Eric Trump says insurers were “laughing” at requests to help raise $454 million for his father’s bond.Donald Trump is obliged to stump up the huge sum by Monday or risk having his assets seized.Eric Trump told Fox News it was “lawfare” aimed at stopping Donald Trump from funding his election campaign.
Thanks for signing up!
Access your favorite topics in a personalized feed while you’re on the go.
download the app
Eric Trump said that insurance companies “were laughing” when he tried to drum up a $454 million bond to cover his father’s penalty in his civil fraud case.Speaking to Fox News’s Maria Bartiromo on Sunday, Eric Trump raged at the amount of money his father had been ordered to pay as a result of being found liable in the New York civil fraud trial.The amount reflects the $355 million that Former President Donald Trump has been ordered by a court to pay, plus interest, while he appeals the verdict.Trump must secure the bond by Monday or risk having his assets seized — including potentially the Trump Building.Eric Trump — who was also found liable in the trial — said the size of the bond needed is “not even commercially available in the United States.”
“No one’s ever seen a bond this size,” he said. “Every single person when I came to them saying, ‘Hey, can I get a half-billion-dollar bond?’ Maria, they were laughing. They were laughing. Top executives of the largest surety companies had never seen anything of this size.”The scale of the demand is “not physically possible!” he added.Donald Trump posted last week on Truth Social that he has around $500 million in cash.”That doesn’t mean I’m going to give money to a rogue and incompetent judge,” he later told Fox News Digital.Speaking to Fox News, Eric Trump said that bonds of this size don’t exist in the US: “A $10 million bond is a large bond. A $15 million bond is an enormous bond. A half-a-billion dollar bond?”The former president tried to have the penalty delayed while he appealed the case, but in February a judge rejected the move.Trump, who secured the Republican nomination for president earlier this month, has argued that the case is politically motivated — something his son Eric echoed on Sunday.”This is ‘lawfare,'” Eric Trump told Bartiromo. He said that the amount demanded was calculated to prevent his father from funding his own political campaign.
