Donald Trump is facing 'insurmountable difficulties' in obtaining a bond to satisfy the $464 million civil fraud judgment, his attorneys said Monday.
Aaron Katersky and Peter CharalambousDuring a Donald Trump speech in Ohio, the ex-president said, while addressing the auto industry, there would be a "bloodbath" if he doesn't win 2024.is facing "insurmountable difficulties" in obtaining a bond to satisfy the $464 million civil fraud judgment, his attorneys said Monday in a new appellate court filing.
While Garten said Trump is "financially stable" and maintains "substantial assets," the magnitude of the judgment would require him to use his real estate as collateral for the bond. So far, according to Garten's affirmation, no surety bond provider approached by Trump is willing to accept real estate as collateral, including Chubb, the insurance giant underwriting Trump's bond in the E. Jean Carroll case.Trump family judgments in civil fraud case.
According to the filing, Gary Guilietti -- the president of insurance surety Lockton Companies who testified in Trump's defense at trial -- has helped coordinate the Trump Organization's outreach to bond companies. Guilietti said in an affidavit that surety companies have not allowed the Trump Organization to use its properties as collateral, leaving the company with the only option of posting 120% of the bond in the form of cash and cash equivalents, totaling $557,491,716.
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