Lawyers for the former president say in a filing that Trump and the Trump Organization, a real estate hospitality and golf resort company that he solely owns, have been unable to get surety companies to accept the property as collateral and are unable to secure the bond. He said that all efforts to acquire it have stalled. Will be posted within a week.
“Chief among these challenges is not only that the vast majority of sureties are unable and unwilling to underwrite this unprecedented amount of bonds; That is true.” every “The surety bond issuers were approached by the defendants to accept real estate as collateral,” Trump's lawyers wrote.
Lawyers supporting Trump, the Republican who is running against President Biden in the 2024 election, recently asked an emergency appellate judge to approve the 30-year-old attorney general's order to give the company time to meet its appeal bond obligations. It was not possible to request that the deadline be extended. . The judge also rejected an offer to set bail at $100 million in lieu of the full amount. The full committee is expected to consider the same issue soon.
Mr. Trump, his company, and several current and former executives were accused in Manhattan state court this year of engaging in illegal activity in which they lied about the true value of assets and sought to obtain false business profits and savings. As such, civil liability was recognized. Ten years.
New York Attorney General Letitia James, who filed the lawsuit, said Trump misstated the value of his real estate and other assets by up to $2.2 billion annually from 2011 to 2021.
This breaking report will be updated.
