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Trump Pays $175 Million Bond to Avert Asset Seizure.
In: Bloomberg.com, 2024-04-02, S. N.PAG
Online
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Zugriff:
Former President Donald Trump has paid a $175 million bond to prevent the seizure of his assets while he appeals a civil fraud verdict. The bond, posted with a Manhattan appeals court, temporarily halts the enforcement of a $454 million penalty that was imposed on Trump for lying about his assets to obtain better loan terms. Trump still remains responsible for the full amount, plus interest, if his appeal is unsuccessful. The bond was arranged by Knight Specialty Insurance Co., and its payment allows both sides to focus on the appeal process, which could take several months or longer to resolve. [Extracted from the article]
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Trump Pays $175 Million Bond to Avert Asset Seizure.
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Autor/in / Beteiligte Person: | Larson, Erik |
Zeitschrift: | Bloomberg.com, 2024-04-02, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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