It has been noted that some major Republican donors were working together to help U.S. presidential candidate and former President Donald Trump fund the original bond amount needed to cover his $454 million civil fraud judgment ahead of Monday’s deadline via Yahoo.
Former Republican President Trump is required to pay a bond in a New York civil case in which he was found liable for fraudulently inflating his net worth by billions of dollars to secure better loan and insurance terms.
It is noted that on Monday he won a bid to delay the enforcement of the judgment if he posts a smaller $175 million bond within 10 days. However, until that last-minute reprieve he appeared to be struggling to raise the original amount and risked having his properties seized.
Billionaire hedge fund founder John Paulson was seemingly involved in the behind-the-scenes effort by donors concerned about Trump’s legal woes and looking to help provide money toward the bond. Oil and gas magnate Harold Hamm was also involved, one of those sources said.
Paulson, the founder of Paulson & Co, did not immediately respond to requests for comment. Reached by phone and asked about his involvement, Hamm, the founder of oil company Continental Resources, appeared to hang up. A spokesperson for Hamm did not respond to requests for comment.
In response to a request for comment, Trump campaign spokesperson Steven Cheung said “there was no coordinated effort.” He added that Trump had “more than enough cash” to pay the judgment in full.
After Monday’s court decision allowing a smaller bond, Trump said he would now be able to pay.
