June 16, 2024

Raising $454 Million in a Hurry: Eric Trump’s Struggle to Secure Bond for Father’s Fraud Case

1 min read
Eric Trump’s Request for $454M Bond from Insurance Companies Met with Laughter

Eric Trump has expressed frustration at the difficulty in securing a $454 million bond to cover his father’s penalty in a civil fraud case. Failure to secure the bond by Monday could result in the seizure of Trump’s assets, including the Trump Building. In an interview with Fox News, Eric spoke about the challenge of raising such a substantial amount within a tight deadline set by the court. He described his interactions with insurance companies as futile, as they appeared skeptical and even laughed at the request due to the unprecedented size of the bond.

The $454 million bond is based on the $355 million that Donald Trump has been ordered to pay, along with interest, while he appeals the verdict of the New York civil fraud trial. Given the scale of the financial requirement, Eric Trump emphasized that such a bond is not commonly available in the United States. The former president, who recently secured the Republican nomination for president, has portrayed the case as politically motivated. Eric Trump echoed this sentiment by describing

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