Donald Trump Having Problems Over Securing Appeal Bond for $450 Million Fraud Trial Ruling

By Rick Martin First Posted: Feb 22, 2024 10:03 PM EST

Donald Trump's financial woes seem to be continuing as the former president appears to be having trouble securing the $540 million bond he needs to appeal his New York fraud trial ruling as it may erase most of the money he has on hand, forcing him to sell some of his most prized properties.

A massive appeal bond is needed for the former president to appeal his over $450 million fraud trial ruling, with the former president possibly having to foot over $540 million just to appeal, in addition to providing collateral.

However, Neil Pedersen, owner of New York-based surety bond agency Pedersen & Sons, spoke to CNBC and stated that it is "not very attractive to take real estate as collateral," and this means that the former president may be forced to liquidate some assets to secure a bond. In addition to this, the bond company will also charge a fee that could total millions of dollars.

In addition, the appeal could take years to play out. Another factor that could turn off potential bond companies from taking the Trump case is the fact that he is a presidential frontrunner.

"No one's ever had to enforce an indemnity agreement against what could very well be the next US president," said Pedersen, noting that Trump's position might complicate his relationship with whatever bond company he will work with moving forward.

More Bad News for Donald Trump After Judge Denies Latest Delay Attempt

As Trump is having trouble finding a bond company willing to work with him over his fraud trial appeal, New York Supreme Court Justice Arthur Engoron denied his lawyers' request to delay the enforcement of the penalties by 30 days to allow for an "orderly post-judgment process."

"You have failed to explain, much less justify, any basis for a stay," Engoron wrote in an email posted on the court docket. "I am confident that the Appellate Division will protect your appellate rights."

According to ABC News, this latest delay attempt from Trump stemmed from a dispute about the case's judgment order. However, Engoron requested Trump defense attorney Clifford Robert to submit a written response that articulated what would make the defense's judgment different from the proposed order. Robert argued that the New York AG's judgment broke with standard practice and included at least two errors, but Engoron threw this line of argument out.

Lara Trump Suggests Republican Voters Want RNC to Pay for Donald Trump's Legal Fees

Meanwhile, as Donald Trump's legal bills mount, Lara Trump, Donald Trump's daughter-in-law and the woman he wants to co-chair the RNC, is openly admitting that under her, the RNC would be paying her father-in-law's mounting legal bills.

While she was campaigning for him ahead of this month's South Carolina primary, she admitted that she was not familiar with the RNC's rules about paying Donald Trump's legal fees but claimed that GOP voters want to see the Republican party foot the bill for the man that has become infamous for not paying his own legal fees.

"Having someone like me in there I think will go a long way for people. I can assure you that my loyalty is to my father-in-law and I will make sure that every penny is used properly," she told the South Carolina crowd. "It should be going to fight for November 5 for the causes that we care about."

This article is owned by Latin Post.

Written by: Rick Martin

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