Former President Donald Trump is under pressure as he faces a Monday deadline to secure a $454 million bond in his New York fraud case. This requirement comes as a result of a court judgment, and if Trump fails to meet it, Attorney General Letitia James is prepared to seize his assets to compensate for the owed amount.
In a recent interview with Fox News, Eric Trump, the former president’s son, expressed frustration, claiming that every lender they approached ignored their appeal for the bond. He stated that top executives of major surety companies had never encountered a request of this magnitude and seemed incredulous at the prospect. Eric Trump’s remarks sparked widespread mockery on social media, with netizens poking fun at the situation and suggesting that the Trump family’s business practices might be to blame for their difficulties.
Despite the public ridicule, Trump’s legal team is working tirelessly to secure the multimillion-dollar bond before the deadline. The sum owed by Donald Trump personally, along with his sons Eric and Donald Jr., as well as the Trump Organization, and accrued interest, totals $463.9 million. This hefty amount puts various assets, including buildings, residences, vehicles, helicopters, and even his jet, at risk of seizure.
Experts speculate that the focus of asset seizure might primarily target Trump’s bank accounts, as they are more readily accessible. CNN reports that efforts are underway to ensure compliance with the court’s judgment and avoid potential confiscation of assets by Attorney General James.
The outcome of this deadline and Trump’s ability to secure the required bond will undoubtedly have significant implications for his ongoing legal battles and financial standing. As the deadline looms closer, all eyes are on the former president and his legal team as they navigate this critical juncture in the New York fraud case.
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