Trump Says Paying $465 Million Fraud Bond is a ‘Practical Impossibility’ in New Court Filing

Colby HallMar 18th, 2024, 11:10 am

AP Photo/Mary Altaffer

Lawyers for former President Donald Trump admitted in a new court filing that he cannot secure a bond on his $464 million civil fraud judgment.

In a Monday court filing, Trump’s legal team wrote that “posting a full undertaking is a practical impossibility.”

The filing explains that Trump is having difficulty finding any company underwrite a bond of this size, with his lawyers stating, “The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude.”

Just Security’s Adam Klasfeld first broke the news, and further reported: “Trump wants oral argument on the matter — and if the intermediate appeals court denies a stay of the ~$464M civil fraud judgment again, they want to take it to the state’s highest court.”

News

Trump’s attorneys tell a New York appeals court that “Posting a Full Undertaking Is a Practical Impossibility,” seeking to stay execution of the ~$464M civil fraud judgment.

Doc https://t.co/COb47uF6JG pic.twitter.com/W6RMUCjKhM

— Adam Klasfeld (@KlasfeldReports) March 18, 2024

Trump has long claimed to be a billionaire many times over, but those claims have long been questioned given his history of inflating his worth.

Colby Hall - Founding Editor

Colby Hall is the Founding Editor of Mediaite.com. He is also a Peabody Award-winning television producer of non-fiction narrative programming as well as a terrific dancer and preparer of grilled meats.