This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXNPEK2H0I4_L.jpg
Trump must either find the cash or post a bond to prevent the state’s authorities from seizing his properties while he appeals Justice Arthur Engoron’s Feb. 16 decision ordering him and co-defendants to pay $464 million in penalties and interest for misstating property values to dupe lenders and insurers.
In a court filing on Monday, his lawyers urged a mid-level state appeals court to delay enforcement of the judgment, arguing the amount was excessive.
They said the defendants had so far approached 30 surety companies through four separate brokers to obtain a bond.
