Former US President Donald Trump and Republican candidate in the November elections cannot find an insurance company willing to cover the $464 million bond he must pay as security for payment of the fine set by the New York court. in the fraud trial, in the context of the assets illegally overvalued by the Trump Organization. The guarantee serves to guarantee payment of the sum pending the judgment on appeal. This was announced by Trump's lawyers, as reported by CNN. The defense of the former president, who in the meantime was engaged in the costly presidential election campaign, specified that he had knocked in vain on the doors of around thirty insurance institutions to be able to cover the sum. So he asked a New York appeals court to postpone the warrants that expire at the end of the month. “The amount of the judgment, including interest, exceeds $464 million, and very few bail bonds companies will consider bail approaching that magnitude,” Trump’s lawyers said.
“An impossible amount”
Also a broker The insurance company Gary Giulietti, who testified in favor of the former president during the trial in question, confirmed in a statement that it was practically impossible to obtain a bond for the entire amount. “Throughout my career, during which I have been directly or indirectly involved in the issuance of thousands of bonds, I have never heard or seen a appeal bond of this size for a private company or an individual,” Giulietti said. “After considerable good faith efforts in recent weeks, it is not possible in these circumstances to obtain an appeal bond for the judgment amount of more than $464 million,” he concluded.
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