Judge orders Trump company to tell financial watchdog about efforts to get appeal bonds
- Donald Trump's company must tell a court-appointed financial monitor in advance about its efforts to get surety bonds, a judge ruled.
- The Trump Organization has to give that advance notice for any and all financial disclosures it requests, and any information it provides in reply, Judge Arthur Engoron ordered in a court filing in Manhattan Supreme Court.
- The order came as Trump is trying to avoid paying the $454 million judgment against him in that trial, in part by arguing that it is "impossible" for him to get an appeal bond.
A judge ordered Donald Trump's company Thursday to inform a court-appointed financial watchdog about any future efforts to obtain an appeal bond.
Judge Arthur Engoron's order came three days after Trump's lawyers said in a court filing it has been "impossible" for the former president to get such a bond for a civil fraud case he lost.
Trump was seeking the bond to prevent New York's attorney general from collecting on a $454 million civil fraud judgment against him while he appeals the verdict in Manhattan Supreme Court.
His attorneys said more than 30 surety companies rejected Trump's request for a bond.
Attorney General Letitia James can begin seizing Trump's properties next Monday to collect the judgment unless the appeals court grants him a waiver, or unless he manages to secure a bond or puts up real estate as collateral for the court.
In his order Thursday, Engoron told the Trump Organization it must tell its financial overseer, Barbara Jones, "in advance, of any efforts to secure surety bonds."
The company must tell Jones about any claims the Trump Organization makes to obtain the bonds, any personal guarantees by Trump or other defendants, and any condition imposed on the company.
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