Trump unable to make $464m bond in civil fraud case, say his lawyers – live
0Trump unable to make $464m bond in civil fraud case, say his lawyers – live
Trump unable to make $464m bond in civil fraud case, say his lawyers
Donald Trump has been unable to get a bond to secure the $464m New York civil fraud judgment against him, his lawyers said in a court filing.
The filing on Monday states that obtaining a bond has proven to be “a practical impossibility”, adding that “diligent” efforts made to secure a bond have included “approaching about 30 surety companies through 4 separate brokers” and “countless hours negotiating with one of the largest insurance companies in the world.”
These efforts have proven that “obtaining an appeal bond in the full amount” of the judgment “is not possible under the circumstances presented,” the filing states