'Practically impossible': Trump lashes out hours after revelation he can't pay $464M bond
Donald Trump,Trump Organization,Fraud,Business,Justice,Trump Indictments,Banking And Finance
Donald Trump hit back Monday night after his lawyers revealed he couldn't pay his $464 million fraud trial bond.
In a post to Truth Social, he claimed that it wasn't that he couldn't find a company willing to underwrite a bond of that amount of money — it's that no company possibly could.
His lawyers told the court earlier that day that they had approached 30 underwriters to back the bond, which he needs to pay by the end of the month. And none of them were willing to do so, claiming that property he was offering as collateral wasn't sufficient.
But Trump took to his social media site and claimed that it wasn't that the companies didn't want to offer him the cash.
"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 wrote.
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