Donald Trump can't secure $454 million bond in the New York fraud case: Lawyers say it's impossible to come up with the cash

Donald Trump's lawyers told a New York appellate court Monday that it's impossible for him to post a bond covering the full amount of his $454 million civil fraud judgment while he appeals.

The former president's lawyers wrote in a court filing that 'obtaining an appeal bond in the full amount' of the judgment 'is not possible under the circumstances presented.'
They revealed they had spoken to 30 underwriters to back the bond, which is due next week. Their efforts included 'countless hours of negotiating with one of the biggest insurance companies in the world'.

With interest, Trump owes $456.8 million. In all, he and co-defendants including his company and top executives owe $467.3 million. To obtain a bond, they would be required to post collateral worth $557 million, Trump's lawyers said.

'Defendants' ongoing diligent efforts have proven that a bond in the judgment's full amount is 'a practical impossibility,'' the filing said. 'These diligent efforts have included approaching about 30 surety companies through 4 separate brokers.'