‘This is an outrage’: Donald Trump mired in financial nightmare as court deadline nears Donald Trump has less than a week left before a nightmare scenario is triggered, placing his most beloved financial assets at risk. March 19, 2024
Former US president Donald Trump is facing a nightmare financial scenario, with the court-imposed deadline fast approaching for him to front up a massive bond, and his lawyers now insisting he cannot provide it.....
...They included supporting testimony from Gary Giuletti, an executive at the insurance firm Lockton Companies, who said Mr Trump’s efforts “included reaching out to virtually every major surety in the market and spending countless hours negotiating with one of the largest insurance companies in the world”.
“Despite scouring the market, we have been unsuccessful in our effort to obtain a bond for the judgment amount,” Mr Giuletti said.
“Obtaining an appeal bond for $US464 million is a practical impossibility under the circumstances presented.”
Mr Trump’s cause is not helped by the nature of the judgment against him. Securing a bond would require him to provide an insurance company with information about his finances – the very same sort of information he’s lied about in the past, according to the court ruling...
