Former President Trump has not been able to secure a $464 million appeal bond he needs following a New York civil fraud judgment against him, his attorneys say.
In a court filing Monday, his lawyers said obtaining one is a “practical impossibility under the circumstances presented.”
In late February, a New York Appeals Court judge denied Trump’s request to delay payment of the $464 million owed to the state after Attorney General Letitia James’ lawsuit, but said he will temporarily allow the 2024 front-runner and his sons to continue running their business during the appeals process.
Trump and his sons Donald Trump Jr. and Eric Trump were barred earlier that month from operating their business in New York for a range of two to three years. Trump was also found liable for hundreds of millions of dollars in damages in the civil fraud case brought against him, his family and the Trump Organization by New York Attorney General Letitia James.
Republican presidential candidate former President Donald Trump salutes at a campaign rally Saturday, March 16, 2024, in Vandalia, Ohio. (AP/Jeff Dean)
A New York Appeals Court judge had ruled that the former president must post a bond for the full amount of the judgment and an independent director of compliance will be appointed.
That ruling comes after New York Judge Arthur Engoron handed down his decision earlier in February after a months-long trial beginning in October and stemming from James’ lawsuit alleging the former president inflated his assets and committed fraud.
NEW YORK ATTORNEY GENERAL TRUMP ABOUT INTEREST HE OWES ON CIVIL FRAUD JUDGMENT
Engoron ruled that Trump and other defendants were liable for “persistent and repeated fraud,” “falsifying business records,” “issuing false financial statements,” “conspiracy to falsify false financial statements,” “insurance fraud” and “conspiracy to commit insurance fraud.”
“In a massive victory, we won our case against Donald Trump for engaging in years of incredible financial fraud to enrich himself. Trump, Donald Trump, Jr., Eric Trump, and his former executives must pay over $450 million in disgorgement and interest,” James wrote on X, celebrating on the same day of the judgment.
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On Feb. 23, James, who has denied having a “personal vendetta” against Trump despite remarks suggesting otherwise, posted flatly, “$464,576,230.62.”
This is a developing story. Please check back for updates.
Fox News’ Brooke Singman and Danielle Wallace contributed to this report.
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