Donald Trump’s lawyers told a New York appellate court Monday that it’s impossible for him to post a bond covering the full amount of his $454 million civil fraud judgment while he appeals.
The former president’s lawyers wrote in a court filing that “obtaining an appeal bond in the full amount” of the judgment “is not possible under the circumstances presented.”
This means that Trump’s New York properties could be seized if he cannot pay a financial penalty linked to his New York civil fraud trial.
The warning comes from New York Attorney General Letitia James, who presented the case against Trump. She is ready to seize property if Trump cannot produce the money.
Judge Arthur Engoron ruled that Trump had been dishonest about his wealth over many years while creating his successful real estate empire. Despite the ruling, Trump denies any wrong-doing and plans to contest the decision.
Read the full story at The Express.
