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NEW YORK (Reuters) -Donald Trump has so far been unable to obtain a bond that would allow him to appeal a $454 million judgment against the former U.S. president in a New York civil fraud case without posting the full amount himself, his lawyers said on Monday.
Trump must either find the cash or post a bond to prevent the state's authorities from seizing his properties while he appeals Justice Arthur Engoron's Feb. 16 decision ordering him and co-defendants to pay $464 million in penalties and interest for misstating property values to dupe lenders and insurers.
In a court filing on Monday, the Republican presidential candidate's lawyers urged a mid-level state appeals court to delay enforcement of the judgment, arguing the amount was excessive.
They said the defendants had so far approached 30 surety companies through four separate brokers to obtain a bond.
"Enforcing an impossible bond requirement as a condition of appeal would inflict manifest irreparable injury on Defendants," Trump's lawyers wrote.
https://www.yahoo.com/news/trump-failed-appeal-bond-454-145515245.html
Donald Trump $355M GoFundMe Stalls At $1.3M After A Month Amid Legal Battles
It has been one month since Donald Trump's MAGA supporters began donating to a GoFundMe to help the former president foot his hefty legal bills, particularly those stemming from his New York City fraud trial.
Immediately After Judge Arthur Engoron slammed the former president with a $355 million fine on February 16, MAGA fan Elena Cardone created the fundraiser with the goal of raising the amount that Trump needed.
Although the fundraiser started strong, it has since slowed down drastically, with fewer donations coming in while Trump's bill increases due to a weekly interest.
https://www.yahoo.com/entertainment/donald-trump-355m-gofundme-stalls-010840184.html
Trump must either find the cash or post a bond to prevent the state's authorities from seizing his properties while he appeals Justice Arthur Engoron's Feb. 16 decision ordering him and co-defendants to pay $464 million in penalties and interest for misstating property values to dupe lenders and insurers.
In a court filing on Monday, the Republican presidential candidate's lawyers urged a mid-level state appeals court to delay enforcement of the judgment, arguing the amount was excessive.
They said the defendants had so far approached 30 surety companies through four separate brokers to obtain a bond.
"Enforcing an impossible bond requirement as a condition of appeal would inflict manifest irreparable injury on Defendants," Trump's lawyers wrote.
https://www.yahoo.com/news/trump-failed-appeal-bond-454-145515245.html
Donald Trump $355M GoFundMe Stalls At $1.3M After A Month Amid Legal Battles
It has been one month since Donald Trump's MAGA supporters began donating to a GoFundMe to help the former president foot his hefty legal bills, particularly those stemming from his New York City fraud trial.
Immediately After Judge Arthur Engoron slammed the former president with a $355 million fine on February 16, MAGA fan Elena Cardone created the fundraiser with the goal of raising the amount that Trump needed.
Although the fundraiser started strong, it has since slowed down drastically, with fewer donations coming in while Trump's bill increases due to a weekly interest.
https://www.yahoo.com/entertainment/donald-trump-355m-gofundme-stalls-010840184.html