

1 min read
Source: CNBC
"Trump's Lawyers Admit Inability to Secure $464M Bond in New York Fraud Case"
Photo: CNBC
TL;DR Summary

Donald Trump's attorneys claim it's "impossible" to secure a $454 million appeal bond in the New York fraud case against him, as it would require "cash reserves approaching $1 billion." They have approached numerous surety companies but have been unsuccessful in obtaining the bond. The case, brought by New York Attorney General Letitia James, accused Trump and his company of inflating asset values to boost his net worth. The defendants were previously ordered to pay a total of $464 million in damages and interest, with Trump responsible for $454 million.

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