Former President Donald Trump’s attorneys have claimed the ex-president cannot secure a bond for the more than $454 million he owes in the civil fraud case against him and his company—though the New York attorney general’s office noted Wednesday it’s “not unusual” for parties to secure bonds for even larger amounts, pointing to multiple billion-dollar judgments.
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| Former United States (US) President, Donald Trump |
Trump has been ordered to pay $454.2 million plus interest in the fraud case—which found him and his associates liable for fraudulently misstating the value of assets for personal gain—and his lawyers said in a filing Monday they cannot secure an appeals bond that covers the full amount.
The attorney general’s office, which brought the suit, said Wednesday Trump’s claims were based on a “false premise,” because he could secure multiple bonds to cover the full amount, and claimed it’s “not unusual” for surety companies to provide bonds for even larger amounts, pointing to four examples.
forbes.com
