Donald Trump is on the brink of a crucial deadline in a business fraud case, with just a few hours remaining to prevent the seizure of his assets. The former president faces a $464 million penalty for allegedly inflating his net worth, a charge he denies.
If Trump fails to secure a bond or delay the process in court, authorities in New York can freeze his bank accounts or target his properties. A separate legal threat looms as well, with the possibility of a first criminal trial in the Stormy Daniels hush money case.
In the fraud case, Trump’s lawyers have been scrambling to cover the penalty, but last week admitted he had been unable to secure the necessary funds despite approaching numerous financial companies for a bond. The deadline for him to put up the bond expires on Monday.
A New York appeals court is considering Trump’s application for a stay on the judgment, which could potentially provide him with a lifeline. However, if he fails to meet the deadline, New York Attorney General Letitia James has stated her intention to take action against his assets.
Trump’s properties, including the iconic Trump Tower and Mar-a-Lago club, are at risk of seizure. Additionally, his Seven Springs estate in New York’s northern suburbs could be targeted. Despite claims of possessing almost $500 million in cash, Trump’s net worth is estimated to be around $2.6 billion.
With mounting legal troubles, including a defamation case that resulted in an $83 million judgment against him, Trump faces unprecedented legal challenges as the first former president in US history to be criminally charged.
-
Newly Released Footage Reveals Arrest at Miami Airport Newly released body camera footage reveals the arrest of 73-year-old Donna...
-
President Biden’s re-election strategy balances White House proximity with campaign focus in a unique approach to the upcoming election....
-
Jackson Pierce Arrested for Second-Degree Murder and Tampering with Evidence in St. Peters Homicide Case The St. Peters Police...
-
The Trump campaign is optimistic about winning the Iowa caucuses, anticipating a significant margin as a litmus test. A...
-
President Biden takes action in response to attack on U.S. service members Early Christmas morning, three U.S. service members...
-
Neal Brij Sidhwaney Faces Potential Prison Sentence for Voiced Threats Against Unnamed Supreme Court Justice. Neal Brij Sidhwaney, a...
-
Silver Sedan Hits Secret Service Vehicle in Wilmington Incident; President and First Lady Safely Evacuated. President Joe Biden and...
-
Concerns Rise as Inner Circle Signals Retribution Against Opponents and Media Recent statements from key allies within Donald Trump’s...
-
President Biden’s U.S. Fish and Wildlife Service takes crucial steps to protect wolverines in the face of climate change,...
-
President Biden invokes the Defense Production Act to strengthen American supply chains. In a strategic move to fortify American...
-
An alarming surge in harassment prompts security concerns, as court staff, including Judge Engoron and his clerk, grapple with...
-
President Biden adds a touch of humor to the annual Thanksgiving turkey Jokes ceremony. President Joe Biden marked his...