Trump Can’t Obtain Appeal Bond , in New York Fraud Case.<br />According to a New York court filing <br />on March 18, Trump isn't able to secure a <br />$454 million bond as he appeals a civil business <br />fraud judgement against him, CNBC reports. .<br />Trump's attorneys said that getting the bond is "impossible" since it would "effectively" require "cash reserves approaching $1 billion.".<br />Defendants’ ongoing diligent <br />efforts have proven that a bond <br />in the judgment’s full amount <br />is ‘a practical impossibility.’, Donald Trump's lawyers, via CNBC.<br />Gary Giulietti, president of the <br />Northeast division of the Lockton Companies, was hired to help Trump obtain a bond.<br />Despite scouring the market, we have <br />been unsuccessful in our effort ... for the <br />simple reason that obtaining an appeal bond <br />for $464 million is a practical impossibility <br />under the circumstances presented, Gary Giulietti, president of the Northeast <br />division of the Lockton Companies, via CNBC.<br />Simply put, a bond of this <br />size is rarely, if ever, seen, Gary Giulietti, president of the Northeast <br />division of the Lockton Companies, via CNBC.<br />In the unusual circumstance that a bond of <br />this size is issued, it is provided to the largest <br />public companies in the world, not to <br />individuals or privately held businesses, Gary Giulietti, president of the Northeast <br />division of the Lockton Companies, via CNBC.<br />Giulietti went on to say that a private company would need about $1 billion to put up as collateral to receive a bond of that size. .<br />While it is my understanding that <br />the Trump Organization is in a strong <br />liquidity position, it does not have <br />$1 billion in cash or cash equivalents, Gary Giulietti, president of the Northeast <br />division of the Lockton Companies, via CNBC.<br />Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case <br />brought against him by writer E. Jean Carroll. .<br />Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case <br />brought against him by writer E. Jean Carroll.
