Trump running out of time to secure $464M bond in civil fraud case

Former President Donald Trump is facing a precarious situation as he struggles to post a $464 million bond in a civil fraud case. The ruling by Manhattan Supreme Court Justice Arthur Engoron holds him liable for a decade’s worth of business with fraudulent financial statements that overvalued his real estate holdings and hyped his wealth. If Trump fails to secure the bond by next week, New York Attorney General Letitia James may proceed with collecting while he appeals123.

His lawyers have attempted to get help from approximately 30 surety companies, but securing a bond for the full amount has proven to be a practical impossibility. These companies typically require collateral in the form of cash or cash equivalents, and the total amount needed to collateralize the bond and run the business exceeds $1 billion4. Despite his real estate holdings, including iconic properties like 40 Wall Street, Doral Miami, and Mar-a-Lago, Trump faces significant challenges in meeting this financial obligation