"Trump's Financial Struggles Continue as $464M Bond Remains Unpaid in Civil Fraud Case"

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Source: Reuters
"Trump's Financial Struggles Continue as $464M Bond Remains Unpaid in Civil Fraud Case"
Photo: Reuters
TL;DR

Donald Trump's attempts to secure a bond to cover a $454 million judgment in a New York civil fraud case have been rejected by 30 surety companies, leaving him at risk of having his properties seized. The former president must now pay the sum out of his own pocket or post a bond to stave off the state's seizure while he appeals the judgment. Trump's lawyers have urged a mid-level state appeals court to delay enforcement of the judgment, arguing the amount is excessive, and have asked to post a $100 million bond while he appeals. This is one of several legal challenges Trump faces as he seeks a presidential election rematch with Joe Biden.

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