Former President Trump has been ordered by a New York judge to pay $350,000 in damages for fraudulently inflating the values of his properties. This ruling comes after a recent civil case where he lost and was ordered to pay $55 million in damages. The former president has the option to file an appeal within 30 days, but he will need to provide a bond to secure the funds for the appeal.
There is uncertainty surrounding whether the former president will appeal the judgment, as he has not yet filed an appeal in another recent civil case involving the E. Jean Carroll case. With the total amount of damages now reaching $355 million, questions arise about Trump's financial capacity to cover these legal losses.
In a deposition last year, Trump claimed to have around $400 million in liquid assets. However, the accuracy of this claim remains unclear. To proceed with an appeal, he will need to demonstrate his financial ability by providing cash or assets to secure a bond for the appeal process.
The timeline for Trump's decision on appealing these legal losses remains uncertain. As the deadline approaches for him to notify the court of his appeal intentions, the focus shifts to whether he can meet the financial requirements to pursue further legal action in these cases.
