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Salon
Salon
Politics
Igor Derysh

Expert flags massive Trump Tower debt

Former President Donald Trump faces a Monday deadline to pay the $454 million judgment in his New York fraud case or post bond in order to appeal it.

Trump’s lawyers said in a court filing earlier this week that the former president has been unable to secure the nearly half-billion-bond despite reaching out to 30 underwriters. New York Attorney General Letitia James, who brought the lawsuit, rejected Trump’s bid to stay the enforcement of the case in a filing on Wednesday, arguing that Trump waited too late to raise the issue and could try to obtain multiple smaller loans. James previously vowed to seize Trump’s assets if he didn’t pay up.

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