Center for Political Awareness

Trump’s Lawyers say He Can’t Post $464 Million Bond: What Happens Next

Former President Trump has less than a week to secure a half billion-dollar bond or risk the seizure of his assets as he challenges a trial court’s finding. (Click image for article.)

Former President Trump has less than a week to secure a half billion-dollar bond or risk the seizure of his assets as he challenges a trial court’s finding that he conspired to alter his net worth for tax and insurance benefits.

A New York judge found Trump liable for fraud last year ahead of a months-long trial that ended with the judge imposing a massive $464 million penalty on the Trump Organization. 

Trump’s lawyers admitted Monday that despite the former president’s “diligent efforts,” it is “impossible” for him to secure a full appeals bond in that amount due to lack of cash on hand.

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