Igor Bobic is a senior HuffPost reporter who covers Congress, the White House, and political campaigns. He can be reached at [email protected] and is on Twitter @igorbobic.
is in a huge bind. He can’t scrounge up enough cash to post a bond in his New York civil fraud case, where he faces a penalty of more than $454 million.
Trump was convicted of civil fraud last month for falsifying Trump Organization business records for decades. He was ordered by a New York judge to pay $355 million — the amount gained from the fraud plus interest. But the self-described billionaire has failed to convince 30 insurance companies to secure a bond needed to appeal the case, and now he’s facing the possibility that state authorities seize his properties in New York to cover the bill instead.
“This job has been a very expensive hobby. I’m afraid I’m not very liquid myself,” Sen. Thom Tillis said Wednesday. And Sen. Kevin Cramer said that “it’d be my honor” to contribute if Trump called him and asked for financial support. “I mean, it would take a lot of couple of bucks,” he said.
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