Former U.S. President Donald Trump delivers remarks after exiting the courtroom as he attends his Ny courthouse trial in a civil fraud case in Fresh York, October 18, 2023.
Brendan McDermid | Reuters
Donald Trump on Friday claimed to cling almost half of a billion dollars in cash — after his attorneys mentioned he would now not afford to post a bond for his $464 million civil fraud allure.
The unpleasant contradiction might perhaps perhaps very effectively be serious: Trump has right form a number of days left to receive an allure bond that can perhaps discontinuance Fresh York Attorney Well-liked Letitia James from beginning to bag on the wide judgment.
“Thru laborious work, abilities, and luck, I currently cling nearly five hundred million dollars in cash, a appreciable quantity of which I intended to recount in my advertising campaign for president,” Trump wrote in an all-caps Truth Social post Friday morning.
He additionally claimed the resolve who delivered the fraud verdict turned into as soon as combating him from spending his money on his presidential advertising campaign.
This marked the well-known time Trump has mentioned he would utilize his have money to fund his presidential advertising campaign. As a lot as now, Trump has no longer contributed any money to his present White Dwelling reveal. He did no longer make a contribution any of his have money to his 2020 advertising campaign, basically basically based on NBC News.
Either intention, Trump’s negate in Friday’s posts — that he does cling the cash to pay the bond, but he’s saving it to bankroll his advertising campaign for president — is never any longer one that his attorneys cling made to the appeals court judges who are brooding about his count on to pause the fraud judgment.
His attorneys claimed Monday that it turned into as soon as “impossible” for him to receive a bond, because he does no longer cling the cash to stable one and because no ability insurers will get Trump’s true property as a change.
James has mentioned she can take Trump’s true property property if he can’t pay. Her administrative heart has already begun making intelligent to take motion in Westchester County, the build Trump owns several properties.
Fresh York Attorney Well-liked Letitia James has taken the preliminary step towards seizing outdated President Donald Trump’s properties within the command following a landmark $454 million judgment, in Fresh York, United States on March 21, 2024.
Lokman Vural Elibol | Anadolu | Getty Photography
Trump asked a Fresh York appeals court to pause the judgment with out requiring him to post a bond for the plump quantity.
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Trump Organization prison legitimate Alan Garten wrote that the entirely intention Trump and his co-defendants might perhaps receive an allure bond would be to position up his properties as collateral.
Garten mentioned they’d asked bigger than 30 bond insurance coverage firms to underwrite the bond, but that every one of them had mentioned no.
Trump’s attorneys argued that while the Trumps are affluent, they are within the explicit property enterprise, and thereby rich in property. In consequence, they would want to sell or mortgage their true property in expose to stable the bond, “causing irreparable harm.”
Garten and spokespeople for the Trump Organization did no longer straight answer to CNBC’s requests for observation on Trump’s social media posts.
