Surety experts have told Business Insider that Trump would need to set aside $500 million in cash to secure the appeal bond he needs.
Donald Trump cannot afford to post an appeal bond covering the $456 million he now owes New York state from last month's civil fraud judgment, his lawyers said in a court filing Monday.Trump has just one week to secure the $1 billion in cash reserves needed to convince a company to write the $464 million bond needed to cover the judgments for the former president and his three fraud-trial co-defendants, the filing argues.
Securing such a high bond in time to meet a March 18 deadline "is a practical impossibility," despite "Defendants' ongoing diligent efforts," they wrote the massive, 4,919-page filing.
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