"NY Appeals Court Denies Trump's Bid to Delay $454 Million Fraud Judgment"

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Source: Reuters
"NY Appeals Court Denies Trump's Bid to Delay $454 Million Fraud Judgment"
Photo: Reuters
TL;DR Summary

Former President Donald Trump lost a bid to pause a $454.2 million civil fraud judgment against him in a New York case, as he appeals the decision. The judgment stems from allegations of overstating his net worth and property values to deceive lenders. While a stay was granted on a three-year ban from running New York corporations or seeking state bank loans, Trump must soon post assets to prevent property seizure. Trump's lawyers argue he cannot afford the full bond and seek a $100 million bond instead. Attorney General Letitia James opposes this, citing the risk of evasion and substantial shortfall.

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