Trump Facing Moment of Truth for Finances in Manhattan Court

NY could start seizing assets if bond isn’t paid during appeal
Trump also set to appear in Manhattan court in hush-money case

WATCH: Former US President Donald Trump is facing a moment of truth for his finances Monday as the deadline to post bond to cover a $454 million civil fraud verdict arrives. Kriti Gupta breaks down the situation.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Erik Larson and Patricia Hurtado

March 24, 2024 at 2:08 PM UTC

Updated on

March 25, 2024 at 2:17 PM UTC

This article is for subscribers only.

As Donald Trump sits in a Manhattan courtroom Monday for a hearing in one of his criminal cases, he also faces a potential moment of truth for his finances: a deadline to either post a bond covering a $454 million civil fraud verdict or risk having New York state start seizing his assets.

The billionaire real estate mogul has been warning for weeks he didn’t have enough cash to cover a bond while he appeals the verdict in a suit by New York Attorney General Letitia James. He’d need 120% of the judgment, or about $545 million. Trump has asked the appeals court to waive the bond to spare him from being forced to hold a “fire sale” of his assets. So far the court hasn’t ruled.