Trump Struggles to Secure $454 Million Appeal Bond Ahead of Deadline
Former President Donald Trump faces a looming deadline to secure a $454 million appeal bond or pay the sum in cash, as underwriters refuse his requests.
- Donald Trump has been unable to secure a $454 million bond to appeal a New York civil fraud ruling, with about 30 bond companies declining his request.
- The appeal bond is required to guarantee payment of the judgment plus interest if Trump's appeal is unsuccessful.
- Trump's inability to secure the bond raises the possibility of asset seizure by New York's attorney general, including properties like Trump Tower.
- The state of New York sued Trump in 2022 for fraud, resulting in a $355 million judgment plus interest against him.
- Trump claims his wealth is tied up in properties, making it difficult to meet the bond's requirements without selling assets at potentially low prices.
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