Lawyers say ‘not possible’ for Trump to post bond in $454m civil fraud case
Al Jazeera
The former US president is appealing a New York ruling that he inflated his wealth to deceive lenders and insurers.
Lawyers for former United States President Donald Trump have told a New York appellate court that it is impossible for him to post a bond covering the full amount of his $454m civil fraud judgement while he challenges the ruling.
The lawyers wrote in a court filing on Monday that “obtaining an appeal bond in the full amount” of the judgement “is not possible under the circumstances presented”.
With interest, Trump — the presumptive Republican nominee for president — owes $456.8m. In all, he and his co-defendants, including his company and top executives, owe $467.3m.
To obtain a bond, they would be required to post collateral worth $557m, Trump’s lawyers said.
A state appeals court judge ruled last month that Trump must post a bond covering the full amount to pause enforcement of the judgement, which is to begin on March 25.
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