The former president says it's "a practical impossibility" to post the $464 million bond in order to appeal his conviction in a civil fraud case.
@#62 ... Are all his properties already mortgaged to the hilt? ...
That's what I'm wondering.
That fmr Pres Trump's properties currently have so many liens upon them that there is not enough free capital available to guarantee the bond's amount.
An odd situation for a person who stated under oath a year ago that he has something like $400 million in cash and that amount is growing quickly.
Trump said he had $400M in cash. Now his lawyers say bond is a struggle.
www.washingtonpost.com
... In a filing Wednesday, Trump's lawyers asked for a delay and offered to post a bond of just $100 million rather than the full amount. They called the full amount a "facially absurd" judgment and added that its terms preventing him from obtaining loans "make it impossible to secure and post a complete bond." ...
In an April 2023 deposition, Trump volunteered that he had "substantially in excess of 400 million in cash."
"Developers usually don't have cash. They have assets, not cash," Trump said. "We have, I believe, 400 plus and going up very substantially every month." ...
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