Trump Claims to Have Almost $500 Million in Cash, Seeks Delay in $454 Million Bond Deadline
ICARO Media Group
In a bold statement on Truth Social, Trump emphasized that his substantial amount of cash was accumulated through hard work, talent, and luck, with a considerable portion intended for his presidential campaign.
Trump's legal team is currently striving to postpone the Monday deadline for the massive bond, which he must post as he continues to challenge Manhattan Supreme Court Judge Arthur Engoron's ruling in the civil fraud case initiated by New York Attorney General Letitia James. Failure to post the bond could result in James commencing the seizure of Trump's properties, with indications pointing towards his Westchester golf course and Seven Springs estate as potential targets.
According to court documents filed earlier this week, Trump's attorneys claimed that he had encountered immense difficulties in securing a lender willing to back the full bond amount. Moreover, Trump was reluctant to sell off his properties to fulfill the bond requirements, fearing severe losses and the irreversible devaluation of his assets through such a "fire sale."
Expressing his constant disdain for James' case, Trump vehemently criticized the lawsuit as "rigged and corrupt" and denigrated Judge Engoron as a "political hack." Trump continued to assert his innocence, highlighting his surprise victory in the 2016 election, an improved performance in 2020, and his current lead as the presumptive Republican nominee for the 2024 election. In a passionate post on Truth Social, he condemned the legal proceedings as a form of communism infiltrating America.
In an attempt to rally support in his legal battle against the civil fraud case, Trump's team issued a plea to his MAGA supporters, urging them to contribute before James could potentially seize his properties. The message, disseminated by a joint fundraising committee responsible for allocating funds to his campaign and a separate political committee covering his legal expenses, emphatically proclaimed, "KEEP YOUR FILTHY HANDS OFF OF TRUMP TOWER!"
However, Trump conveyed doubts on Thursday regarding his ability to pay the substantial bond within such a limited time frame. He criticized Judge Engoron's ruling, claiming that the assigned amount of $355 million, plus interest, appeared to be arbitrarily determined. Trump compared the situation to a comedy sketch on Saturday Night Live, mentioning John Lovitz's character "The Liar" and insinuated the presence of an unconstitutional gag order.
As the deadline approaches, the focus now lies on whether Trump's claims of possessing nearly $500 million in cash are accurate, and whether he will manage to secure the required bond amount or successfully negotiate a delay. The outcome of this case could have significant implications for Trump's financial future and ongoing legal battles.
Note: The generated article is based solely on the provided information and does not include any speculation or opinions.