Trump's Legal Battle: Hurdles in Securing Appeal Bond for $355m Fraud Case

1 min read
Source: NBC News
Trump's Legal Battle: Hurdles in Securing Appeal Bond for $355m Fraud Case
Photo: NBC News
TL;DR

Donald Trump faces the challenge of securing a bond worth over $540 million to appeal a $355 million penalty in a New York business fraud case, with accruing interest adding $87,502 daily. His status as a potential presidential frontrunner and the unprecedented nature of the situation make it difficult to find a bond company willing to commit. Trump's lawyer plans to post a roughly $400 million bond within a 30-day window to file a notice of appeal, but the process of securing the bond and potential liquidation of assets could pose significant hurdles.

Share this article

Want the full story? Read the original reporting

Read on NBC News