TeamDML offers insights, opinions, podcasts, videos and other forms of content intended to educate and better explain trending news that is made available to the public by third parties. In this particular case, we refer to an excerpt from NYPost.com:
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.
Trump’s legal team reportedly said they have approached 30 surety companies through four separate brokers to obtain a bond, and have had no luck.
Gary Giulietti, an executive with insurance brokerage the Lockton Companies, who Trump has hired to help obtain a bond, said a bond for the full $464 million “is not possible under the circumstances presented.”
Giulietti explained that many sureties will not issue bonds above $100 million, and only cash or securities could be used as collateral – not real estate.
Trump’s legal time has requested that he be allowed to post a $100 million bond while he appeals the judgment.
Trending Politics co-owner Collin Rugg announced:
JUST IN: Donald Trump is unable to secure a $454 million bond while he appeals the New York civil fraud judgment.
According to Trump’s lawyers, it is impossible to post the full bond after they spoke to 30 underwriters.
“Defendants’ ongoing diligent efforts have proven that a bond in the judgment’s full amount is ‘a practical impossibility. These diligent efforts have included approaching about 30 surety companies through 4 separate brokers,” a filing said.
Trump’s net worth is estimated to be about $2.6 billion and he claims he has about $400 million in cash.
JUST IN: Donald Trump is unable to secure a $454 million bond while he appeals the New York civil fraud judgment.
According to Trump’s lawyers, it is impossible to post the full bond after they spoke to 30 underwriters.
“Defendants’ ongoing diligent efforts have proven that a… pic.twitter.com/SPVy3M3Xwd
— Collin Rugg (@CollinRugg) March 18, 2024
MSNBC gloated over the news, noting that New York Attorney General Letitia James has vowed to seize his assets if he doesn’t come up with the money:
BREAKING: Donald Trump has been unable to get a bond for the $464 million judgment in his New York civil fraud trial, his lawyers say pic.twitter.com/HhcVcFTulQ
— MSNBC (@MSNBC) March 18, 2024
Trump-hating liberal actor Rob Reiner snarled, “There’s a reason why Trump can’t secure a loan to post a bond for the 454 million dollar judgment against him for Fraud. Because every bank in the world knows he’s a Fraud.”
There’s a reason why Trump can’t secure a loan to post a bond for the 454 million dollar judgment against him for Fraud. Because every bank in the world knows he’s a Fraud.
— Rob Reiner (@robreiner) March 18, 2024
Legal expert Jonathan Turley wrote, “Trump appears to be hitting roadblocks to secure the bond needed for his appeal in New York. The excessive judgment itself makes it difficult to secure any review – a perverse incentive for judges like Justice Arthur Engoron.”
Trump appears to be hitting roadblocks to secure the bond needed for his appeal in New York. https://t.co/m3kwkno8K5 The excessive judgment itself makes it difficult to secure any review – a perverse incentive for judges like Justice Arthur Engoron. https://t.co/OT6qYwXk8t
— Jonathan Turley (@JonathanTurley) March 18, 2024
Democrats are celebrating. The group “Occupy Democrats” wrote:
BREAKING: CNN drops bombshell, reveals that Trump’s lawyers just told the New York appeals court overseeing the his civil fraud case that Trump “can’t find an insurance company to underwrite his bond to cover” his $454 million bond.
But it gets even WORSE for Trump…
CNN also reports that “Trump’s attorneys said he has approached 30 underwriters to back the bond, which is due by the end of this month.”
Adding insult to injury, Trump’s lawyers told the judge that “the amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude,”

CNN’s report continues, “The insurance broker, Gary Giuletti, who testified for Trump during the civil fraud trial, signed an affidavit stating that securing a bond in the full amount “is a practical impossibility.”Potential underwriters are seeking cash to back the bond, not properties, according to Trump’s lawyers.”
Now, Trump’s lawyers are desperately begging the appeals court to “delay posting the bond until his appeal of the case is over, arguing that the value of Trump’s properties far exceed the judgment.”
Unfortunately for Donald Trump, everyone now knows that he grossly over values his properties — and insurance companies want cash instead of overvalued, fraudulent properties as collateral.
Please RT and if you’re thrilled that Donald Trump is going broke —
BREAKING: CNN drops bombshell, reveals that Trump’s lawyers just told the New York appeals court overseeing the his civil fraud case that Trump “can’t find an insurance company to underwrite his bond to cover” his $454 million bond.
But it gets even WORSE for Trump…
CNN also… pic.twitter.com/GjYyKCfRpa
— Occupy Democrats (@OccupyDemocrats) March 18, 2024
In a podcast last month, DMLNewsApp and TeamDML.com founder Dennis Michael Lynch suggested that if the State of New York seizes Trump’s assets, it will only boost him in the polls and make people more determined than ever to vote for him.
DML also predicted that Trump would win on appeal and get his assets back.
★ (Ep.44) Trump needs half a billion dollars before he can appeal NY case
To get more information about this article, please visit NYPost.com. To weigh in, leave a comment below.
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