Trump's lawyers say it's "a practical impossibility" to secure $464 million bond in time
CBSN
Lawyers for former President Donald Trump say he's unlikely to secure a bond for the nearly half-billion he and other defendants need to pause a judge's February ruling in a New York civil fraud case.
They're asking an appeals court to stay the judgment while Trump challenges it. The judgment, with accrued interest, saddled the defendants with a $464 million tab. In a nearly 5,000-page filing on Monday, Trump's lawyers wrote that "a bond requirement of this enormous magnitude—effectively requiring cash reserves approaching $1 billion....is unprecedented."
They called the finding "grossly disproportional" to the offenses Trump and others were found liable for, specifically a decade-long scheme to defraud banks and insurers using overvaluations of properties and Trump's net worth.
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