Donald Trump has been unable to post a bond covering the full amount of his $454m 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.
With interest, Trump owes $456.8m. In all, he and co-defendants including his company and top executives owe $467.3m, according to AP. To obtain a bond, they would be required to post collateral worth $557m, Trump’s lawyers said.
