Donald Trump has until Monday (25) to post bail as collateral for a $454 million civil fraud judgment or risk New York state seizing some of his important properties.
As a result, Trump, who seeks to regain the American presidency this year, must pay the money out of his own pocket or pay a bond as security while he appeals Judge Arthur Engoron’s February 16 ruling against him for manipulating his net worth and values. of properties from his family real estate company to deceive creditors and insurers.
This Monday morning, Trump wrote on social media that the number defined by Engoron was “fraudulent”.
“It should be ZERO, I DID NOTHING WRONG!”, he said.
The Trump campaign on Friday asked for donations from “one million pro-Trump patriots,” saying the “iconic Trump Tower” was among its properties at risk of seizure.
It’s worth remembering that Trump rose to fame as responsible for glitzy properties like Trump Tower in Manhattan, and is often proud of his financial success — even though his companies have sometimes struggled.
But Trump, the Republican candidate challenging Democratic President Joe Biden in the November 5 US election, now faces a web of financial concerns, including campaign fundraising that is trailing his rival.
The decision in the case was handed down in Manhattan, where Trump properties, such as Trump Tower or 40 Wall Street, could be in the crosshairs of New York Attorney General Letitia James, a Democrat who filed the civil case in 2022.
