President Donald Trump has filed an appeal requesting to reduce or hold off collecting the bond amount of $454 million to cover a civil “fraud” judgment.
However, New York’s Democrat Attorney General Letitia James, who led the politically motivated get-Trump case, has called on the appeals court to reject the 45th president’s request.
Trump has been ordered to post a liquid bond, in cash or securities, to cover the full amount of the fine to pause enforcement of the judgment.
However, 30 surety companies told Trump they would not accept real estate assets as collateral, Trump’s lawyers said Monday.
The size of the fine, issued by radical anti-Trump Judge Arthur Engeron, is so large that it is unprecedented.
As his lawyers have pointed out, even successful large companies such as Trump’s simply don’t have almost half a billion dollars in liquid cash available.
James could seek to freeze some of his bank accounts and properties if Trump cannot post the $454 million bond.
Enforcement against Trump could begin as soon as next week, on March 25.
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