Donald Trump’s appeal bond of $454 million is due Monday as part of a penalty he owes for a civil fraud judgment. Here’s what happens if the money hasn’t been secured.
Donald Trump has been unable to post a bond covering the full amount of a $454 million penalty he owes for a civil fraud judgment while he appeals.The deadline for the amount to be paid is Monday, March 24. Last week, lawyers said they were still scrambling to find a bonding company willing to insure the amount, saying more than 30 had already rejected them.
In a court filing, his lawyers said obtaining a bond that size is a "practical impossibility under the circumstances presented."Trump said last week he has almost a half-billion dollars in cash but would rather spend it on his presidential run than on the judgment.
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