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Former President Donald Trump’s lawyers told an appellate court that it is not possible for Trump to post an appeal bond covering the full $454 million civil fraud judgment against him as he appeals the ruling.
Trump would need to post collateral of over $557 million to obtain such a bond, but his lawyers say after approaching 30 surety companies through multiple brokers, the defendants have been unable to secure a bond of that size given the circumstances.
A lower court judge had ruled Trump must post a bond for the full judgment amount in order for the enforcement of the payment to be paused during the appeal process.
Trump was found to have inflated his net worth to obtain more favorable loan terms and fined over $450 million, which he plans to appeal, but he will still need to pay the fine as a bond to New York State before proceeding with the appeal.
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