Trump has admitted in an unhinged rant on social media that he may have to sell his assets at ‘ fire sale prices’ to foot the $464m fraud judgement....CONTINUE READING
Writing on Truth Social, the former President said: “Nobody has ever heard of anything like this before. I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone.”
Despite once boasting he had an almost $9 billion fortune, Donald Trump has not been able to get a bond to secure the fraud judgment against him, his lawyers have said.
In a series of posts, Trump ranted against New York state Attorney General Letitia and judge Arthur Engoron. The former president and his company need to post a bond for the total amount – $464 million (£365 million) – by next week to stop the Attorney General from being able to collect the cash while he appeals.
Trump has lashed out at Judge Arthur Engoron. He wrote: “Judge Engoron actually wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision.
In other words, he is trying to take my Appellate Rights away from me when I have already won at the Appellate Division, but he refuses to accept their already made decision.”
Last month, New York State Supreme Court Justice Arthur Engoron found the former president of over estimating the values of his properties in order to dupe lenders and insurers.
Trump and his companies were ordered to pay the state $354,868,768 plus interest, pushing the penalty now to $464million. He has also been banned from doing business in New York for three years, while his sons Donald Jr. and Eric are barred for the next two years…CONTINUE READING>>
