Donald Trump Forced to Reveal His Finances to Save His Properties

Documents for Donald Trump's $175 million bond in his New York civil fraud case were rejected by a court because a current financial statement was not included.

On Wednesday, a message on the New York State Supreme Court's electronic filing system showed Trump's "Bond/Undertaking" had been "returned for correction."

New York State Supreme Court Justice Arthur Engoron ruled in February against Trump; his two eldest sons, Donald Trump Jr. and Eric Trump; and others associated with the Trump Organization. They were accused in a lawsuit from New York Attorney General Letitia James of inflating the former president's net worth and the value of his properties to obtain better loan and insurance terms. Trump has denied all accusations.

On Monday, Trump posted a $175 million bond in the case, ensuring that James does not seize any of his assets or bank accounts during his appeal.

Newsweek reached out to Trump representative Steven Cheung by email for comment about the documents rejection.

Donald Trump speaks at a rally in Green Bay, Wisconsin, on April 2. Documents related to the $175 million bond in his New York civil fraud cause were returned by a court to his lawyers... Donald Trump speaks at a rally in Green Bay, Wisconsin, on April 2. Documents related to the $175 million bond in his New York civil fraud cause were returned by a court to his lawyers this week. More Photo by Scott Olson/Getty Images

He had originally been ordered to pay $454 million in damages after Engoron found him and others liable for misleading lenders. An appeals court granted Trump's request last week to lower his bond amount to $175 million after his lawyers argued that it was a "practical impossibility" to fulfill the original penalty.

Criminal defense attorney Jeffrey K. Levine, who represented former Trump attorney Michael Cohen, posted an explanation on X (formerly Twitter) about the court's rejection message. He included New York County Supreme Court document number 1707, which could explain why Trump's bond filing was returned to his lawyers.

According to Levine's post, Trump will need to share recent financial records in order for his bond to be accepted.

"Court rejected #TrumpBond filing in #TrumpFraudVerdict for several reasons, 1 of which was #Trump failed to upload his 'current financial statement' to the Court [looking forward to read]. 175 million reasons why 1 mistake should not have been made, much less 3!" Levine wrote.

Court rejected #TrumpBond filing in #TrumpFraudVerdict for several reasons, 1 of which was #Trump failed to upload his "current financial statement" to the Court [looking forward to read].

175 million reasons why 1 mistake should not have been made, much less 3 ! pic.twitter.com/qk7nLskx5F — Jeffrey K. Levine 🇺🇸 (@NYadvocateJKL) April 3, 2024

The New York County Supreme Court document he shared read:

"The court has returned the documents listed below for the following reasons: Please include a current financial statement and Power of Attorney. Additionally, please list the name of the Attorney-in-Fact under the signature line on the Undertaking. Please use the 'Refile Document' link for Doc. No. 1707 to resubmit the corrected filing. Thank you and have a great day."

Update 04/03/24 3:29 p.m. ET: This story has been updated to include more information.