(RestoreAmericanGlory.com) – Last Monday, former President Donald Trump’s legal team noted in a legal filing that Trump was not able to secure the $464 million bond he needed in the New York fraud case. They further pointed out that one insurance broker had referred to getting a full bond of this amount as practically impossible.
Trump’s attorney as well as his co-defendants in the case have argued in a filing that they couldn’t get the necessary full amount for the appeal bond. They further pointed out that the defendants in their diligent efforts had essentially shown how it was “practical impossibility” for them to secure the full amount of the fine. They further pointed to an affidavit that an insurance broker had signed. The broker had testified for Trump during last year’s trial.
Trump’s attorneys have argued that they have attempted to negotiate with many of the world’s largest insurance companies in order to secure the bond and claimed that these were efforts they had been pursuing even before the judgment had been made.
Trump’s lawyers further argued that the total amount of the judgment with interests amounted to more than $464 million and that there were not many bonding companies that would be willing to ever look at a bond of such magnitude.
Trump had been ordered to pay a total of $454 million earlier this year after Judge Arthur Engoron’s ruling in the civil fraud case. While Trump is attempting to appeal the judgment, the amount will continue to accrue interest. We’ll know today if he’s managed to make any progress. Stay tuned.
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