Donald Trump simultaneously claims he’s much wealthier than a court says but too broke to appeal the judgment that threatens to take away those very riches.
In a court filing written with glaring irony, Donald Trump’s lawyers on Monday revealed that the real estate tycoon has failed to secure the gigantic, half-billion dollar bond required to temporarily halt the New York Attorney General from seizing his properties after he lost a bank fraud trial. The deadline clock is now ticking, with only a week left until AG Letitia James can ask a judge for permission to start grabbing Trump’s Monopoly board portfolio. The former president has until Sunday, March 24, to obtain what amounts to a massive loan—with a surety company guaranteeing to the court that Trump will pay his financial penalty if he ultimately loses the case on appeal.
In a court filing, defense lawyers claimed that they’d been turned away by “about 30 surety companies through 4 separate brokers.” Meanwhile, an executive at a company that claims to be “the largest privately held insurance brokerage firm in the world” informed the court that obtaining the bond is “not possible under the circumstances presented.”