Trump
Trump’s lawyers have confirmed that he was unable to raise the nearly half-billion-dollar bond for his civil fraud trial in New York, citing a “practical impossibility.”
Filed a week before it is due, the motion also suggested angering former President Trump—who last month recorded $454 million penalties from a jury of his peers. Asking appeals courts to stay that August 11 Judgement or accept only $100 million in bonds on it, Donald Trump is hoping for still more leniency.
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In the Monday court filing, Trump’s lawyers said the former president has been unable to raise the whole bond despite “diligent efforts.” These have included approaching approximately 30 companies; but still, according to them, he has encountered “insuperable obstacles.”
The judge in the civil fraud case, Arthur F. Engoron, levied the penalty and other sanctions against Trump having found that Trump fraudulently inflated his net worth so he could get beneficial loans. A lawsuit brought by New York’s assistant attorney general, Letitia James NY AG v. Trump, poses a major threat to Trump’s finances.
He’ll need to post an appeal bond even more than $454 million — possibly more than $500 million to take interest into account — if he is to avoid having Ms. James seize all over him when her forfeit date comes March 25.
