"Trump's Legal Battle: The Challenge of Securing a Massive Appeal Bond"

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Source: Fox Business
"Trump's Legal Battle: The Challenge of Securing a Massive Appeal Bond"
Photo: Fox Business
TL;DR Summary

Former President Trump is facing difficulty in securing a $454 million appeal bond to prevent the seizure of his properties by the New York Attorney General following a civil fraud judgment. Trump's lawyers claim that obtaining the bond is practically impossible as the Trump Organization has been turned down by around 30 surety companies, with none willing to accept property as collateral. The Attorney General has threatened to begin seizing Trump Organization properties if the bond is not secured by Monday, while Trump's attorneys argue that the bond requirement is unprecedented for a private company.

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