By Luc Cohen for Reuters
Former US president Donald Trump in court during his civil fraud trial at New York State Supreme Court in New York City last November.
Photo: AFP / Getty Images / Pool
Donald Trump’s efforts to secure a bond to cover a US$454 million (NZ$746m) judgment in a New York civil fraud case has been rejected by 30 surety companies, his lawyers said on Monday, inching him closer to the possibility of having his properties seized.
The former president must either pay the sum out of his own pocket or post a bond to stave off the state’s seizure while he appeals Justice Arthur Engoron’s 16 February judgment against him for mis-stating property values to dupe lenders and insurers.
Trump, two of his adult children and other Trump Organisation executives had so far approached the 30 companies through four separate brokers without success, his lawyers said. The other defendants face judgments totalling $10m.
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