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Politics Legal Finance

All articles tagged with #politics legal finance

politics-legal-finance1 year ago

"Trump's Financial Struggles: The $464 Million Bond Dilemma"

Donald Trump faces a $464 million bond payment deadline after being found liable for fraud in a civil case brought by the New York Attorney General. He is struggling to come up with the cash and faces the potential seizure of his assets. Trump has lashed out on social media, claiming he has the funds and accusing the judge and attorney general of corruption. His legal team is seeking to pause enforcement of the judgment, while there are concerns about potential political corruption and overseas donors. If he fails to pay, the attorney general may seek court orders to seize his assets, including bank accounts and possibly even his prized plane.

politics-legal-finance1 year ago

"Trump's Financial Struggles: How He Could Raise Half a Billion Dollars to Settle Judgments"

Donald Trump is facing a cash crunch as he seeks to raise over half a billion dollars to satisfy judgments against him. With deadlines looming, including an $83.3 million defamation case and a $454 million civil fraud case, Trump's lawyers are exploring options such as selling properties, tapping capital markets, or finding another source of cash. The former president's ability to raise funds is complicated by his legal and financial troubles, including four criminal indictments, and the reluctance of major banks to lend to him. Trump's attorneys are also considering the possibility of securing a bond, but the sheer size of the judgments presents practical challenges in coming up with the required cash.