Trump lawyers signal civil fraud bond payment is not possible

WASHINGTON (Gray DC) - Former President Donald Trump is making public that he cannot fulfill his obligations after a New York judge ruled against him in a civil fraud trial. The former president is supposed to post bond for nearly $450 million in financial penalties, but his attorneys confirm they can only offer $100 million in bond.

In a statement to the court, Trump’s attorney called the amount of the judgment exorbitant, further complicated, quote, “Lending transactions would make it impossible to secure and post a complete bond.”

In their own filing, New York State Attorney General Letitia James dismissed the appeal by the Trump attorneys, noting, “Defendants all but concede that Mr. Trump has insufficient liquid assets to satisfy the judgment.”

If the court does not accept the $100 million bond, that could put Donald Trump into default with the court, and under New York State law, Attorney General James could seize bank accounts and take control of Trump properties to cover the $450 million total of the judgment.

The former president is appealing this judgment and insists these prosecutions are a witch hunt by the Democrats.

Trump has until March 25 to pay this massive financial penalty, or obtain a stay on the judgment while the appeals proceed.

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