Donald Trump is unable to pay a New York judge a bond to repay $454 million in fines imposed on him for financial fraud at his real estate group after he was convicted in a civil trial in February. His lawyers made the relevant statement yesterday, Monday 18/3. In a nearly 5,000-page court document posted online yesterday by the appellate division of New York federal court in Manhattan, the defense for the Republican former US president argues that posting bail for the staggering amount is “virtually impossible.” “The amount awarded, with interest, exceeds $464 million, that is, $355 million plus $100 million in interest for Donald Trump and $8 million plus interest for his sons, Donald Jr. and Eric, and very few (insurance) companies would provide guarantee insurance of this size”, protested the lawyers, clarifying that they contacted around thirty insurance companies. This […]
Source: News Beast
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