Eric Trump is struggling to secure a $454 million bond to cover his father’s penalty in a civil fraud case. In an interview with Fox News, Eric spoke about the challenge of raising such a substantial amount within a tight deadline set by the court. He described his interactions with insurance companies as futile, as they appeared skeptical and even laughed at the request due to the unprecedented size of the bond.
The $454 million bond is based on the $355 million that Donald Trump has been ordered to pay, along with interest, while he appeals the verdict of the New York civil fraud trial. Failure to secure the bond by Monday could result in the seizure of Trump’s assets, including the Trump Building. Given the scale of the financial requirement, Eric Trump emphasized that such a bond is not commonly available in the United States.
Donald Trump’s attempts to delay the penalty were rejected by a judge in February, leading to the impending deadline. The former president, who recently secured the Republican nomination for president, has portrayed the case as politically motivated. Eric Trump echoed this sentiment by describing the situation as ‘lawfare’ aimed at preventing his father from financing his election campaign. The Trump family faces a race against time to meet the financial obligation or face severe consequences regarding asset seizure.
