Trump faces 'insurmountable difficulties' in securing $464M bond in civil fraud case, his attorneys say
Judge Arthur Engoron had ordered Trump to pay $355 million plus interest.
Dated today (March 18)

"Defendants have faced what have proven to be insurmountable difficulties in obtaining an appeal bond for the full $464 million," according to an affirmation by Trump Organization general counsel Alan Garten.

While Garten said Trump is "financially stable" and maintains "substantial assets," the magnitude of the judgment would require him to use his real estate as collateral for the bond. So far, according to Garten's affirmation, no surety bond provider approached by Trump is willing to accept real estate as collateral, including Chubb, the insurance giant underwriting Trump's $91.6 million bond to cover the $83 million judgment in the E. Jean Carroll defamation case, plus interest.

"For Defendants, this presents a major obstacle," Garten wrote.

Trump's attorneys, who have called the judgment "unconstitutionally excessive," asked an appellate court again on Monday to allow Trump to secure a bond in a lesser amount.

Inflating your assets will have this result. He is reaping what he sowed.