• Mon. Jun 24th, 2024

Trump Family Fights Back Against Unprecedented Bond Requirement in Civil Fraud Case

BySamantha Jones

Mar 25, 2024
Insurance Companies Deny $454M Request for Trump Bond, Eric Trump ClaimsgetMocked by Insurance Firms for $454M Bond, Eric Trump Alleges

Eric Trump expressed frustration with insurance companies while speaking on Fox News. He discussed his efforts to secure a $454 million bond to cover his father’s penalty in a civil fraud case. The penalty amounts to $355 million, plus interest. The former President, Donald Trump, has been ordered to pay this amount as he appeals the verdict. Failure to secure the bond may result in the seizure of assets, including the Trump Building.

Eric Trump was also found liable in the trial and emphasized that the required bond size is unprecedented. He mentioned that when he approached insurance companies for the bond, they reacted with disbelief due to its astronomical sum. He claimed that this scale of demand is not feasible. Donald Trump, for his part, has stated that he possesses around $500 million in cash but is reluctant to pay the penalty, criticizing the judge involved.

The family believes that the exorbitant bond requirement is meant to impede their political efforts. Highlighting the political nature of the case, Eric Trump suggested that legal actions are intended to hinder Donald’s political aspirations and contends that it represents ‘lawfare.’

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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