Trump defends his ‘greatest properties in the world’ and ‘liquid’ company after lawyers warned he would have to sell ASSETS to cover the $453.2 million bond (even though he still has a lifeline)
- The interest on New York’s fraud fines is rising by more than $100,000 per day
- New York Attorney General Letitia James is threatening to seize Donald Trump’s assets to pay the fine
- Trump claimed the civil case was part of a ‘witch hunt’ waged against him since he became president in 2016
An angry Donald Trump defended his “world’s greatest properties” and the success of his real estate company as he lashed out at a New York judge who rejected his bid to post $100 million bail in the fraud case.
The former president also defended his company, which he said was only under fire because of his political success as a Republican.
A New York appeals court shut down his bid to post just $100 million in bail after his lawyers warned he might have to sell his assets to cover the full amount.
The 77-year-old does have a financial lifeline if a merger between his Truth Social network and Digital World Acquisition Corporation goes through.
But he only has 17 days to pay the fine in full or raise the money to post the bond.
“I have done nothing wrong except build a successful and highly liquid company that owns some of the largest properties in the world and defeat Hillary Rodham Clinton and the Democrats in the 2016 presidential election, an election that was not expected that a Republican would win. ‘Trump wrote on its Truth Social platform.
Former President Donald Trump expressed continued frustration Thursday evening over his conviction in his civil fraud case in New York, which saw him post $453.2 million in bail.
Trump had just 30 days from the date of the ruling – February 16 – in which he had to pay the full amount or post a bond.
Trump’s lawyers said Thursday that the former president would post $100 million in bail, arguing that Trump’s company could not secure the full amount to pay the judge’s “exorbitant and punitive amount.”
New York Attorney General Letitia James continues to mock Trump after the ruling, posting updates about the rising compensation on social media. The fee increases by $111,984 in interest per day.
James has even threatened to seize some of Trump’s buildings in New York City to pay the fine.
“If he does not have the money to pay off the judgment, we will pursue mechanisms in court to enforce the judgment, and we will ask the judge to seize his assets,” she told ABC News last week.
The former president claimed he was being persecuted for his political success and pointed out that he ‘dominated’ his Democratic opponent Joe Biden in the polls
New York Attorney General Letitia James continues to mock Trump after the ruling, posting updates about the rising compensation on social media. The fee increases by $111,984 in interest per day
One potential financial lifeline for the president is his proposal merger between his Truth Social network and the Digital World Acquisition Corporation, a deal that could be worth as much as $4 billion when it closes. The company is expected to vote on its merger with Trump Media on March 22.
The former president claimed he was being persecuted for his political success, noting that he “dominated” his Democratic opponent Joe Biden in the polls.
“This is a weaponized attack on Joe Biden’s political opponent, unlike anything that has happened in the history of the United States,” he said, repeating that the whole thing was a “political witch hunt.”
He warned that the unjust ruling would only motivate more companies to leave New York State, leading to the “destruction” of the state as companies would leave by the “thousands.”
‘We will continue to appeal until justice prevails!’ Trump concluded.