Trump’s lawyers say he can’t post $464M bond: What happens next

Former President Trump has less than a week to secure a half billion-dollar bond or risk the seizure of his assets as he challenges a trial court’s finding that he conspired to alter his net worth for tax and insurance benefits.

A New York judge found Trump liable for fraud last year ahead of a months-long trial that ended with the judge imposing a massive $464 million penalty on the Trump Organization. 

Trump’s lawyers admitted Monday that despite the former president’s “diligent efforts,” it is “impossible” for him to secure a full appeals bond in that amount due to lack of cash on hand.

Here’s what happens next as the deadline to post bond approaches.

What does Trump owe? 

Judge Arthur Engoron, who oversaw Trump’s civil fraud trial, ordered the former president to pay a $454 million judgment in line with penalties requested by the New York attorney general’s office, which sued Trump in 2022 over deceitful business practices.