Why Seizing Trump's Assets, Like Trump Tower, Won't Be Quick Or Easy from the single young billionaire lawyer Watch Video

⏲ Duration: 4:56
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✓ Published: 23-Mar-2024

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On Monday, Donald Trump’s lawyers revealed in a legal filing that Trump had failed to secure the $464 million appeals bond he needs to avoid paying the half-billion-dollar penalty as he appeals the New York civil fraud judgment against him. Securing the bond was a “practical impossibility,” they wrote, adding that about 30 different bond companies turned down the former commander-in-chief's request, in part because very few will consider “a bond of anything approaching that magnitude” and the rest will not accept “hard assets such as real estate as collateral.” <br/><br/>Trump is now asking the five-judge appeals court panel to pause enforcement of the civil judgment or to lower the bond amount to $100 million while the appeals court hears his case.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/johnhyatt/2024/03/21/why-seizing-trumps-assets-wont-be-quick-or-easy/?sh=70b476f3639c<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.