ABC: Trump To Offer $100M Bond In $465M Judgment

ABC News reports:

Lawyers for former President Donald Trump are seeking to pause the enforcement of the penalties in his civil fraud trial, telling the court that he intends to post a bond of only $100 million — well short of the $464 million judgment ordered by Manhattan Supreme Court Judge Arthur Engoron.

Engoron’s judgment ordered Trump to pay a $355 million fine, plus interest, and blocked him from running any New York-based company, including his own, for three years. In a court filing Wednesday, Trump’s lawyers argued that the penalties are “unprecedented and punitive.”

In the filing, Trump’s lawyers said that posting a bond to cover the entire judgment would not only be impossible but also unnecessary given the preexisting oversight provided by the Trump Organization’s independent monitor.

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NEW: Lawyers for former Pres. Trump intend to post a bond of only $100 million against the $464 million judgment in his civil fraud case, arguing the penalty is “unprecedented.” https://t.co/XstnAiAg5L

— ABC News (@ABC) February 28, 2024