Trump must mortgage or sell assets at discounts to pay bail of US$ 464 million

The former president of the United States donald trump He insisted again this Tuesday that he does not have the liquidity to pay the bail of US$ 464 million that Judge Arthur Engoron of New York imposed on him, unless he resorts to mortgaging or selling “large assets, perhaps at bargain prices”.

After his lawyers argued on Monday in a letter to Engoron that it was “impossible” for their client to raise that amount, this Tuesday Trump turned to his network, Truth Social, to again charge against the judge and his “ridiculous decision“, in reference to the bail imposed on February 16 and which gives the tycoon until March 25 to complete the payment.

“Nobody has ever heard anything like it. I would be forced to mortgage or sell large assets, even at bargain-basement prices, and if I then win on appeal, they will be gone –She complained– WITCH HUNT. ELECTORAL INTERFERENCE!”, he wrote with his usual capital letters.

Lawyers for Trump and his co-defendants in the fraud case argued Monday the impossibility of raising that money: “Defendants’ continued diligent efforts have demonstrated that bail in the full amount of the judgment is ‘a practical impossibility’“, the lawyers explained in the brief to the judge. In addition, the legal team noted that they had approached approximately 30 insurance companies through four different brokers and that they have passed “countless hours negotiating”, but they have not found an insurer.

In New York, defendants in civil cases must post bail worth at least 110% of the judgment amount to delay paying the fine while they appeal.

Earlier this month, Trump posted bail of nearly $92 million to appeal the $83.3 million in damages a jury ordered him to pay to writer E. Jean Carroll in a separate defamation case for denying her accusations. of sexual assault.