Eric Trump is spreading false information about his father's bond in the fraud case in which the former president was ordered to pay hundreds of millions of dollars.
Trump, who earlier in the day told Fox News that top insurance executives laughed when he asked for more than $400 million in bond money for his father, later took to social media to make a similar complaint about the size of the bond.
"A half a billion dollar bond is simply not commercially available," Donald Trump's son said on Sunday. "The 30 largest bonding companies in the United States have never seen a bond close to this size for anyone, let alone a private company."
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He continued:
"Letitia James is hellbent on a political vendetta against my father with zero regard for the lives of thousands of hard-working New Yorkers, who make their living in our buildings."
But not so fast, legal analyst Lisa Rubin chimed in. Rubin is a former litigator who frequently appears on MSNBC's programs.
"As Eric Trump insists the bond his dad needs to stay enforcement of Tish James’s judgment is 'not commercially available,' let’s zero in on what’s not quite accurate here," she said on Sunday. "First, there is no requirement that there bond come from a single surety or lender. A syndicate of sureties or underwriters can collectively post the bond; the AG even cites real-life examples of such bonds where judgment approximates or exceeds the one at issue here."
Eric Trump was also wrong about another part of his statement, according to the expert.
"Second, do not give credence to the notion that this would be the biggest bond ever. Yes, hyperbole is a Trump specialty—but here, again, the NYAG has counterexamples of several $1 billion-plus bonds as well," Rubin wrote.