Frail U.S. President Donald Trump delivers remarks after exiting the court as he attends his Manhattan courthouse trial in a civil fraud case in Sleek York, October 18, 2023.
Brendan McDermid | Reuters
Donald Trump on Friday claimed to possess practically half one thousand million bucks in cash — after his attorneys acknowledged he would not afford to post a bond for his $464 million civil fraud appeal.
The uninteresting contradiction could possibly very nicely be extreme: Trump has accurate just a few days left to find an appeal bond that could possibly conclude Sleek York Legal expert Traditional Letitia James from starting up to gain on the massive judgment.
“Via arduous work, skill, and success, I for the time being possess practically five hundred million bucks in cash, a expansive quantity of which I supposed to utilize in my campaign for president,” Trump wrote in an all-caps Truth Social post Friday morning.
He also claimed the identify who delivered the fraud verdict develop into once struggling with him from spending his money on his presidential campaign.
This marked the main time Trump has acknowledged he would spend his absorb money to fund his presidential campaign. So a ways, Trump has not contributed any money to his present White Dwelling account for. He failed to make a contribution any of his absorb money to his 2020 campaign, in step with NBC News.
Either formula, Trump’s claim in Friday’s posts — that he does possess the money to pay the bond, but he’s saving it to bankroll his campaign for president — will not be one that his attorneys possess made to the appeals court docket judges who’re desirous about his quiz to conclude the fraud judgment.
His attorneys claimed Monday that it develop into once “very potentially not” for him to find a bond, because he would not possess the money to fetch one and because no capacity insurers will fetch Trump’s accurate property as an different.
James has acknowledged she’s going to take Trump’s accurate property sources if he can’t pay. Her set of job has already begun making willing to seize lag in Westchester County, where Trump owns several properties.
Sleek York Legal expert Traditional Letitia James has taken the initial step toward seizing broken-down President Donald Trump’s properties in the remark following a landmark $454 million judgment, in Sleek York, United States on March 21, 2024.
Lokman Vural Elibol | Anadolu | Getty Photos
Trump requested a Sleek York appeals court docket to conclude the judgment without requiring him to post a bond for the entire quantity.
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Trump Group licensed expert Alan Garten wrote that the one formula Trump and his co-defendants could possibly find an appeal bond could possibly be to set up his properties as collateral.
Garten acknowledged they had requested extra than 30 bond insurance firms to underwrite the bond, but that all of them had acknowledged no.
Trump’s attorneys argued that whereas the Trumps are nicely off, they are in the accurate property industry, and thereby rich in property. In consequence, they’d deserve to promote or mortgage their accurate property in portray to fetch the bond, “causing irreparable worry.”
Garten and spokespeople for the Trump Group failed to instantly acknowledge to CNBC’s requests for statement on Trump’s social media posts.
