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NEW YORK (AP) — Former President Donald Trump could find out Monday how New York state aims to collect over $457 million he owes in his civil business fraud case, even as he appeals the verdict that led to the gargantuan debt.
Days before a deadline to block enforcement of a $464m judgment against him, Donald Trump claims he has nearly $500m “in cash” despite his own attorneys telling a New York appeals court that he can’t come up with the money.
The clock is ticking.
As Donald Trump approaches his $464m bond payment deadline on Monday, social media users have come together to coin yet another nickname for the former president: “Don Poorleone.”
Donald Trump faces the severe risk that New York's attorney general will begin trying to collect a $454 million civil business fraud judgment against him on Monday unless an appeals court gives the former president a last-minute reprieve. Trump's son Eric, a co-defendant in the fraud case, accused Attorney General Letitia James on Sunday of trying to bankrupt his father with the judgment. Donald Trump's lawyers have said he is unable to pay for an appeal bond that would prevent the AG from collecting the judgment as he seeks to overturn the fraud verdict — and James told an appeals court last week that it should reject his request to pause the judgment from taking effect. "They're trying to deprive him of his cash, they want to bankrupt him, they want to hurt him so badly," Eric Trump told Fox News in an interview. Read more CNBC politics coverage Democrats cite AI gains and automation in S
Former President Donald J. Trump, with a deadline fast approaching to secure a roughly half-billion-dollar bond in his civil fraud case in New York or risk seizure of his assets and flagship properties, sent an email on Saturday morning to his campaign’s supporters.
The Republican Party’s nominee to face President Joe Biden could be facing a financial crisis on top of a mountain of legal obligations, including 88 criminal charges, with at least one criminal trial and verdict expected before Election Day.
Days before a deadline to block enforcement of a $454m judgment against him, Donald Trump claims he has nearly $500m “in cash” despite his own attorneys telling a New York appeals court that he can’t come up with the money.