May 21, 2024 2:21 pm
Insurance Companies Refuse $454M Bond Request for Trump: Eric Trump Shocked

Eric Trump has recently made headlines after revealing that insurers ridiculed his attempts to secure a $454 million bond to cover his father’s penalty in a civil fraud case. Donald Trump has until Monday to raise the funds or risk having his assets seized. In an interview with Fox News, Eric Trump criticized the court’s decision, calling it a form of “lawfare” aimed at hindering his father’s ability to finance his election campaign.

Despite his father’s claim of having $500 million in cash, Donald Trump hesitated to comply with the court order due to what he perceives as unjust treatment by the judge. Eric Trump emphasized the unprecedented nature of the bond size, noting that even industry experts were surprised by the astronomical figure.

The bond amount includes $355 million, plus interest, that Donald Trump has been ordered to pay while appealing the verdict in the New York civil fraud trial. Eric Trump, who is also liable in the trial, expressed frustration over the exorbitant sum and claimed that such a large bond is not commercially available in the United States.

Donald Trump’s legal team attempted to delay the penalty, citing political motivations behind the case. The former president and his son believe that the hefty bond requirement is an attempt to hinder their political endeavors. In a statement to Fox News, Eric Trump referred to the situation as “lawfare” and criticized the system for targeting his father’s campaign funding.

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