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Eric Trump Says Company Laughed At President Over Half-Billion Dollar Bond Request

Eric Trump

Eric Trump, the son of former President Donald Trump, revealed details of the former president’s struggle to secure the $464 million bond in his New York fraud case.

Eric Trump

New York Judge Arthur Engoron ruled that the former president must pay a $464 million fine in the New York state’s civil fraud case against him. The case, which New York Attorney General Letitia James brought against the former president and his sons, drew wide condemnation for its political nature. 

Eric, while speaking on Fox’s News Sunday Morning Futures with Maria Bartiromo, blasted the political nature of the case, adding that it was only brought against his father to hurt his 2024 race. 

“You know what, it was a crooked number,” Eric Trump said. “There are no victims. There is no number. The number should be zero. My father’s run a great company. I run a great company. We’ve never had a default. We’ve never missed a payment. We’ve never been in a breach of covenant. Maria, this is lawfare.

They want to hurt my father, who’s winning the presidential race right now. He’s beating Biden in every single poll in every single swing state. He came out and said he wants to put hundreds of millions of dollars of his own money into his campaign.

And how do they deprive him of that? They have [Judge Arthur Engoron] come up with an astronomical number, give you zero time to post a bond, a bond that’s not even commercially available in the United States. It’s not — no one’s ever seen a bond this size.”

Eric revealed that insurance companies laughed at his father when he asked them for the $464 million bond.

“Every single person when I came to them saying, ‘Hey, can I get a half-billion-dollar bond?’ Maria, they were laughing. They were laughing,” Eric Trump said. “Top executives of the largest surety companies had never seen anything of this size. What, they’re going to start seizing assets if he can’t put up something that’s not available in the United States?”

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