Trump faces moment of truth for his finances in Manhattan court

  • 📰 adndotcom
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

The billionaire real estate mogul has been warningfor weeks he didn’t have enough cash to cover a bond while he appealsthe verdict.

Former President Donald Trump sits in the courtroom before the start of closing arguments in his civil business fraud trial at New York Supreme Court, Jan. 11, 2024, in New York. .

Trump said last week he has “almost $500 million” in cash, but claims he’d need closer to $1 billion in reserves to cover the bond and still have enough cash on hand to run his sprawling real estate company. The former president said the cash crunch emerged after 30 insurance companies that arrange such bonds refused to take any of his properties as collateral.

The bond deadline Monday in the fraud case coincides with Trump’s appearance in one of his criminal cases. He’ll be in court for a high-stakes hearing on his last-ditch bid to dismiss charges brought by Manhattan District Attorney Alvin Bragg, who accused Trump of falsifying business records to disguise hush money payments to a porn star before the 2016 election.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 293. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Manhattan D.A. asks for 'narrowly tailored' Trump gag order ahead of 'hush money' trialThe Manhattan district attorney asked a judge to impose a 'narrowly tailored' order restricting what former President Donald Trump can say about those involved in the case.
Source: CBSNews - 🏆 87. / 68 Read more »

Trump lawyers motion to adjourn Manhattan DA trial until after SCOTUS rules on presidential immunityLawyers for former President Trump filed a motion Monday to adjourn the trial stemming from DA Alvin Bragg’s charges related to hush money payments until after the Supreme Court rules on presidential immunity.
Source: FoxNews - 🏆 9. / 87 Read more »

Trump Attempts to Delay Trial in Manhattan DA's CaseFormer President Donald Trump is seeking an adjournment in the trial against him, just weeks before it is set to begin. He is asking for a delay pending the U.S. Supreme Court's ruling on presidential immunity in the federal election interference case. The judge should reject this attempt, as Trump had already waived this argument in the New York case and no theory of absolute presidential immunity would apply to the personal and political conduct at issue.
Source: MSNBC - 🏆 469. / 51 Read more »

Manhattan DA Bragg asks for delay to Trump’s hush money trialManhattan District Attorney Alvin Bragg is pushing for a delay to the start of former President Trump’s New York hush-money criminal trial. In a ...
Source: AllSidesNow - 🏆 572. / 51 Read more »

Manhattan prosecutors not opposed to delay in hush money case against Donald TrumpDonald Trump's attorneys had sought an even longer postponement of the trial, which is currently scheduled to begin March 25.
Source: ABC7NY - 🏆 592. / 51 Read more »

Manhattan DA asks to delay start of Trump's hush money trialJury selection is scheduled to get underway March 25 in New York City.
Source: ABC - 🏆 471. / 51 Read more »