Trump unable to get $464M appeal bond to stop collection, attorneys say: 'Practical impossibility'
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Former President Trump has not been able to secure a $464 million appeal bond he needs following a New York civil fraud judgment against him, his attorneys say.
In a court filing Monday, his lawyers said obtaining one is a "practical impossibility under the circumstances presented."
In late February, a New York Appeals Court judge denied Trump’s request to delay payment of the $464 million owed as a result of Attorney General Letitia James’ lawsuit, but said he will temporarily allow the 2024 front-runner and his sons to continue running their business during the appeals process.
Trump and his sons Donald Trump Jr. and Eric Trump were barred earlier that month from operating their business in New York for a range of two to three years. Trump was also found liable for hundreds of millions of dollars in damages in the civil fraud case brought against him, his family and the Trump Organization by James.
NEW YORK APPEALS COURT ALLOWS TRUMP, SONS TO CONTINUE RUNNING BUSINESS, DENIES REQUEST TO DELAY PAYMENT
The filing Monday says "ongoing diligent efforts have proven that a bond in the judgment’s full amount is ‘a practical impossibility.’"
"These diligent efforts have included approaching about 30 surety companies through 4 separate brokers," the filing says. "A bond requirement of this enormous