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International Business Times
International Business Times
World
Nicolas REVISE

Trump Owes $454 Million For Fraud, But Can He Actually Pay It?

Donald Trump built a public profile as a property developer and businessman in New York before entering politics (Credit: AFP)

Donald Trump is up against a fast-approaching deadline to secure a half-billion dollar bond as he appeals his financial fraud case, facing possible bankruptcy or the seizure of his assets if he fails.

The former president, who has clinched the Republican nomination for this year's presidential election, is appealing his $355 million penalty, plus interest, after a New York court ruled that he, his sons and his Trump Organization company lied for years about the value of his assets, deceiving banks and insurers.

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