NewsBite

Trump catches a break in multimillion-dollar fraud case

Matthew Cranston

Washington | A New York court has allowed Donald Trump to post just $US175 million ($268 million) to hold off enforcement of a $US454 million fraud judgment, cutting the former president a major break in his legal and financial woes.

The panel of judges also granted Mr Trump a 10-day pause on handing over the new bond, in a significant reprieve. The deadline for enforcement was set to expire, paving the way for New York Attorney-General Letitia James, who brought the fraud case, to start seizing Mr Trump’s real estate and bank accounts.

Loading...
Matthew Cranston was The Australian Financial Review’s United States correspondent. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com

Read More

Latest In North America

Fetching latest articles

Most Viewed In World

    Original URL: https://www.afr.com/world/north-america/trump-gets-lifeline-in-civil-fraud-case-20240326-p5ff6u