"Sources: Billionaires Sought to Fund Trump Bond in Civil Fraud Case"

1 min read
Source: Reuters
"Sources: Billionaires Sought to Fund Trump Bond in Civil Fraud Case"
Photo: Reuters
TL;DR Summary

Major Republican donors, including billionaire hedge fund founder John Paulson and oil and gas magnate Harold Hamm, were reportedly working to help U.S. presidential candidate Donald Trump fund the original bond amount needed to cover his $454 million civil fraud judgment. Trump won a bid to delay the enforcement of the judgment by posting a smaller $175 million bond within 10 days. The potential help from Trump's billionaire allies highlights the role of big donor money in the presidential election as Trump faces financial challenges amid legal judgments and expenses.

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