The New York Court of Appeals agreed a week ago to delay the collection of $454 million from Trump if he pays $175 million within ten days.
Trump’s lawyers had asked the court to halt the collection, arguing that it was “virtually impossible” to collect such a large amount.
Trump is fighting to overturn a February 16 ruling that found he lied about his wealth while building his real estate empire.
In a February 16 ruling, the judge found that Trump used a scheme for years to deceive banks and others with financial statements that inflated the former president’s wealth.
The judge ruled that the former president inflated his wealth in financial statements given to banks, insurers and others to close deals and get loans.
The harsh sentence was a victory for New York Attorney General Leticia James, a Democrat, who sued Trump for what she said was not just a harmless boast but years of fraudulent practices as he built an international collection of skyscrapers, golf courses and other properties that brought him wealth, fame and status. In the White House.
