"Trump's Financial Woes Leave Him Unable to Secure $450 Million Appeal Bond"

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Source: The Washington Post
"Trump's Financial Woes Leave Him Unable to Secure $450 Million Appeal Bond"
Photo: The Washington Post
TL;DR Summary

Donald Trump and the Trump Organization have been unable to secure a surety company to issue an appeal bond for over $450 million to cover a judgment in the New York attorney general’s business fraud case against him. With a deadline looming, Trump's legal team is seeking a reprieve from an appellate court to prevent the state from seizing assets. The inability to secure the bond has put Trump's financial outlook in jeopardy, and if the bond isn't posted, New York state officials can begin seizing his assets. Trump's lawyers are calling it a "practical impossibility" to post the bond under the circumstances, and are seeking permission to send the issue to the state’s highest court for review.

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