Trump's $454 Million Civil Fraud Judgment
Former President Trump is facing a $454 million civil fraud judgment in New York, which he is appealing. His legal team argues that posting the full bond amount is a 'practical impossibility.' New York Judge Arthur Engoron ruled that Trump must pay over $350 million in damages to the state of New York.
Key Points
- Trump claims innocence and calls the judgment 'communism in America.'
- Trump's legal team argues the bond requirement is unprecedented for a private company.
Pros
- Trump has nearly $500 million in cash, suggesting he has the money to post bond.
- Trump is exploring all legal options to address the judgment.
Cons
- Facing a significant financial burden with the requirement to post a bond of $454 million.
- Legal battle with the New York Attorney General continues.