Trump Legal Woes Continue as He Struggle to Secure Bond in Fraud Case
Former President Donald Trump faces mounting challenges in his legal battles as he struggles to secure a bond in his civil fraud case, his legal team informed a New York appeals court on Monday.
With a $454 million judgment looming, Trump’s lawyers revealed the exorbitant financial hurdle, citing the need for nearly $1 billion in liquidity to both post the bond and maintain his business operations while settling other debts.
They emphasized the impracticality of raising such funds without incurring significant losses, urging the court to intervene and prevent New York Attorney General Letitia James from initiating collection without a bond.
Despite previous rejections by a single judge on the appeals court, Trump’s legal team continues to implore for assistance in navigating this financial quagmire.
Letitia James, meanwhile, remains resolute in her commitment to ensuring payment, hinting at the potential pursuit of Trump’s assets should he fail to meet the court’s requirements.
This latest development adds to Trump’s legal woes, including a recent $83.3 million defamation verdict, further highlighting the financial and legal pressures he currently faces.
