Published 4 months ago

Trump posts $175 million bond in civil fraud case, averting asset seizures

Trump posted a $175 million bond in his New York civil fraud case to stop collection of the $454 million debt, according to a court filing.
More than 30 bonding companies refused to accept cash and real estate as collateral for the bond needed in Trump's case.
Trump claims the financial statements used to secure loans undervalued his wealth, denies any wrongdoing, and has faced legal debts totaling millions.

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BBC News

Trump posts $175m bond in New York fraud case

An appeals court gave him a reprieve after he could not secure a bond for the full $464m penalty

4 months ago·United Kingdom

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The Guardian

Trump posts $175m bond in civil fraud case and averts asset seizures

Former president was found liable in February for fraudulently inflating his net worth to secure better loan and insurance termsDonald Trump posted a $175m bond in his New York civil fraud case on Monday, averting asset seizures by state authorities that could have hobbled the former US president’s business empire.Trump, to face Joe Biden in the November US election, was found liable on 16 February for fraudulently inflating his net worth by bil…

4 months ago·London, United Kingdom

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The Hindu

Donald Trump posts $175 million bond in civil fraud case, averts asset seizures

The bond prevents New York Attorney General Letitia James from going after the former president's properties, including Trump Tower, his 370-acre resort and golf course in Westchester and his Mar-a-Lago estate in Florida.

4 months ago·India

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CTV News

Donald Trump has posted a US$175 million bond to avert asset seizure as he appeals N.Y. fraud penalty

Donald Trump posted a US$175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing.

4 months ago·Canada

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