Donald Trump, who lost a civil fraud case in New York last month, must put up a bond of nearly half-a-billion dollars if he wants to stop New York Attorney General Letitia James from collecting while he appeals. James is poised to begin claiming his assets if he fails to put up the bond by Monday.that Trump, his two eldest sons and two of his executives submitted false data to lenders and insurance companies to secure better deals.
where much of his wealth resides. New York City marshals could go to Trump’s banks and drain his accounts at her behest, In a post on Truth Social on Friday, Trump wrote that he has “almost five hundred million dollars in cash” as he attacked Engoron and his judgment in the fraud case. Experts said that statement seemed to undercut Trump’s lawyers’ argument that he didn’t have enough cash to secure a bond.
The court could say that Trump does not need to post a bond at all unless until his appeal is over and he loses, or the panel could allow him to post a smaller bond. Trump’s lawyers recently asked an emergency appeals judge to allow them to post a $100 million bond but the judgeSterk, the professor, said that the court could grant Trump’s request to stop James from seizing assets until after he has a chance to appeal Engoron’s underlying judgment.
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