The Hamilton Spectator

Impossible for Trump to post bond of $454M, lawyers say

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NEW YORK Former U.S. president Donald Trump’s lawyers told a New York appellate court Monday it’s impossible for him to post a bond covering the full amount of a $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.”

Trump’s lawyers asked the state’s intermedia­te appeals court to overturn a previous ruling requiring that he post a bond covering the full amount in order to halt enforcemen­t while he appeals the judgment in New York Attorney General Letitia James’ lawsuit.

With interest, Trump owes $456.8 million.

In all, he and co-defendants, including his company, sons Eric and Donald Trump Jr. and other executives, owe $467.3 million.

To obtain a bond, they would be required to post collateral worth $557 million, according to Trump’s lawyers.

Trump is appealing Judge Arthur Engoron’s ruling in February that he, his company and top executives, including his sons, schemed for years to deceive banks and insurers by inflating his wealth on financial statements used to secure loans and make deals.

Among other penalties, the judge put strict limitation­s on the ability of Trump’s company, the Trump Organizati­on, to do business.

Trump has until March 25 to pay the judgment or obtain a court order known as a stay, which would prevent enforcemen­t while he is appealing.

James, a Democrat, has said she will seek to seize some of Trump’s assets if he is unable to pay.

James’s office declined comment Monday on Trump’s inability to secure a bond.

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