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Donald Trump’s Lawyers Say They Have Been Unable To Secure Bond For $464 Million Fraud Judgment
Attorneys for Donald Trump said that they have been unable to secure a bond as they appeal his $464 million civil fraud judgment. In a filing to the New York appeals court, his lawyers wrote that the amount of the judgment, along with interest, is of such a sum that “few bonding companies will consider […]
“The practical impossibility of obtaining a bond interferes with Defendants’ right to appeal and threatens this Court’s appellate jurisdiction,” Trump’s legal team argued in the filing. Last month, Judge Arthur Engoron ruled that Trump and his companies owed the sum after earlier concluding that he had engaged in fraud by overstating the value of assets to secure more favorable terms from lenders. An appeals court declined to accept a bond of a lower amount of $100 million, although a stay does apply to Trump’s ability to serve as a corporate director or obtain loans.
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