CNN reports:
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.
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.
The Trump campaign responds:
“These baseless innuendos are pure bullsh*t,” Trump campaign spokesman Steven Cheung said in a statement Tuesday. “President Trump has filed a motion to stay the unjust, unconstitutional, un-American judgment from New York Judge Arthur Engoron in a political Witch Hunt brought by a corrupt Attorney General. A bond of this size would be an abuse of the law, contradict bedrock principals [sic] of our Republic, and fundamentally undermine the rule of law in New York.”
‘Pure Bullsh*t’: Trump Campaign Erupts at CNN Report He’s in ‘Panic Mode’ and Trying to Offload Assets to Post Bond https://t.co/SB6qYPrFkZ
— Mediaite (@Mediaite) March 20, 2024