Former President Donald Trump is in panic mode as the deadline approaches to secure a half-billion-dollar bond to appeal his civil fraud case in New York, according to multiple sources familiar with his thinking.
Trump’s lawyers acknowledged Monday that he was struggling to find an insurance company willing to underwrite his $454 million bond. Privately, Trump had been counting on Chubb, which underwrote his $91.6 million bond to cover the E. Jean Carroll judgment, to come through, but the insurance giant informed his attorneys in the last several days that that option was off the table.
Trump’s team has sought out wealthy supporters and weighed what assets could be sold – and fast. The presumptive GOP presidential nominee himself has become increasingly concerned about the optics the March 25 deadline could present – especially the prospect that someone whose identity has long been tied to his wealth would confront financial crisis. Trump has continued to privately lash out at the New York Attorney General Letitia James and Judge Arthur Engoron over the matter, these sources told CNN. (James provided a 30-day grace period after Engoron ruled.)
Wednesday, March 20, 2024
Panic Mode
Get our petty thrills while we can.