It Seems Trump Still Has No Idea How to Post That Massive Fraud Bond
Donald Trump still hasn’t posted bond in his New York civil fraud trial, but his lawyer Alina Habba wants you to know that it’s definitely not because they’re having trouble getting the massive amount together.The former president was fined $354 million for committing real estate–related fraud in New York. In order to appeal the decision, Trump must post a bond of the full amount plus interest—which has already reached nearly $467 million, with interest adding $112,000 per day.When asked Wednesday if Trump was any closer to posting bond, Habba had a very clear answer that raised no red flags.“Yeah, no, unfortunately I can’t speak to that. That’s privileged, and I am the attorney, one of the attorneys on that case,” Habba told Fox News, stating the obvious.She quickly pivoted to attacking the case altogether, calling the judgment “absurd” and expressing hope that an appeals court would overturn it.MacCallum: Any closer to getting a bond in the real estate case?Habba: Yeah, no, unfortunately I can't speak to that. That is privileged. pic.twitter.com/EjvCUFtjLI— Acyn (@Acyn) March 13, 2024Trump, who claims to be a billionaire, has tried to delay posting bond and offered to post just $100 million. His efforts have been roundly rejected by the judge who presided over his trial. He has until March 25 to stay the fraud judgment, meaning he would need to put up the money, assets, or an appeal bond to cover the full amount. If he fails to do so, New York Attorney General Letitia James has warned she will start seizing his assets.Despite constantly bragging about how much money he has, Trump appears unable to post bond in his fraud case. He recently launched a line of sneakers and promoted a fan-funded GoFundMe to help with his many legal bills.Last week, Trump finally managed to post the $91.6 million bond in E. Jean Carroll’s defamation lawsuit against him. The bond was guaranteed by the Chubb Corporation—and the insurance group’s customers are already unhappy about it.Chubb CEO Evan Greenberg, whom Trump appointed in 2018 to a White House advisory committee for trade policy and negotiations, sent a letter Wednesday assuring clients that the decision was not a political one and that the company’s assets were “fully collateralized,” or protected against failure of repayment.Trump still owes Carroll $5 million for sexually assaulting her and defaming her a separate time. He also owes $400,000 to The New York Times, thousands of dollars for gag order violations, and $382,000 to Orbis Business Intelligence, the consulting firm owned by former British intelligence officer Christopher Steele. Trump had sued Orbis over a dossier Steele compiled in 2016 that alleged Trump and members of his inner circle had been “compromised” by Russia’s security service.
Donald Trump still hasn’t posted bond in his New York civil fraud trial, but his lawyer Alina Habba wants you to know that it’s definitely not because they’re having trouble getting the massive amount together.
The former president was fined $354 million for committing real estate–related fraud in New York. In order to appeal the decision, Trump must post a bond of the full amount plus interest—which has already reached nearly $467 million, with interest adding $112,000 per day.
When asked Wednesday if Trump was any closer to posting bond, Habba had a very clear answer that raised no red flags.
“Yeah, no, unfortunately I can’t speak to that. That’s privileged, and I am the attorney, one of the attorneys on that case,” Habba told Fox News, stating the obvious.
She quickly pivoted to attacking the case altogether, calling the judgment “absurd” and expressing hope that an appeals court would overturn it.
MacCallum: Any closer to getting a bond in the real estate case?
Habba: Yeah, no, unfortunately I can't speak to that. That is privileged. pic.twitter.com/EjvCUFtjLI— Acyn (@Acyn) March 13, 2024
Trump, who claims to be a billionaire, has tried to delay posting bond and offered to post just $100 million. His efforts have been roundly rejected by the judge who presided over his trial. He has until March 25 to stay the fraud judgment, meaning he would need to put up the money, assets, or an appeal bond to cover the full amount. If he fails to do so, New York Attorney General Letitia James has warned she will start seizing his assets.
Despite constantly bragging about how much money he has, Trump appears unable to post bond in his fraud case. He recently launched a line of sneakers and promoted a fan-funded GoFundMe to help with his many legal bills.
Last week, Trump finally managed to post the $91.6 million bond in E. Jean Carroll’s defamation lawsuit against him. The bond was guaranteed by the Chubb Corporation—and the insurance group’s customers are already unhappy about it.
Chubb CEO Evan Greenberg, whom Trump appointed in 2018 to a White House advisory committee for trade policy and negotiations, sent a letter Wednesday assuring clients that the decision was not a political one and that the company’s assets were “fully collateralized,” or protected against failure of repayment.
Trump still owes Carroll $5 million for sexually assaulting her and defaming her a separate time. He also owes $400,000 to The New York Times, thousands of dollars for gag order violations, and $382,000 to Orbis Business Intelligence, the consulting firm owned by former British intelligence officer Christopher Steele. Trump had sued Orbis over a dossier Steele compiled in 2016 that alleged Trump and members of his inner circle had been “compromised” by Russia’s security service.
