A legal expert has weighed in on Donald Trump's options after his legal team failed to secure a $464 million appeal bond that he needed following a New York civil fraud judgment against him.
In a Monday, March 18 court filing, Trump's lawyers wrote that obtaining the nearly half-a-billion dollar bond was a "practical impossibility under the circumstances presented."
"The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude," Trump's legal team wrote, with the $464 million figure including the disgorgement for his adult sons Don Jr. and Eric.
In a post on Truth Social, Trump claimed the size of the bond is "unConstitutional, un-American, unprecedented, and practically impossible for ANY Company, including one as successful as mine."
"The Bonding Companies have never heard of such a bond, of this size, before, nor do they have the ability to post such a bond, even if they wanted to," he added.
Criminal defense attorney David Gelman told Fox News that the judgment was a "unicorn," arguing that the judge should give Trump more leeway to satisfy the bond because "not even the richest man in the world has $464 million lying around."
