Trump’s trials infographic
Graphic shows trials that Donald Trump is facing.
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POLITICS

Trump’s trials and tribulations

By Duncan Mil

March 19, 2024 - Former President Donald Trump is unable to raise an appeal bond to prevent New York’s attorney general from seizing his real estate assets to satisfy a $454 million civil fraud judgment.

Judge Arthur Engoron ordered Trump to pay $454 million in damages and interest after being found liable for financial fraud after overvaluing his properties to obtain favourable loans.

Trump’s lawyers said he has been unable to find a company willing to cover the appeal bond. They said they’ve approached over two dozen companies through four separate brokers and have spent “countless hours negotiating” without securing an underwriter.

The lawyers wrote, “defendants’ ongoing diligent efforts have proven that a bond in the judgment’s full amount is a practical impossibility.”

Earlier, on March 5, Trump posted a $91.6 million bond to appeal the $83.3 million in damages a jury ordered him to pay to writer E. Jean Carroll for defamation by denying her sexual assault allegations.

Trump has until March 25 to post the bond and prevent New York Attorney General Letitia James from collecting the court-ordered damages while he appeals.

Sources
PUBLISHED: 19/03/2024; STORY: Graphic News; PICTURES: Getty Images
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