Trump’s failure to secure a bond could put his New York properties on the chopping block

Former President Donald Trump is facing a dire financial situation in New York, with a court order demanding he post a bond of approximately $500 million pending his appeal for ill-gotten gains on his properties. Despite efforts by his legal team to secure financing from various entities, none have been willing to take the deal. If Trump fails to come up with the necessary funds, New York Attorney General Letitia James is poised to seize his properties and sell them off to cover his debts.

Legal experts doubt the court will show leniency towards Trump, emphasizing the principle that no one, not even a former president, is above the law. James has made it clear she will aggressively pursue Trump’s assets if he fails to comply with the court’s order. The properties at risk include Trump’s iconic 40 Wall Street building, which was found to have an inflated value by the court. However, the exact timeline and order of property seizures remain uncertain.

Trump’s financial troubles are compounded by his mounting legal challenges, including an $83 million civil judgment and potential criminal charges. Banks, wary of his liabilities, have refused to do business with him, making it difficult for him to secure the necessary funds. Despite his estimated personal wealth of $2.6 billion, much of which is tied up in real estate, Trump’s inability to provide cash collateral has hindered his efforts to obtain a bond. With few options left, Trump is seeking leniency from the court, but the outcome remains uncertain as the legal battle unfolds.