"Trump's Looming Financial Crisis: Facing $400 Million in Legal Penalties"

1 min read
Source: New York Post
"Trump's Looming Financial Crisis: Facing $400 Million in Legal Penalties"
Photo: New York Post
TL;DR Summary

Donald Trump could be required to pay up to $450 million in two New York civil cases, including a $370 million potential penalty in a fraud case and an $83 million defamation verdict. Even if he appeals, he would still need to provide a potential $453 million as security. Trump may seek a security bond, but it would come with significant fees and interest. Filing for bankruptcy could be an option, but it would expose his financial details as he considers running for president in 2024. Trump faces additional legal challenges, including four criminal cases, and has maintained his innocence, labeling the cases as politically motivated.

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