Donald Trump is unable to post a bond covering the full amount of his $454 million civil fraud judgment while he appeals, his lawyers told a New York appellate court on Monday.
In a court filing Monday, his lawyers said obtaining a bond that size is a “practical impossibility under the circumstances presented.”
Here is what to know about his appeal bond and why he owes it:
Trump’s appeal bond
Trump is appealing a civil fraud verdict from February in which a judge found he lied about his wealth as he grew the real estate empire that launched him to stardom and the presidency.
The appeal, though, does not automatically halt enforcement of the judgment – which requires Trump to pay $355 million in penalties. But Trump is also on the hook to pay interest on the penalties, which puts his current total owed in this case at $456.8 million.
Trump was ordered to post bond covering the full amount to pause enforcement of the judgment while he appeals, meaning he has until March 25 to either pay up or buy a bond covering the full amount.
Source: https://www.fox5dc.com/news/trump-appeal-bond-cant-pay-civil-fraud-judgment
