Trump's Empire at Risk Amid $454M Civil Fraud Judgment Woes

March 19, 2024
Trump's Empire at Risk Amid $454M Civil Fraud Judgment Woes
  • Donald Trump's real estate empire faces a potential crisis with a $454 million civil fraud judgment.

  • Trump's legal team has been unable to obtain a $464 million appeal bond from insurance company Chubb.

  • The attorneys have requested an appeals court to temporarily halt the judgment to prevent immediate collection by the New York Attorney General.

  • Challenges in posting a full appeal bond are attributed to surety companies' reluctance to accept 'hard' assets as collateral.

  • Without a stay within the 30-day period, the Attorney General will begin collecting on the judgment.

  • Trump has made unfounded accusations against the judge and New York Attorney General but is permitted to appeal without upfront payment.

  • The case remains unresolved with the future impact on Trump's business empire uncertain.

Summary based on 30 sources


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