Former President Donald Trump attends the closing arguments in the Trump Organization civil fraud trial at New York State Supreme Court in the Manhattan borough of New York, Jan. 11, 2024.
Trump’s counsel argued that paying the full $464 million judgment would be a near-impossible task after being rejected by more than two dozen bond companies. They also contended that Trump would suffer irreparable harm if he had to sell assets to come up with the amount to post a bond before his appeal of the fraud judgment.
Trump denies wrongdoing, and his lawyers have appealed Engoron’s ruling, arguing that the disgorgement amount was unconstitutional and disproportionate and that no parties, including banks, sustained any damages in the process.
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