Trump Asks To Post $100 Million Bond Instead Of Paying Full $464 Million In Civil Fraud Case
HuffPost
The former president’s lawyers cast the judgment as “draconian” while hinting that Trump may not have enough cash on hand to cover it in full.
Donald Trump’s lawyers on Wednesday asked a New York appeals court to stay the $464 million judgment the former president owes as recompense for decades of financial fraud in the state, offering instead to post a $100 million bond while they appeal the ruling.
Trump already owes more than $100 million in interest payments alone ― a total that grows by more than $100,000 a day.
In their filing, Trump’s lawyers cast the judgment as “draconian” while hinting that Trump may not personally have enough cash on hand to cover it in full.
“The exorbitant and punitive amount of the Judgment coupled with an unlawful and unconstitutional blanket prohibition on lending transactions would make it impossible to secure and post a complete bond,” Trump’s defense lawyers wrote. “Appellants nonetheless plan to secure and post a bond in the amount of $100 million.”
Manhattan Supreme Court Judge Arthur Engoron ordered Trump and his associates to pay more than $350 million in damages earlier this month, noting “their complete lack of contrition and remorse borders on pathological.”
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