The former president must come up with a bond by Monday to cover the fine from the New York civil fraud verdict.
Donald Trump is facing a key deadline on Monday in the fight to stop his properties from being seized by authorities following his New York civil fraud trial.
In February, Judge Arthur Engoron ruled that Trump had to pay roughly $454 million, with interest included, in penalties for fraud.
The ruling stated that Trump and executives at the Trump Organization inflated the value of his assets to obtain more favorable terms from lenders and insurers. The lawsuit, brought by New York Attorney General Letitia James, initially sought $250 million in damages, but she later increased this figure to $370 million, plus interest.
The former president has been seeking a bond of $464 million to cover his fines and the disgorgement for his sons Eric and Donald Jr., who were co-defendants in the case. Disgorgement requires a party who benefits financially from illegal or wrongful acts to give up any profits they made as a result of that conduct.
Now, Trump has until March 25 to come up with a bond amount or the New York AG could begin seizing some of his assets.
