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Trump unable to post bond for $454M US civil judgment, his lawyers say

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Donald Trump’s lawyers told a New York appellate court Monday that it’s impossible for him to post a bond covering the full amount of his $454 million US 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.” Thirty surety companies through four separate brokers had been approached in order to obtain a bond, they said.

With interest, Trump owes $456.8 million. In all, he and co-defendants including his company and top executives owe $467.3 million. To obtain

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This story was originally published on  CBC News. To read the rest of this news worthy story, please visit https://www.cbc.ca/news/world/trump-civil-judgment-appeal-bond-1.7147264?cmp=rss.

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