Donald J. Trump offered a New York appeals court on Wednesday a bond of only $100 million to pause the more than $450 million penalty he faces in his civil fraud case, a clear sign that the former president lacks the money to cover the full amount.
Mr. Trump, who is on the clock to either secure a bond from a company or produce the full amount himself, also asked the appeals court to pause enforcement of the financial penalty and a wide range of other punishments the judge levied.
One appellate court judge was expected to hear the request from Mr. Trump on Wednesday afternoon and issue a decision shortly after.
If the appellate judge grants the pause, it will be only temporary; Mr. Trump would still have to persuade a larger panel of appellate judges to keep the judgment on hold.
In seeking relief, Mr. Trump’s lawyers disclosed that they would be unable to secure a bond for the full amount, raising the prospect that he might soon default on the judgment if the appeals court denies his request.
Persons:
Donald J, Trump
Locations:
York, New York