Eric Trump Claims Insurance Companies Laughed at Half-Billion Dollar Bond Request

Eric Trump asserted Sunday that insurance companies "were laughing" when former President Donald Trump sought a half-billion-dollar bond request, speaking on "Sunday Morning Futures" with Maria Bartiromo.

The former president revealed his inability to fulfill a $454 million bond requirement mandated by a ruling in his civil fraud case brought by Democratic Attorney General Letitia James of New York.

Eric Trump Says Insurance Companies ‘Were Laughing’ When Trump Asked For Half-Billion Dollar Bond Request https://t.co/trW79Nwf9D

— Daily Caller (@DailyCaller) March 25, 2024

Eric Trump, in an interview with Fox News host Maria Bartiromo, stated that the specified amount was "not available in the United States" after multiple insurance companies declined to provide it.

"You know what, it was a crooked number," Eric Trump commented. "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."

Eric Trump emphasized that his father had "already won" his appeal of the verdict, referencing Judge Anil Singh's decision allowing the former president to pursue loans to secure the bond amount.

He characterized the situation as "lawfare," alleging an attempt to undermine his father's presidential candidacy.

"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 Trump remarked.

"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 added.

"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?"

Attorney General Letitia James initiated steps to seize former President Donald Trump’s assets. Judgments were filed against Trump, his sons, and the Trump Organization on March 6 in Westchester County, where Trump possesses a golf resort and a private estate.

The ongoing legal battle serves as one of multiple battles facing Trump as he seeks his comeback bid for the White House in November against President Joe Biden.