Donald Trump's Bond Rejection in New York Civil Fraud Case
Former President Donald Trump's attempt to secure a bond to cover a $454 million judgment in a New York civil fraud case has been rejected by 30 surety companies, bringing him closer to the possibility of having his properties seized.
Key Points
- Trump faces a $454 million judgment for misstating property values in a civil fraud case.
- His appeal hinges on either paying the sum or posting a bond to avoid property seizure.
- Multiple attempts to secure a bond have been unsuccessful.
- The judgment poses a threat to Trump's real estate assets.
Pros
- Trump's lawyers are actively seeking ways to stave off the state's seizure of his properties.
- Trump maintains his innocence and continues to appeal the judgment against him.
Cons
- The rejection of the bond application by 30 surety companies poses a significant challenge for Trump.
- The mounting legal troubles could potentially impact Trump's family's real estate empire.