Published March 24, 2024
The eye-popping judgment against former President Trump in his New York fraud case has laid bare his precarious financial status, a matter that has sent the notoriously incensed real estate mogul off the rails.
In Truth Social posts, Trump has laid out mini diatribes lambasting the judge and attorney general in the case, claiming they want to swindle him out of precisely the amount of cash he has on hand to the tune of half a billion dollars.
Trump is known for his online rants and raucous rallies that frequently whip up his base, but the $454 million bond he must pay – or face the possibility of his assets being seized – appears to have sent the former president over the edge.
“They do not care about the Law, the facts, or anything, but tying up my money, and interfering in the Election!!” Trump wrote in aTruth Social post on Wednesday. “This case should be OVER, but instead, the Attorney General wants to abuse her power to steal my money!!”
Former aides said Trump appears to be particularly incensed by the New York fraud trial because of how personal the stakes are.
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SOURCE: www.thehill.com
RELATED: Here’s what happens if Trump can’t get a $464 million bond
Published March 24, 2024
Trump personally owes over $454 million stemming from the ruling made by Judge Arthur Engoron back in February. The figure balloons up to $463.9 million when including the money owed from his sons, Eric and Donald Jr., the Trump Organization and the interest that was accrued as of the date of the ruling.
Experts who spoke to CNN say Attorney General Letitia James and her staff should be poised to start the complicated legal maze of seizing Trump’s assets if the former president does not secure the bonds needed to cover Engoron’s ruling as he appeals.
Assets, such as buildings, houses, cars, helicopters and his plane, are in play. The main focus could be on his bank accounts, which experts say will be easier to take hold of, and properties, which would be more difficult.
Trump has asked a state appeals court to allow him to post a smaller bond – or none at all – claiming he would face irreparable harm if he were forced to sell properties at a fire sale that can’t be undone if he ultimately wins his appeal. The court has not yet ruled.
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SOURCE: www.cnn.com
RELATED: Donald Trump’s financials ‘worth’ a long look as $454M fraud bond deadline looms
Published March 23, 2024
It wasn’t that long ago, just before the 2016 presidential election to be exact, that Donald Trump made the following claim: His net worth was in “excess of TEN BILLION DOLLARS.”
The Donald’s humblebrag came in a press release as he prepared his first and successful run for the White House.
Presumably, he used all caps for emphasis.
His wealth and success as a businessman (real estate and reality TV) made him uniquely suited to be president and fix the country’s manifold problems that the political class couldn’t.
Yes, we all know about Trump’s propensity to be a blowhard but even by his bloviating standards, it is hard to square what’s happening now.
He has been reduced to begging banks, and even his loyal MAGA supporters, to pay down what should be a pittance for someone with his alleged wealth: A $454 million civil judgment from a New York state judge in the dubious civil bank-fraud case brought by hyper-ambitious state Attorney General Tish James.
