What happens if Trump can’t pay his $454 million civil fraud penalty?

People walk by 40 Wall Street, a Trump-owned building in downtown Manhattan on March 19, 2024 in New York City. Former U.S. President Donald Trump has reportedly been unable to secure a bond to appeal the $454 million penalty in his civil fraud case, with New York Attorney General Letitia James stating that she is prepared to seize the former president’s assets, if he is unable to pay.

Spencer Platt/Getty Images

For this episode of Trump’s Trials, NPR’s Ailsa Chang speaks with NPR’s Andrea Bernstein.

Former President Donald Trump is claiming he cannot secure a bond for roughly half a billion dollars to cover the judgment from his New York civil fraud trial. Lawyers for Trump claim they approached 30 companies and four brokers and none were willing to give Trump the $454 million bond. Trump has until March 25th to file the bond or risk having some of his assets seized.

Source: npr

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