Posted on 03/22/2024 11:00:50 AM PDT by Red Badger
Former President Trump claimed Friday he has nearly $500 million in cash, conflicting with messaging from his attorneys who claim he won’t be able to post the $454 million bond for his civil fraud case.
“THROUGH HARD WORK, TALENT, AND LUCK, I CURRENTLY HAVE ALMOST FIVE HUNDRED MILLION DOLLARS IN CASH, A SUBSTANTIAL AMOUNT OF WHICH I INTENDED TO USE IN MY CAMPAIGN FOR PRESIDENT,” Trump wrote on his Truth Social platform.
Trump criticized New York Judge Arthur Engoron and New York Attorney General Letitia James (D) whom he said knew how much money he had on hand and set the penalty in that range on purpose.
Engoron ordered Trump to pay nearly $355 million in penalties plus interest after finding he conspired to lie about his net worth to receive favorable treatment from banks and insurers. The total sum is now worth more than $454 million with $112,000 in interest added each day.
The former president faces a Monday deadline to secure a bond or pay the $454 million due in the case. Earlier this week, his lawyers indicated that it would be “impossible” for them to secure the bond.
His attorneys claim that they’ve spend “countless hours” negotiating with one of the largest insurance companies and have approached 30 companies to back the bond, but to no avail. His lawyers said Trump is also unable to put up property for collateral as part of the bond.
Trump’s critics have suggested the former president might secure the funds from a foreign source if he’s unable to secure a bond before Monday.
His lawyer Alina Habba responded to those claims Wednesday. “Well, there’s rules and regulations that are public. I can’t speak about strategy; that requires certain things, and we have to follow those rules,” she told Fox News’s Martha MacCallum.
If Trump fails to meet the deadline, James, who brought forth the fraud case against Trump, said she may seize some of his assets.
Election interference is OK when they do it.
I think he is referring to campaign funds
I doubt he can use that as a bond for NY’s fascist lawfare penalties on him and his private businesses
This author is retarded.
He may be referring to cash on hand, but if he uses it to bond then he can’t pay his other bills.
They put roadblocks in his way well ahead of time.
They know the judgement will be thrown out on appeal, because the appeals court already said 80% is out by statute of limitations (which Engeron ignored).
It’s The Hill..............
Their intention is to deprive him of campaign funds.
No, he was referring to his cash on hand. If you have 500 thousand in liquid assets, will you be able to post 500+ thousand bond? Think through this.
As a business owner, I have cash balances I maintain to cover future payrolls, business expenses and emergencies that I do not consider available to spend.
Yes.
Did they? That’s interesting. That should be cause enough for the court to issue an emergency stay while the issues are sorted out. They should also consider the 8th and 14th amendment issues before it goes to federal court. But that SoL issue is an angle I don’t hear if before, and it would be their duty to enforce their own rulings.
Perhaps Trump is including loose change in the sofa cushions...
I think he has this covered, but he will let Leticia play her games, politically this is gold for him.
He will show up at the last minute as James is filing her paperwork to seize his assets, and hand her the check in front of hundreds of cameras.................
I’m sure you’re correct, but what appellate decision or order are you referring to?
They’re his own personal campaign funds.
Better yet, a couple semis full of nickels!
Naw....Bring it in pennies...
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