Trump's lawyers say it is impossible for him to post bond covering $454 million civil fraud judgment
Donald Trump’s lawyers told a New York appellate court on 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
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.
