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.”
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.