Trump May Have to Mortgage or Sell Real Estate to Cover $464 Million Fraud Verdict

Former President Faces Full Bond Amount After Appeals Court Ruling

Judgment Officially Entered, Impacting Trump's Business Holdings

Former President Donald Trump is facing a hefty financial burden after an appeals court ruled that he must come up with the full bond amount to cover the $454 million verdict in a civil fraud trial. The judgment, which was officially entered at $464 million, will force Trump to tap into his real estate holdings to secure the bond.

In a statement released on Tuesday, Trump indicated that he may be forced to mortgage or sell parts of his real estate business holdings to cover the judgment. This move could significantly impact the former president's vast real estate portfolio, valued at billions of dollars.

Trump's legal team had previously argued that the bond should be reduced or eliminated entirely, citing the former president's financial situation and his inability to immediately raise the full amount. However, the appeals court rejected these arguments, stating that Trump must meet the full obligation of the judgment.

The civil fraud trial stemmed from allegations that Trump and his company, the Trump Organization, fraudulently inflated the former president's net worth and assets by billions of dollars. The jury found in favor of the plaintiffs, the New York attorney general's office, awarding them a total of $454 million in damages.

The judgment adds to the mounting legal woes faced by Trump, who is also under investigation by the U.S. Department of Justice for his role in the January 6th Capitol riot and his handling of classified documents.