In a new development in the civil fraud case against former President Donald Trump, the New York attorney general's office has called on a state appeals court to require Trump to put up a full bond before pausing the multimillion-dollar judgment. This comes after Trump's legal team claimed that he is unable to secure the necessary bond due to "diligent efforts."

The state's filing follows the fraud trial held last year, during which it was determined that Trump conspired to inflate his assets for tax and insurance benefits. As a result, he was ordered to pay a $454 million judgment, with interest accruing at a rate of $112,000 per day that he fails to pay. As of Wednesday, the total amount owed to the state stands at around $457 million.

To temporarily pause the enforcement of the judgment while he appeals, Trump must obtain a bond covering 120 percent of the judgment amount, which amounts to over $557 million. However, Trump's lawyers have asked the court to accept a bond of $100 million, citing the difficulty of finding bonding companies willing to consider a bond of such magnitude.

The attorney general's office disputes this claim, asserting that Trump can obtain multiple sureties and divide the bond across them, thereby limiting any individual surety's risk. Senior Assistant Solicitor General Dennis Fan argues that there is no rule restricting Trump to a single bond from a single surety for the full judgment amount.

In addition, the state lawyer contests Trump's assertion that his properties cannot be used as collateral. Fan states that the use of real estate as collateral is not impossible, challenging Trump's failure to provide documentary evidence of the specific holdings offered to sureties and the reasons for their refusal to accept them.

Furthermore, Fan highlights that the insurance broker cited in Trump's motion, Gary Giulietti, was found to lack credibility by Judge Arthur Engoron due to his ongoing personal and professional relationship with Trump. This further weakens Trump's argument against posting a full bond.

Trump's deadline to post the bond is Monday, coinciding with the scheduled start of his first criminal trial in Manhattan. If he fails to meet this requirement, New York Attorney General Letitia James will have the authority to begin enforcing Engoron's judgment by seizing Trump's assets, including notable properties like Trump Tower and 40 Wall Street.

The court is now tasked with considering the attorney general's filing and Trump's request for a reduced bond. As the legal battle continues, the outcome will significantly impact the course of both the civil fraud case and the impending criminal trial.

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