"Trump's Financial Struggles: NY AG Takes Steps to Seize Assets Amidst Demands for Cash"

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Source: Business Insider
"Trump's Financial Struggles: NY AG Takes Steps to Seize Assets Amidst Demands for Cash"
Photo: Business Insider
TL;DR Summary

Former President Donald Trump is fundraising to cover the $457 million judgment he owes the state of New York, but using campaign donations for this purpose may be illegal. An ethics watchdog group has warned that diverting campaign funds for personal use is prohibited under federal law, and it remains unclear whether the Federal Election Commission would take action. Trump's attorneys have stated that he cannot afford to post an appeal bond covering the penalty, and Trump has continued to insist that he did nothing wrong.

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