Trump campaign calls CNN report on increasing bond concerns ‘pure bulls—‘

Former President Donald Trump’s campaign blasted a CNN report about growing concerns about his $454 million bond as “pure bullish.”

CNN’s Caitlan Collins report On Tuesday night, sources familiar with Trump’s thinking said the former president was in a “panic” over the high bail set in his New York civil fraud case. Trump campaign communications director Stephen Chan denied the allegations in response to the report.

“These unsubstantiated insinuations are completely bullsh*t and fake news. I have filed a motion to halt the un-American sentence,” Chan said in a statement.

“A bond of this magnitude would be an abuse of the law, violate the fundamental principles of our country, and fundamentally undermine the rule of law in New York. We will continue to fight this hoax, defeat it, and make America great again.”

Time is running out for President Trump to secure $500 million bail in a New York civil fraud case in which Judge Arthur Engolan ordered a $454 million judgment against the former president.

Trump’s lawyers are considering posting bail so that the sentence would be automatically suspended while he appeals, but in a court filing Monday, Trump announced that he would not be able to post bail on appeal. It has become clear that it is “impossible” to secure the full amount due to the high cost.

His lawyers are having trouble finding a Treasury-approved surety company to underwrite the bonds. His lawyers argued that most companies would not accept his posting of real estate as collateral.

CNN reported that the Trump campaign is eyeing wealthy supporters who backed the $454 million bond and is exploring what assets it can sell. Some of Mr. Trump’s allies have already publicly asked if wealthy donors would pitch in to support the former president.

“Why aren’t the Republican billionaires offering to lend money to appeal President Trump’s outrageous lawsuit in New York? None of them are willing to help or work with others. Isn’t it fluid enough to do something? This is outrageous,” conservative radio host Mark Levin said. I wrote to Xthe platform formerly known as Twitter.

Fox Business host Larry Kudlow, who served as chairman of the National Economic Council (NEC) during the Trump administration, on Tuesday asked “Shark Tank” investor Kevin O’Leary to lend money to the former president. .

“If he can’t get to the Supreme Court, would you lend him $460 million to protect America’s name?” he asked.

Mr O’Leary declined to answer questions and suggested the Supreme Court should intervene.

The Hill has reached out to CNN for comment.