Attorney General Letitia James of New York may attempt to take the ex-president’s assets or bank accounts if he does not post the bond for the entire amount he owes by Monday.
Trump demands over $500 million in cash in the midst of a legal dispute with the attorney general of New York.
In an attempt to disprove his attorneys’ assertions that he would not be able to pay the $464 million judgement against him and his co-defendants in the civil fraud case brought by New York Attorney General Letitia James, former President Trump declared early on Friday morning that he had “almost” $500 million in cash.
Trump’s Reaction: Political Bias allegations and No Illegal behaviour.
” The frequently overruled political hack judge in the crooked and rigged AG case—in which I did nothing wrong, wanted to take it away from me, and why he came up with the shocking number which, coupled with his crazy interest demand, is approximately $454,000,000.”
“I won an election in 2016 that I wasn’t expected to win, performed even better in 2020, and am currently leading, by a significant margin, in 2024,” Trump said. This is American communism!”
Trump Must Meet Bond Payment Deadline in the Middle of Legal Battles Regarding Party Funds
Since 2016, Trump has not given any personal funds to his presidential campaigns. He had hinted in 2020 that he would personally pay the price to secure reelection, but he never followed through on it.
James has the right to confiscate any of the former president’s assets, including Mar-a-Lago and Trump Tower, in any state if he does not post the bail for the entire amount he owes by Monday. His attorneys, who have filed an appeal of the ruling, stated in a court document on Monday that he has not been able to obtain a bail to satisfy the order.
Trump’s Liability Is Growing: The $454 million Fraud Judgement Increases Every Day
The majority of the $454 million fraud judgement is owed by Trump, but additional interest has caused his debt to grow by more than $111,000 every day.
The judgment’s amount was decided by New York Judge Arthur Engoron, who made his decision on February 23. Trump was given 30 days to turn over the money. Trump said that Engoron “came up with a crazy, out of thin air award, in order to damage me politically, and not allow me to use any of the large amount of cash I have built up over the years,” in a different one all-caps Truth Social post on Friday.
with study, knowledge, instinct, and dedication in my presidential campaign.”
“It’s just a ‘taking,'” he continued. “Much like what is done in communist countries.”
Trump’s Fundraising Memo: Allegations of Asset Takeover and Estimated Wealth
In a fundraising message earlier this week, Trump’s campaign requested for donations from his followers with the subject line, “Insane radical Democrat AG Letitia James wants to SEIZE my properties in New York.” THIS ALSO CONTAINS THE CLASSIC TRUMP TOWER!” Despite Trump’s valuation of his brand at over $10 billion, his net worth was estimated at $4.5 billion in a financial statement from 2021. According to his statement at a testimony in the fraud case last year, he had “substantially in excess of $400 million in cash.” He has stated that the majority of his investments are in real estate rather than cash or shares.
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