New York, Mar 19 (EFE). – Former President Donald Trump (2017-2021) reiterated on Tuesday that he does not have the liquidity to pay the 464 million dollars bail imposed by New York Judge Arthur Engoron unless he resorts to “mortgage or sells great assets, perhaps at fire sale prices.”
After his lawyers argued to Engoron on Monday that their client couldn’t raise that amount, Trump took to his network, Truth Social, on Tuesday to once again lash out at the judge.
Trump said that the judge “wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision,” referring to the bail imposed on Feb. 16 that he must pay before Mar. 25.
“I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!” the former president wrote in his usual all caps.
Attorneys for Trump and his co-defendants in the fraud case argued Monday that it would be impossible to raise that money.
“(The) defendants’ ongoing diligent efforts have demonstrated that posting a bond in the full amount of the judgment is a ‘practical impossibility,’” the attorneys said in the brief to the judge.
In addition, the legal team noted that they have approached approximately 30 insurance companies through four different brokers and have spent “countless hours in negotiations” but have been unsuccessful in securing an insurer.
In New York, defendants in civil cases must post a bond of at least 110% of the judgment amount to delay payment of the fine while they appeal.
Earlier this month, Trump posted a nearly $92 million bond to appeal the $83.3 million in damages a jury ordered him to pay to writer E. Jean Carroll in a separate defamation case for denying her sexual assault allegations. EFE
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