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Former President Donald Trump secures a temporary halt to his $454 million civil fraud judgment by posting a $175 million bond within 10 days. This pause shields his assets from seizure by New York state authorities. Trump maintains innocence, denouncing the case as politically motivated. He faces mounting legal expenses amid upcoming criminal trials, including charges related to his 2020 election loss and financial misconduct allegations.<br/> <br/>#DonaldTrump #Trump #NewYorkCivilFraud #Trumpelection #ElectionFraud #NewYorkCourt #JudgeEngoron #Trumpnews #Trump2024 #USnews #Worldnews #Oneindia #Oneindianews <br/>~PR.152~ED.101~GR.122~HT.96~
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Trump’s Civil Fraud Judgement Bond , Is Reduced to $175 Million.<br/>On March 25, a New York appeals court told Donald Trump that if he can pay $175 million within 10 days.<br/>collection of his $454 million civil fraud judgement will be paused, AP reports. .<br/>The payment would also stop the state from seizing any of Trump's assets during the appeals process. .<br/>A previous ruling that Trump and his sons, Eric and Donald Trump Jr., couldn't serve in corporate leadership for a number of years was also reversed. .<br/>The order, a significant victory for the former president, came just before Attorney General Letitia James was about to begin the process of collecting the judgement, AP reports. .<br/>The order, a significant victory for the former president, came just before Attorney General Letitia James was about to begin the process of collecting the judgement, AP reports. .<br/>The presumptive Republican presidential nominee praised the ruling and criticized Judge Arthur Engoron's initial ruling.<br/>What he’s done is such a <br/>disservice and should never <br/>be allowed to happen again, Donald Trump, via statement.<br/>So I greatly respect the decision <br/>of the Appellate Division, and I’ll post <br/>either $175 billion in cash or bonds <br/>for security or whatever is necessary, <br/>very quickly, within the 10 days. , Donald Trump, via statement.<br/>And I thank the Appellate Division <br/>for acting quickly, but Judge Engoron <br/>is a disgrace to this country, and this <br/>should not be allowed to happen, Donald Trump, via statement.<br/>However, James' office points out that the judgement still stands, even if collection is paused. .<br/>Donald Trump is still facing <br/>accountability for his staggering fraud, Letitia James' office, via statement
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Former President Donald Trump will not have to immediately post a bond for more than $454 million in the civil fraud case against him and his company, an appeals court said Monday, ruling that Trump can delay payment of the full bond while he appeals the ruling as long as he posts a partial $175 million bond within 10 days. The former president could turn to his many rich friends, but none have evidently come to his rescue so far. There are also his wealthy family members: the Kushners. <br/><br/>In 2017, Forbes estimated the net worth of his son-in-law Jared Kushner’s family at $1.8 billion, including $1.1 billion in real estate and $200 million in cash and liquid assets. If that cash appreciated at the same rate as the S&P 500, it would now be worth around $380 million—still not enough to bail out Trump.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2024/03/22/heres-why-the-kushners-are-unlikely-to-help-pay-trumps-bond/?sh=2c6c8f6d1f6c<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Several prominent Republican donors rallied to assist former President Donald Trump fund the bond required for a $454 million civil fraud judgment. Trump was at risk of having his assets seized as he struggled to raise funds to cover a bond for a civil fraud judgment. A court ruling allowed Trump to post a reduced bond of $175 million within 10 days, easing the immediate financial pressure. Notable figures such as billionaire John Paulson and oil tycoon Harold Hamm were mentioned as part of the fundraising effort, though the specifics of their involvement were not disclosed. A Trump campaign spokesperson denied any coordinated effort, claiming Trump had sufficient funds to cover the judgment.
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