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Dollar454 Million Judgment

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legalfinancial1 year ago•2 min saved

"Trump Faces Imminent $454 Million Bond Deadline in Fraud Case"

Former President Donald Trump faces a deadline to block the New York attorney general from collecting a $454 million judgment in a civil fraud case accusing him of inflating his net worth. If no one posts a bond guaranteeing his financial obligation, the attorney general can start seizing his accounts and properties, potentially starving his family business of cash and ending his New York mogul status. Trump must find a company willing to post a half-billion dollar bond on his behalf to avoid a humiliating outcome.

via The New York Times|

#dollar454-million-judgment #donald-trump #financial-crisis

legalfinancial1 year ago•2 min saved

"Trump Seeks $100 Million Bond to Halt $454 Million Judgment During Appeal"

Donald Trump has asked a New York appeals court to allow him to post a $100 million bond to temporarily pause the $454 million judgment he faces in his civil fraud case, indicating that he lacks the funds to cover the full amount. His appeal seeks to halt enforcement of the financial penalty and other punishments, including a ban on obtaining a loan from a New York bank for three years. If granted, the pause would be temporary, and Trump would still need to persuade a larger panel of appellate judges to keep the judgment on hold.

via The New York Times|

#bond-request #civil-fraud-case #dollar454-million-judgment