- Donald Trump has not shown that he has enough cash to cover the full amount of a $464 million civil fraud judgment if he loses on appeal, New York Attorney General Letitia James warned.
- Trump’s attorneys have tried to stay the enforcement of the fraud judgment by offering to get a $100 million bond.
- Trump’s finances could be further drained by his other civil and criminal legal battles, including an $83.3 million penalty for defaming writer E. Jean Carroll, James argued.
Former President Donald Trump has not shown that he has enough cash to cover the full amount of a $464 million civil fraud judgment if he loses his appeal, New York’s chief law officer warned in a court filing Monday evening.
New York Attorney General Letitia James raised that concern as she argued that Trump and his co-defendants should be required to post cash or bonds covering the entire fraud judgment, if they want to pause it from coming due while they challenge the ruling.
“Defendants have never demonstrated that Mr. Trump’s liquid assets—which may fluctuate over time—will be enough to satisfy the full amount of this judgment following appeal,” James told a New York appeals court.
www.cnbc.com/2024/03/12/new-york-ag-questions-trump-cash-reserves-in-464-mln-fraud-appeal.html