Former President Donald Trump is unable to secure a multimillion-dollar bond to cover penalties he owes in a civil fraud case in New York, his attorneys said in a court filing Monday.
Trump and his former Trump Organization associates owe the state $464 million, including penalties, and while Trump is appealing the ruling against him, he must still guarantee the full amount by March 25. Posting a bond would allow Trump to do this while his appeal proceeds.
“The practical impossibility of obtaining a bond interferes with Defendants’ right to appeal and threatens this Court’s appellate jurisdiction,” Trump’s attorneys wrote.
They argued that “very few bonding companies” would even consider providing a bond “of anything approaching that magnitude.”
They asked the appellate division of the New York Supreme Court to stay the judgment, issued last month by Judge Arthur Engoron.
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