Trump Fails to Secure $464 Million Bond in New York Civil Fraud Case

TL/DR –

Lawyers for former President Donald Trump stated they cannot post a $464 million bond in a New York civil fraud case, thereby preventing the NY Attorney General’s Office from collecting the judgment against Trump while he tries to appeal. Trump and his adult sons were ordered to pay $355 million plus interest for over a decade of fraud, conspiracy, and issuing false financial statements and business records. If Trump fails to secure the bond or obtain a delay, NY Attorney General Letitia James could begin collecting the damages against Trump, possibly seizing his assets, including bank accounts and real estate holdings.

Trump Lawyers Dub $464M Bond in NY Fraud Case ‘Impossible’

On March 18th, 2024, Donald Trump’s lawyers deemed it unfeasible to post a $464 million bond necessary for the New York civil fraud case, obstructing the NY Attorney General’s Office from collecting the judgment against him during his appeal. Trump was previously denied by 30 bond companies.

In February 2024, Trump and his adult sons were mandated to pay $355 million in damages coupled with interest over decades of financial fraud and conspiracy.

NY civil case defendants are obliged to post a 110% bond of the judgment sum during appeal. However, Trump’s lawyers reported in their filing the difficulty of securing such a high-valued bond without significant assets from Trump.

Trump only has until March 25th to secure the bond. Failing to do so, NY Attorney General Letitia James may start collecting damages even during the appeal, including potentially seizing Trump’s assets to cover the judgment.

Trump has been indicted in four criminal cases and two civil cases, including this fraud case. More details on the cases Trump is involved in can be found here.

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