In a recent development, a New York appeals court judge has ruled in a civil fraud case, ordering Donald Trump to pay a staggering $454 million. The judge specified that Trump must post the entire bond amount, including interest, to satisfy the judgment and prevent the New York attorney general's office from taking further action. While this ruling is temporary, additional briefings are expected in the future.
The judge's order mandates that Trump come up with the substantial sum by the end of March. However, the judge did allow Trump to seek loans, contrary to a previous ban that restricted him from borrowing from New York financial institutions or those overseen by New York regulators. This decision opens up avenues for Trump to explore financing options, such as accessing the capital markets or securing loans to meet the financial obligation.
Trump's legal team had argued that obtaining such a significant bond required access to cash, which could only be facilitated through loans or property sales. With the new ruling, Trump now has the opportunity to pursue alternative means of raising the required funds, potentially avoiding the need to sell off assets like Mar-a-Lago or his golf properties.
However, the key question remains whether Trump will be able to secure underwriters for the bond or lenders for the loans. The timeline is pressing, with briefs for the case due by the end of the month, coinciding with the deadline for Trump to fulfill the judgment. Additionally, Trump is scheduled for jury selection in a separate criminal hush money case on March 25th, adding further complexity to his legal challenges.
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