Trump Ordered to Pay $453.5M in NY Fraud Case, Asset Seizure Looms

February 22, 2024
Trump Ordered to Pay $453.5M in NY Fraud Case, Asset Seizure Looms
  • Former President Donald Trump has been ordered to pay $453.5 million in fines and interest in a New York civil fraud case.

  • NY Supreme Court Justice Arthur Engoron rejected a request to delay the judgment against Trump, stating lack of justification for the postponement.

  • Trump and his two sons are banned from serving as officers in any New York business for a period due to being found liable for fraud.

  • The judgment initiates a 30-day period for Trump to appeal, during which he must pay $355 million plus approximately $100 million in interest or secure a bond.

  • If Trump cannot pay, the New York Attorney General is prepared to request asset seizure to cover the fines.

  • The defense claims the Attorney General is rushing the judgment, but the judge plans to sign off on it, potentially escalating Trump's financial liabilities to half a billion dollars by August 2025.

Summary based on 23 sources


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