Trump unable to finance an appeal bond for at least $450 million, lawyers say

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The former president’s lawyers said in a court filing that Trump and the Trump Organization has been unable to get a surety company to accept property as collateral.

By Shayna Jacobs and Jonathan O'Connell, The Washington PostRepublican presidential candidate and former President Donald Trump gestures toward the crowd at a campaign rally, Saturday, March 16, 2024, in Vandalia, Ohio.

The former president’s lawyers said in the filing that Trump and the Trump Organization, the real estate hospitality and golf resort company he solely owns, has been unable to get a surety company to accept property as collateral - stalling any efforts to obtain a bond that is due to be posted in a week.

The legal team behind the Trump, a Republican campaigning against President Biden in the 2024 election, recently failed to get an emergency appeals judge to put off the 30-day deadline the attorney general has imposed to give the company time to fulfill its appeal bond obligation. That judge also rejected an offer of a $100 million bond in lieu of the full amount. A full panel will soon examine the same issues.

 

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