Trump unable to get $464M appeal bond to stop collection, attorneys say: 'Practical impossibility'

Former President Trump has not been able to secure a $464 million appeal bond following a New York civil fraud judgment against him, his attorneys say.

Republican presidential candidate former President Donald Trump salutes at a campaign rally Saturday, March 16, 2024, in Vandalia, Ohio.  (AP/Jeff Dean)

The filing Monday says "ongoing diligent efforts have proven that a bond in the judgment’s full amount is ‘a practical impossibility.’"

"These diligent efforts have included approaching about 30 surety companies through 4 separate brokers," the filing says. "A bond requirement of this enormous magnitude – effectively requiring cash reserves approaching $1 billion … is unprecedented for a private company."

It also says that "waiving the bond requirement will impose no cognizable harm on the Attorney General. The case involves no actual victims and no award of restitution, and she is fully protected by Defendants’ real-estate holdings. This factor alone warrants a stay."

"The Court should stay the judgment pending appeal, and put the brakes on the Attorney General’s overzealous litigation crusade," Trump's lawyers also argued. "If oral argument would assist the Court in coming to that conclusion, we respectfully request an opportunity for such a hearing."

NEW YORK ATTORNEY GENERAL TRUMP ABOUT INTEREST HE OWES ON CIVIL FRAUD JUDGMENT

New York Judge Arthur Engoron ruled on the Trump civil case in Feburary. (ERIN SCHAFF/POOL/AFP via Getty Images)

Engoron ruled that Trump and other defendants were liable for "persistent and repeated fraud," "falsifying business records," "issuing false financial statements," "conspiracy to falsify false financial statements," "insurance fraud" and "conspiracy to commit insurance fraud."

"In a massive victory, we won our case against Donald Trump for engaging in years of incredible financial fraud to enrich himself. Trump, Donald Trump, Jr., Eric Trump, and his former executives must pay over $450 million in disgorgement and interest," James wrote on X, celebrating on the same day of the judgment.

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On Feb. 23, James, who has denied having a "personal vendetta" against Trump despite remarks suggesting otherwise, posted flatly, "$464,576,230.62." 

Fox News' Brooke Singman and Danielle Wallace contributed to this report.

Greg Norman is a reporter at Fox News Digital.

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