Trump Scrambles to Post $464M Bond as NY AG Closes In
March 18, 2024Former 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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Sources
BBC News • Mar 18, 2024
Trump lawyers say getting $464m bond in fraud case an 'impossibility'The Guardian • Mar 18, 2024
Trump lawyers say he can’t post bond covering $454m civil fraud judgmentInsider • Mar 18, 2024
Trump files 5K-page "I can't pay" in New York civil fraud caseTime • Mar 18, 2024
Trump's Lawyers Claim He Can't Post Bond for Civil Fraud Judgment