The legal representation of Donald Trump, the 45th President and former GOP frontrunner, have publicly acknowledged an obstacle in securing necessary funds to cover a significant fine of $454 million, levied against him. This fine comes from a civil fraud lawsuit, overseen by Judge Arthur Engoron, instigated by Letitia James, the current Attorney General of New York. Should Trump be unable to meet the financial demands of this fine, James has not wavered in her intent to marshal the confiscation of some of Trump's assets as a viable course of action.

Trump's legal team states, with a note of difficulty, that raising a bond to the tune of the judgment, now grown to a staggering $464 million with added interest, is a Herculean task - an assertion few doubt. Last month, the team tried to post a smaller bond of $100 million, but their efforts were in vain. The pursuit of a cooperative insurance company that could undertake this bond has been largely fruitless, despite their repeated outreach to nearly 30 surety firms.

Writing to the court, Trump's lawyers elucidated: 'A bond of such magnitude is practically unattainable given the current circumstances, despite all earnest attempts.' These attempts included the engagement of 4 independent brokers and the proposition of bonding to about 30 surety companies. All these efforts, however, appear to have borne little fruit.

The clock is ticking for President Trump, with only the upcoming week left to post the bond. Failure to do so authorizes James to kickstart the collection of the hefty fine through the appropriation of Trump's assets - a course she is apparently more than ready to take.

The legal representation of Donald Trump, the 45th President and former GOP frontrunner, have publicly acknowledged an obstacle in securing necessary funds to cover a significant fine of $454 million, levied against him. This fine comes from a civil fraud lawsuit, overseen by Judge Arthur Engoron, instigated by Letitia James, the current Attorney General of New York. Should Trump be unable to meet the financial demands of this fine, James has not wavered in her intent to marshal the confiscation of some of Trump's assets as a viable course of action.
Trump's legal team states, with a note of difficulty, that raising a bond to the tune of the judgment, now grown to a staggering $464 million with added interest, is a Herculean task - an assertion few doubt. Last month, the team tried to post a smaller bond of $100 million, but their efforts were in vain. The pursuit of a cooperative insurance company that could undertake this bond has been largely fruitless, despite their repeated outreach to nearly 30 surety firms.
Writing to the court, Trump's lawyers elucidated: 'A bond of such magnitude is practically unattainable given the current circumstances, despite all earnest attempts.' These attempts included the engagement of 4 independent brokers and the proposition of bonding to about 30 surety companies. All these efforts, however, appear to have borne little fruit.
The clock is ticking for President Trump, with only the upcoming week left to post the bond. Failure to do so authorizes James to kickstart the collection of the hefty fine through the appropriation of Trump's assets - a course she is apparently more than ready to take.

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