Trump Scrambles to Post $464M Bond as NY AG Closes In

March 18, 2024
Trump Scrambles to Post $464M Bond as NY AG Closes In
  • Former President Donald Trump is challenged by a $464 million bond requirement tied to a civil fraud judgment from New York Attorney General Letitia James.

  • Trump's legal team claims an inability to produce the bond amount, suggesting his real estate assets as alternative collateral.

  • The defense argues the judgment is 'grossly disproportional,' citing a lack of victims or financial losses.

  • Without securing the bond, Trump faces potential asset seizure after March 25, when the automatic stay on the judgment expires.

  • Trump has previously managed to secure a $91 million bond for a separate defamation case.

  • Despite these financial and legal difficulties, Trump's popularity remains competitive with President Joe Biden in current polls.

Summary based on 34 sources


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