The deadline is next Tuesday, March 25, according to reports I have read. After that, Letitia James can commence seizing Trump Assets to satisfy the judgment. Trump filed a motion seeking to have the appeal bond amount reduced from roughly $525 million to (I believe) $100 million. I am not sure whether there has been a response from the court on that motion.
Trump's attorneys have stated that they approached 30 different insurers who are in the business of issuing surety bonds (appeal bonds are one form of surety bonds). All 30 have declined, in part because they apparently do not want to take real estate as collateral for an appeal bond. A half a billion dollar appeal bond is surely a ginormous bond to issue, and the surety would have considerable exposure on it.
Trump has now put out fundraising appeals premised on the need to raise money for his appeal bond, attorneys' fees, and other legal expenses. A link to a report on that is set forth below. If Trump's net worth is composed almost entirely of real estate, then I can't see him qualifying for an appeal bond of anywhere near a half a billion dollars without very significant financial assistance from either one or more well heeled GOP donors or a foreign source like Saudi Arabia, the U.A.E., or Russia. The prospects for a serious conflict of interest could hardly be greater.
www.msnbc.com
Trump's attorneys have stated that they approached 30 different insurers who are in the business of issuing surety bonds (appeal bonds are one form of surety bonds). All 30 have declined, in part because they apparently do not want to take real estate as collateral for an appeal bond. A half a billion dollar appeal bond is surely a ginormous bond to issue, and the surety would have considerable exposure on it.
Trump has now put out fundraising appeals premised on the need to raise money for his appeal bond, attorneys' fees, and other legal expenses. A link to a report on that is set forth below. If Trump's net worth is composed almost entirely of real estate, then I can't see him qualifying for an appeal bond of anywhere near a half a billion dollars without very significant financial assistance from either one or more well heeled GOP donors or a foreign source like Saudi Arabia, the U.A.E., or Russia. The prospects for a serious conflict of interest could hardly be greater.
Trump pleads for donations, citing threat of losing Trump Tower, as bond deadline looms
Earlier this week, his lawyers said they had been rejected by 30 bond companies that wouldn't accept real estate as collateral.
www.msnbc.com
