Trump must cover full $454 million fraud verdict but can now obtain New York bank loan: Appeals court

An appellate court in New York on Wednesday denied Donald Trump‘s effort to halt the judgment in his civil fraud case, forcing the former president to post a bond to cover more than $454 million in the weeks ahead.

The ruling by Judge Anil Singh requires Trump by default to post a bond for the full judgment of $454 million, though it does allow him to secure a New York bank loan — a reversal of the lower court decision that barred him from seeking such loans for three years. The decision comes after Trump’s lawyers had said he was prepared to post a $100 million bond, saying that was the maximum amount he could post without selling off some of his real estate assets.

Former President Donald Trump attends the closing
Read more…

Please follow and like us: