Trump claims that he is unable to pay the deposit over a civil lawsuit in which a company run by former US President Donald Trump was ordered to pay more than 67 billion yen in Japanese yen due to illegal profits. I found out that it is.
We then submitted documents to the court requesting an exemption from payment of the security deposit.
The lawsuit was filed by the attorney general of New York, alleging that a real estate company run by Trump before he became president had earned illegal profits by inflating the value of the company's assets over a period of about 10 years. This is what I did.
In February, a state court ordered Trump to pay more than $450 million, or more than 67 billion yen, including interest.
Trump has appealed, but must post a bond to prevent seizure of his assets during his appeal period.
Lawyers for Mr. Trump filed court documents on the 18th, arguing that securing a bond would require the same amount or more than the amount ordered, which is "impossible under the current circumstances."
He then asked for the bond to be waived.
American media have reported that the successive court cases suggest that Trump's side is running out of funds.