A court could begin to collect the hundreds of millions he owes as early as next week, unless he can come up with the money.
Donald Trump cannot find the $557m bond he needs to pause enforcement of a civil fraud trial judgement against him because it is too much money, his lawyers have said. The former president was fined $454m after being found guilty of scheming for years to deceive banks and insurers by inflating his wealth on financial statements used to secure loans and make deals. If he is unable to find the bond amount, his assets could be seized instead, starting as soon as next week.
Mr Trump, who has secured the Republican nomination for this year's general election, has frequently claimed to be worth billions of dollars and last year said he had $400m in cash, in addition to properties and other investments. The real estate tycoon, who is fighting four criminal prosecutions as he prepares to take on President Joe Biden for the White House in November, asked if the court would accept a bond of $100m to stay the judgement, but his proposal was rejected.
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