NEW YORK, March 25 — Donald Trump faces a Monday deadline to post a bond to cover a US$454 million (RM2.1 billion) civil fraud judgment or face the risk of New York state seizing...
MCRA: Govt’s plan to delete ‘PR’ in Malaysia’s citizenship laws will affect ‘red IC’ natives’ children the most, remove foundlings’ protection
A view shows the New York Criminal Court in Manhattan where former US President Donald Trump is scheduled to attend a hearing in his criminal court case on charges stemming from hush money paid to a porn star in New York City March 25, 2024. — Reuters picNEW YORK, March 25 — Donald Trump faces a Monday deadline to post a bond to cover a US$454 million civil fraud judgment or face the risk of New York state seizing some of his marquee properties.
The case cuts to the core of his public image as a prosperous businessman. Trump rose to fame as a developer of flashy properties like Manhattan’s Trump Tower and often boasts of his financial success - even though his companies have at times struggled. Taking control of Trump’s properties would pose a host of legal and logistical challenges for the attorney general’s office. Placing liens on them to ensure they are not sold or transferred and going after Trump’s liquid assets would be more straightforward.
During a 2023 deposition by the attorney general’s office, Trump said his companies had more than US$400 million in cash. In a social media post on Friday, he said he had almost US$500 million in cash, but intended to use much of it on his campaign.
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