Days before the deadline to secure bond of $454 million comes to an end, former US President Donald Trump has said that he has about $500 million in cash, reports the New York Post. As he is left with only four days to satisfy the judgment, Trump has suggested he has the money to post a bond in the New York civil fraud case on Monday as required by a judge. This is an important development as the Attorney General’s office has filed judgments in Westchester County, which may be considered the first step in the direction of seizing Trump’s property. New York Attorney General Letitia James earlier indicated that the state was preparing to seize Donald Trump’s golf course and private estate north of Manhattan, known as Seven Springs.
Donald Trump’s Claims on Truth Social
The former president took to the social media platform ‘Truth Social’ Friday morning to write, “Through hard work, talent, and luck, I currently have almost five hundred million dollars in cash, a substantial amount of which I intended to use in my campaign for president.”
Trump slams prosecutor
Donald Trump slammed prosecutors Friday as he wrote, “No trial, no jury, no crime, no victim. Only a crooked judge and a corrupt, Trump-hating attorney general, who takes her orders directly from the White House.”
Donald Trump under pressure
The former president, who is running in the 2024 US Presidential Election, is under pressure after a New York court ruled that he, his sons and his family company lied about the value of assets and deceived banks and insurers.
Will Trump pay?
Until one day ago, Trump’s lawyers refused to pay and said that it is nearly impossible to secure the $454 million bond, despite the real-estate mogul’s $2.6 billion estimated net worth. Such bonds are generally underwritten by an insurer or specialized bond company. But Trump’s lawyers said that after approaching 30 such companies, none agreed to take the ex-president’s real-estate holdings as collateral.
FAQs:
What has Donald Trump hinted about securing $454 million bond?
Days before the deadline to secure a bond of $454 million comes to an end, former US President Donald Trump has said that he has about $500 million in cash.What will happen if Donald Trump does not secure a bond?
The New Attorney General’s office has filed judgments in Westchester County, which may be considered the first step in the direction of seizing Trump’s property. New York Attorney General Letitia James earlier indicated that the state was preparing to seize Donald Trump’s golf course and private estate north of Manhattan, known as Seven Springs.
(Agency: The Feed)
