Asset seizures loom after Trump fails to secure bond for $US454 million judgment

📆 3/18/2024 6:36 PM
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The case, brought by New York state Attorney General Letitia James in September 2022, is one of several legal travails the businessman-turned-Republican candidate faces

Donald Trump’s efforts to secure a bond to cover a $US454 million judgment in a New York civil fraud case has been rejected by 30 insurance companies, his lawyers said, inching him closer to the possibility of having his properties seized.

as he seeks a November 5 election rematch with Democratic President Joe Biden.Trump, 77, has denied wrongdoing and vowed to appeal the judgment, which threatens his family’s real estate empire. Giulietti said many sureties would not issue bonds above $US100 million and were willing to accept only cash or securities - not real estate - as collateral.

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Asset seizures loom after Trump fails to secure bond for $US454 million judgmentThe case, brought by New York state Attorney General Letitia James in September 2022, is one of several legal travails the businessman-turned-Republican candidate faces
Source: brisbanetimes - 🏆 13. / 67 Read more »