Unprecedented Bond Threatens Trump Family’s Assets in Civil Fraud Case: Eric Trump on the Struggle to Raise $454 Million and Lawfare Accusations

By Eleanor Harrison Mar25,2024
Insurance companies scoffed at the request for a $454 million bond for Trump: Eric Trump.

Eric Trump has claimed that insurance companies were not willing to provide a $454 million bond to cover his father’s penalty in a civil fraud case. The former President, Donald Trump, must pay this amount by Monday or risk having his assets seized. The bond is unprecedented and was laughed at by insurers due to its enormity, according to Eric Trump.

In a statement to Fox News, Eric Trump emphasized the unfairness of the case against his father. He expressed frustration at the exorbitant sum and explained that such a large bond is not even available in the United States. The former President is currently appealing the civil fraud verdict, which found him liable for $355 million plus interest. Despite attempts to delay the penalty, a judge rejected the motion in February.

The Trump family is now facing the challenge of raising a sum that Eric Trump deems “not physically possible.” The situation has been described as “lawfare” designed to stop Donald Trump from financing his election campaign. Eric Trump believes that the case is politically motivated, echoing his father’s sentiment that it is an unfair attack on their family and business empire.

By Eleanor Harrison

As a content writer at newseasoning.com, I infuse flavor into words, crafting compelling stories that captivate and inform our audience. With a keen eye for detail and a passion for creativity, I strive to create content that not only engages but also inspires. Whether I'm concocting a savory blog post or whipping up a spicy product description, I pour my heart and soul into every piece I write. Join me on this flavorful journey as we explore the tantalizing world of content creation together.

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