World

Trump unable to secure $464 million bond in New York fraud case

today19 March, 2024

Background

Donald Trump has not been able to get a bond to secure the $464 million fraud judgement against him, according to his lawyers. In February, a Manhattan judge ordered the former President and his co-defendants to pay that amount in damages and interest for violating New York anti-fraud laws. Trump’s team say they have approached thirty underwriters to back the bond – but the companies require cash to back the bond, not properties. Sally Patterson has more.

 

Written by: Leonard Witbeen