WTF Community

Day 1154

1/ Trump doesn’t have enough money to post the $464 million appeal bond he owes in his New York civil fraud case, according to a court filing by Trump’s attorneys. Trump needs to post the appeal bond in order to prevent New York Attorney General Letitia James from seizing his real estate assets. Trump’s legal team said they spent “countless hours” contacting about 30 surety companies through four separate brokers to try and raise the money, but none were willing to underwrite the bond. They ultimately concluded that raising the money for the appeal bond was “a practical impossibility.” Trump would need nearly $1 billion in cash reserves in order to convince the companies to help him out, which neither Trump nor the Trump Organization possesses. In the filing, Trump’s lawyers asked a panel of five Manhattan appeals court judges allow him hold off on posting the bond while he appeals the verdict. If the request is denied, AG James could start seizing Trump’s properties on March 25. (CNBC / New York Times / NBC News / CNN / Axios / Wall Street Journal / Washington Post / ABC News)

This is a companion discussion topic for the original entry at
1 Like

This topic was automatically closed 15 days after the last reply. New replies are no longer allowed.