Trump Says Posting $454 Million Bond in NY Fraud Case 'A Practical Impossibility' – Bloomberg
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Trump Legal Troubles:
Donald Trump said he reached out to the world’s biggest insurance companies to seek help in arranging an appeal bond covering the $454 million verdict against him in New York’s civil fraud suit, and none would take his real estate as collateral. They all want cash and Trump says he doesn’t have enough.
The real estate mogul and former president will be forced to hold a “fire sale” of his properties to raise enough cash if the bond isn’t waived while he challenges the verdict, Trump said in a filing Monday with a New York appeals court. The appeal bond is due March 25 if the requirement isn’t put on hold.