Legal experts are weighing in on Donald Trump’s options after attorneys for the former president said he has not been able to secure a $464 million appeal bond.
Legal experts are weighing in on Donald Trump’s options after attorneys for the former president said he has not been able to secure a $464 million appeal bond he needs following a New York civil fraud judgment against him.
Trump’s lawyers wrote in a Monday court filing that obtaining the nearly half-a-billion appeal was a «practical impossibility under the circumstances presented.»
David Gelman, a criminal defense attorney and a former deputy district attorney, called the judgment a «unicorn.» He argued that the judge should give Trump a lot more leeway to satisfy the bond because «not even the richest man in the world has $464 million lying around.»
A New York Appeals Court judge denied Trump’s request late last month to delay payment of the $464 million owed as a result of the lawsuit brought by New York State Attorney General Letitia James, but said he would temporarily allow the 2024 front-runner and his sons to continue running their business during the appeals process.
A New York Appeals Court judge previously ruled that the former president must post a bond for the full amount of the judgment and that an independent director of compliance will be appointed.
That ruling comes after New York Judge Arthur Engoron handed down his decision earlier in February after a months-long trial beginning in October in which the former president was accused of inflating his assets and committing fraud in financial documents.
