Donald Trump’s lawyers say it is impossible for him to post bond covering $454M civil fraud judgment
Image via AP.

Donald Trump court
Trump has until March 25 to pay the judgment or obtain a court order known as a stay which would prevent enforcement while he is appealing.

Donald Trump’s lawyers told a New York appellate court Monday that it’s impossible for him to post a bond covering the full amount of a $454 million civil fraud judgment while he appeals.

The former President’s lawyers wrote in a court filing that “obtaining an appeal bond in the full amount” of the judgment “is not possible under the circumstances presented.”

Trump’s lawyers asked the state’s intermediate appeals court to overturn a previous ruling requiring that he post a bond covering the full amount in order to halt enforcement while he appeals the judgment in New York Attorney General Letitia James’ lawsuit.

With interest, Trump owes $456.8 million. In all, he and co-defendants, including his company, sons Eric and Donald Trump Jr. and other executives, owe $467.3 million. To obtain a bond, they would be required to post collateral worth $557 million, Trump’s lawyers said.

Trump is appealing Judge Arthur Engoron ruling in February that he, his company and top executives, including his sons, schemed for years to deceive banks and insurers by inflating his wealth on financial statements used to secure loans and make deals.

Among other penalties, the judge put strict limitations on the ability of Trump’s company, the Trump Organization, to do business.

Trump has until March 25 to pay the judgment or obtain a court order known as a stay which would prevent enforcement while he is appealing. James, a Democrat, has said she will seek to seize some of Trump’s assets if he is unable to pay.

James’ office declined comment Monday on Trump’s inability to secure a bond.

In a court filing last week, Senior Assistant Solicitor General Dennis Fan wrote that a full bond was necessary, in part, because Trump’s lawyers “have never demonstrated that Mr. Trump’s liquid assets — which may fluctuate over time — will be enough to satisfy the full amount of this judgment following appeal.”

Trump’s lawyers asked the intermediate appeals court, the Appellate Division of the state’s trial court, to consider oral arguments on its request, and they preemptively sought permission to appeal a losing result to the state’s highest court, the Court of Appeals.

Trump is asking a full panel of the Appellate Division to stay the judgment while he appeals. His lawyers previously proposed posting a $100 million bond, but Appellate Division Judge Anil Singh rejected that after an emergency hearing on Feb. 28. A stay is a legal mechanism pausing collection of a judgment during an appeal.

Singh did grant some of Trump’s requests, including pausing a three-year ban on him seeking loans from New York banks.

An insurance broker friend enlisted by Trump to assist in obtaining a bond wrote in an affidavit filed with the court that few bonding companies will consider issuing a bond of the size required.

The remaining bonding companies will not “accept hard assets such as real estate as collateral,” but “will only accept cash or cash equivalents (such as marketable securities).”

“A bond of this size is rarely, if ever, seen. In the unusual circumstance that a bond of this size is issued, it is provided to the largest public companies in the world, not to individuals or privately held businesses,” broker Gary Giulietti wrote.

Giulietti, who acts as an insurance broker for Trump’s company, testified at Trump’s civil fraud trial as an expert witness called by the former President’s defense lawyers. In his ruling, Engoron observed that some of Giulietti’s testimony was contradicted by other witnesses, including a different defense expert.

Engoron wrote that in his more than 20 years as a judge, he’d “never encountered an expert witness who not only was a close personal friend of a party, but also had a personal financial interest in the outcome of the case for which he is being offered as an expert.” He noted that Giulietti’s company collected $1.2 million in commissions on its Trump accounts in 2022.

Trump appealed on Feb. 26, a few days after the judgment was made official. His lawyers have asked the Appellate Division to decide whether Engoron “committed errors of law and/or fact” and whether he abused his discretion or “acted in excess” of his jurisdiction.

Associated Press


  • Impeach Biden

    March 18, 2024 at 3:34 pm

    The responses here should be wildly entertaining.🤣

    • Fully Defunded International Embarrassment

      March 18, 2024 at 4:55 pm

      Lawyers for Donald Trump said on Monday he could not post a bond covering the full amount of the $454m civil fraud judgment against him while he appeals the New York ruling, because to do so was “a practical impossibility” after 30 surety companies turned him down.

    • Fully Defunded International Embarrassment

      March 18, 2024 at 4:56 pm

      You’ll never keep that single-wide.

  • JD

    March 18, 2024 at 4:08 pm

    Let him put up or shutup. That loophole-loser needs to get one in the ass for the team to show he’s accountable for the bad shit he does like the rest of us.

    • Fully Defunded International Embarrassment

      March 18, 2024 at 4:57 pm

      30 companies!

      Try a payday loan office in Palatka!


  • Julia

    March 18, 2024 at 4:12 pm

    US Dollar 2,000 in a Single Online Day Due to its position, the United States offers a plethora of opportunities wq50 for those seeking employment. With so many options accessible, it might be difficult to know where to start. You may choose the ideal online housekeeping strategy with the help qw04 of this post.

    Begin here>>>>>>>>>>>>>>

  • Michael K

    March 18, 2024 at 5:59 pm

    Let’s see: Trump’s real estate is grossly overvalued – hence no surety – and the only bank that would lend him money was Deutsche Bank – but even they stopped. New Yorkers are well aware of his record of stiffing contractors, not paying bills, and exaggerating his wealth. He brought all this on himself. Remember his scam “university” and scam “foundation?” Perhaps his friend Putin will throw him a lifeline – or the Saudis who gave Jared Kushner $2 billion.

  • Flash Light

    March 18, 2024 at 6:19 pm

    A responsible business owner would have worked harder to keep his company solvent, pay creditors, reduce debt burden, and maintain solid credit relations.
    It appears none of these things have happened with this defendant, who bankrupted prior casino businesses.
    Not exactly a Chamber of Commerce poster boy.

  • False

    March 18, 2024 at 7:13 pm

    If he doesn’t put it up he knows not a single thing will happen to him. It’s not a criminal case, it’s civil. The only recourse they have is to sue him again, tack on more penalties, he appeals again, and round and round it goes, all for nothing.
    Plus, pretty sure he does not have to come up with a full $454M. Bonds demand a portion (usually 10% -20% of the total of the bond) which his supporters would gladly raise from sales of red hats and gold shoes, or CPAC can throw another Dictator Barbie party, or he can ask his kids for their allowance back, or Ivanka to use child labor in China, or could sell national security secrets from his bathroom files which may possibly be copies along with scans of his….
    He can also easily liquidate capital, which is where his money is tied up, anyway. [Trump maintains that he is worth several billion dollars and testified last year that he had about $400 million in cash, in addition to properties and other investments.] The whole claim is more obfuscation and just another stall tactic. The legal system will be tested. Again. This is why using the civil suit route is weak. It just goes on and on and nothing happens.

Comments are closed.


Florida Politics is a statewide, new media platform covering campaigns, elections, government, policy, and lobbying in Florida. This platform and all of its content are owned by Extensive Enterprises Media.

Publisher: Peter Schorsch @PeterSchorschFL

Contributors & reporters: Phil Ammann, Drew Dixon, Roseanne Dunkelberger, A.G. Gancarski, Anne Geggis, Ryan Nicol, Jacob Ogles, Cole Pepper, Gray Rohrer, Jesse Scheckner, Christine Sexton, Drew Wilson, and Mike Wright.

Email: [email protected]
Twitter: @PeterSchorschFL
Phone: (727) 642-3162
Address: 204 37th Avenue North #182
St. Petersburg, Florida 33704