Former U.S. President Donald Trump has been granted a 10-day extension to secure a necessary bond in a New York civil fraud case, as he faces a separate legal battle and potential asset seizure.
Former U.S. President Donald Trump has been granted a 10-day extension to secure a $175 million bond in a New York civil fraud case. Originally, Trump was required to pay a full amount of $464 million. Trump, who asserts his billionaire status, has criticized the initial financial demand as “outrageous.”
Additionally, Trump faces a separate legal battle with a trial for his hush money case scheduled to commence on April 15. He has publicly stated his willingness to testify, suggesting that a conviction could paradoxically increase his popularity, while denouncing the trial as a “scam.”
In the event that Trump fails to present the bond within the allotted time frame, New York Attorney General Letitia James has indicated readiness to seize assets belonging to Trump, including the prominent Trump Tower in New York.
Amid these legal challenges, Trump’s digital media venture, Truth Social, is expected to begin trading on the Nasdaq, potentially offering a financial uplift to Trump’s portfolio.
Trump’s management of these legal and financial hurdles has drawn criticism, with detractors accusing him of evading responsibility through unsubstantiated claims. These developments mark a critical juncture in Trump’s post-presidential life, as he navigates through a series of significant legal and monetary challenges.
