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The $454 million judgment that a New York judge imposed on Mr. Trump in his civil fraud case took effect on Friday, placing the former president in a precarious position.
Now, he must either come up with the money quickly or persuade a company to post a bond on his behalf, essentially vouching for him to the court with an I.O.U.
The bond is likely to be his best bet: Mr. Trump, who also faces an $83.3 million judgment in an unrelated defamation case, does not have enough cash on hand to do it all himself, according to a recent New York Times analysis of his finances.
https://www.nytimes.com/2024/02/24/nyregion/trump-fraud-trial-penalty.html
Now, he must either come up with the money quickly or persuade a company to post a bond on his behalf, essentially vouching for him to the court with an I.O.U.
The bond is likely to be his best bet: Mr. Trump, who also faces an $83.3 million judgment in an unrelated defamation case, does not have enough cash on hand to do it all himself, according to a recent New York Times analysis of his finances.
https://www.nytimes.com/2024/02/24/nyregion/trump-fraud-trial-penalty.html