Donald Trump fails to secure $690m bond for New York civil fraud case, risking asset seizures

  • 📰 abcnews
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 83%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Thirty surety companies rejected the former US president and others' applications for a bond to pay off the judgement. He has until March 25 to pay the amount in full.

Thirty companies rejected bond applications by Donald Trump, two of his adult children and other Trump Organization executives.He has until March 25 to either pay the sum in cash or post a bond, or risk the state seizing Trump Organization's assets.

Mr Trump, two of his adult children and other Trump Organization executives had so far approached the 30 companies through four separate brokers without success, his lawyers said on Monday . Mr Trump, 77, has denied wrongdoing and vowed to appeal the judgement, which threatens his family's real estate empire.

Mr Giulietti said many sureties would not issue bonds above $US100 million and were willing to accept only cash or securities — not real estate — as collateral. He has also pleaded not guilty in four criminal cases stemming from his efforts to overturn his 2020 loss to Mr Biden, his handling of government documents after leaving office in 2021, and hush money paid before his 2016 election win to a porn star who said she had a sexual encounter with him.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines