Trump’s lawyers say it is impossible for him to post bond covering $454 million civil fraud judgment
Donald Trump is facing four criminal indictments, and a civil lawsuit. You can track all of the cases here.
NEW YORK (AP) — Donald Trump’s lawyers told a New York appellate court Monday that it’s impossible for him to post a bond covering the full amount of his $454 million civil fraud judgment while he appeals.
The former president’s lawyers wrote in a court filing that “obtaining an appeal bond in the full amount” of the judgment “is not possible under the circumstances presented.”
With interest, Trump owes $456.8 million. In all, he and co-defendants including his company and top executives owe $467.3 million. To obtain a bond, they would be required to post collateral worth $557 million, 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 judgment, which is to begin on March 25.
<bsp-list-loadmore data-module="" class=«PageListStandardB» data-gtm-region=«related coverage» data-gtm-topic=«No Value» data-gtm-modulestyle=«List B»> <bsp-custom-headline custom-headline=«div»> related coverage </bsp-custom-headline> <bsp-custom-headline custom-headline=«div»> Donald Trump wanted trial delays, and he’s getting them </bsp-custom-headline> <bsp-custom-headline custom-headline=«div»> Prosecutor leaves Georgia election case against Trump after relationship with district attorney </bsp-custom-headline> <bsp-custom-headline custom-headline=«div»> Trump’s legal debts top a half-billion dollars. Will he have to pay? </bsp-custom-headline> </bsp-list-loadmore>Judge Arthur Engoron ruled in February that Trump, his company and top executives, including his sons Eric and Donald Trump Jr., schemed for years to deceive banks and insurers by