New York Attorney General Letitia James could soon start seizing some of Donald Trump’s properties if the former president cannot come up with a $464 million bond in his civil fraud case.
On Monday, Trump’s lawyers filed a document in court saying they are unable to secure the bond amount, which has increased from $454 million because of interest, in the civil fraud case brought by James.
Last month, Trump was ordered by Judge Arthur Engoron to pay the fine in a judgment that said he inflated the value of his assets and properties on financial statements to banks and insurers while trying to get loans and make deals.
Newsweek reviewed a document from the attorney general’s office that lists properties owned by Trump that had “fraudulent” and “misleading” values and could end up seized:
In a post to his Truth Social account this week, Trump criticized the judgment handed down by Engoron and said he may have to sell some of his properties to come up with the bond amount.
"Judge Engoron actually wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision.
The original article contains 374 words, the summary contains 192 words. Saved 49%. I’m a bot and I’m open source!
This is the best summary I could come up with:
New York Attorney General Letitia James could soon start seizing some of Donald Trump’s properties if the former president cannot come up with a $464 million bond in his civil fraud case.
On Monday, Trump’s lawyers filed a document in court saying they are unable to secure the bond amount, which has increased from $454 million because of interest, in the civil fraud case brought by James.
Last month, Trump was ordered by Judge Arthur Engoron to pay the fine in a judgment that said he inflated the value of his assets and properties on financial statements to banks and insurers while trying to get loans and make deals.
Newsweek reviewed a document from the attorney general’s office that lists properties owned by Trump that had “fraudulent” and “misleading” values and could end up seized:
In a post to his Truth Social account this week, Trump criticized the judgment handed down by Engoron and said he may have to sell some of his properties to come up with the bond amount.
"Judge Engoron actually wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision.
The original article contains 374 words, the summary contains 192 words. Saved 49%. I’m a bot and I’m open source!