Former President Trumps Real Estate Troubles

Former president Donald Trump won’t be able to post the full bond required by the ruling in his civil fraud trial, opening himself up to a potential asset seizure by the New York Attorney General.

Trump’s legal team informed an appellate court of his inability to obtain a $464 million bond, Politico reported. Trump’s lawyers said it was a “practical impossibility” to secure such a high bond amount, according to a court filing, adding that they approached 30 different surety companies through four separate brokers.

Trump still has time to secure the full bond amount, though his team’s filing suggests that further efforts will be in vain, especially since bonding companies aren’t interested in taking real estate as collateral. The deadline for Trump to put up the bond is March 25.

An appeals court judge rejected his request to prevent the enforcement of the full judgment, but the issue is going before a full panel of the New York appeals court.

 

___________