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Salon
Salon
Politics
Igor Derysh

Trump admits he can't get fraud bond

Attorneys for former President Donald Trump admitted in a court filing on Monday that he cannot secure a bond to pay his massive $464 million fraud judgment.

″Defendants’ ongoing diligent efforts have proven that a bond in the judgment’s full amount is ‘a practical impossibility,’” Trump’s lawyers wrote, adding that they approached 30 different surety companies through four brokers and have spent “countless hours negotiating with one of the largest insurance companies in the world.”

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