Former President Donald Trump, who was recently found guilty of sexual assault against E. Jean Carroll, cannot afford to pay the bond in the appeal of his civil judgment in a fraud case.
Photo: Eduardo Munoz Alvarez/AP
Despite his supposed billionaire status, former President Donald Trump cannot afford to secure the bond needed to appeal the civil fraud case he lost earlier this year in New York, his lawyers claimed in court papers filed on Monday.
Trump’s post-presidency has been marked by numerous legal troubles, including criminal investigations, civil lawsuits, and federal charges. These issues include allegations of electoral interference, mishandling classified documents, and tax fraud related to the Trump Organization.
Additionally, Trump faces accusations stemming from “hush-money” payments to adult film star Stormy Daniels during his 2016 campaign, aimed at silencing her claims of an affair, and he was found guilty of sexually assaulting and defaming E. Jean Carroll.
Following a trial for civil fraud in Manhattan led by Attorney General Letitia James, where Trump was found liable for lying to inflate the value of his properties and get more favorable terms on loans, his attorneys reported to a New York appellate court that he could not afford to secure a $464 million bond. They called it a “practical impossibility.”
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