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Al Jazeera
Al Jazeera
Politics

Trump deadline to pay $454m looms: Here is what happens next

Donald Trump Letitia James Arthur Engoron Gregory Germain New York Truth Social
Trump, who is a candidate in November's presidential election, must either pay out of his own pocket or post a bond while he appeals the judgement against him for manipulating his net worth [File: Seth Wenig/AP]

Former United States President Donald Trump has until Monday to post a bond covering a $454m civil fraud judgement or face the risk of New York state seizing some of his marquee properties.

In a February 16 ruling, Judge Arthur Engoron found the real estate developer had overstated the value of his assets. Trump was ordered to pay the money he gained from lying in financial statements to dupe lenders and insurers.

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