Donald Trump's Legal Troubles and Appeal Bond

SOURCE www.cnbc.com
Former President Donald Trump faces a massive fine in a New York business fraud case and needs to secure a bond of over $540 million. His status as a presidential front-runner makes it difficult to find a bond company willing to work with him.

Key Points

  • Trump is ordered to pay about $355 million in penalties for business fraud.
  • He needs to secure a bond of over $540 million to appeal the ruling.
  • Trump may have to liquidate assets to secure the bond, as using real estate as collateral may not be attractive.

Pros

  • Trump is vowing to appeal the ruling and is prepared to post a bond exceeding $400 million.
  • The legal process is ongoing, and Trump's lawyer is working on securing the necessary bond.
  • Trump's net worth is estimated to be around $2.6 billion as of February.

Cons

  • Trump's status as a potential U.S. president may deter bond companies from working with him.
  • The process of securing an appeal bond and potential liquidation of assets could be challenging for Trump.