"Trump Seeks $100 Million Bond in New York Fraud Appeal"

1 min read
Source: The Guardian US
"Trump Seeks $100 Million Bond in New York Fraud Appeal"
Photo: The Guardian US
TL;DR Summary

Donald Trump's lawyers have requested a New York appellate court to stop the collection of his $454m civil fraud judgment while he appeals, offering to post a $100m appeal bond instead of the full amount. They argue that a provision in the judge's ruling banning Trump from obtaining loans from New York banks for three years makes it impossible for him to obtain a bond covering the full judgment. The judge's ruling also imposes strict limitations on Trump's company, the Trump Organization, and mandates oversight by an independent monitor. Trump maintains that he is worth several billion dollars and has at least $543.4m in personal legal liabilities from this ruling and two other civil court judgments in the last year.

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