Donald Trump is close to the deadline to post bond in his fraud trial—and he’s screwing himself over even more.
After having reached out to several guarantors and 30 suretors for help posting his $464 million New York bank fraud bond, Donald Trump suddenly wants everyone to know he actually does have the cash.
In a bizarre rant on Friday morning, the man who was found to have defrauded banks and investors by overvaluing himself and the value of his properties claimed that he had accrued the wealth by way of “HARD WORK, TALENT, AND LUCK.”
Trump also admitted he has nearly half a billion dollars in cash.
The confession directly contradicts a filing from his legal team last month arguing that it would be “impossible” to secure a bond covering the full amount of the multimillion-dollar ruling.
Trump’s words will surely help out New York Attorney General Letitia James, who on Wednesday urged an appeals court to ignore Donald Trump’s latest effort to worm his way out of paying the $464 million disgorgement from his bank fraud trial.
Honestly I don’t believe for a second that he actually has the money. I just don’t think he can handle people (HIS people) knowing that he’s flat fucking broke and at the end of his rope.
Monday we’ll find out if Schrodinger’s cash was in the box or not.He’s not broke. TruthSocial is about to go public via SPAC and make him about $3.3B. Company will trade under ticker DJT.
This is all a nice distraction to rile his base.
He can’t cash that out in time to help with this, and what bail bondsman is going to take shares of a social media company as collateral?
I’ve read he legit does have a bit over $500M liquid, but if he touches more than $450M of what remains, loans will automatically start getting called in.
Loans he can’t pay if he only has $50M liquid left.
That’d be economics 101. Cash sitting idle loses value, so keep it to a minimum.
But we’re not about that. Buahaha, Trump’s such a loser, he doesn’t even have a few million in the back!!1
I mean, yeah, he “admitted” it… but knowing how much of a pathological liar he is, it’s also possible that he just wanted to look “successful” to his captive rubes.
Either way, he is absolutely creating real and serious problems for himself by saying that. And I love that for him.
Can you explain what you mean by the 2nd paragraph? Could that put him in legal trouble for the motion his lawyers filed to the court that claimed it was “impossible” for him to secure enough cash to cover bond?
If he’s saying he has it and he actually has it: he shot himself in the foot, because now the courts will put his finances under a microscope to find it. And they’ll probably find it.
If he’s saying he has it and he doesn’t actually have it: he still shot himself in the foot, because the courts are still gonna put his finances under a microscope, except it will last way longer because they’ll find out he’s actually broke, and also perhaps misrepresented his assets and income outside of the context of the NY civil case, which might yield some new charges involving criminal tax evasion, depending on what they find.
The way I’m reading it (and I could absolutely be wrong here) but it sounds like he might be saying he has the money now thru hard work and tan lotion or whatever the hell. Not that he always had it. That would still cause problems but not nearly as much as if he is saying he always had it. Cause then he basically lied in court under oath which is obviously a no no.
But if he’s saying he like hit the ground and made some shrewd genius business moves to raise the money quickly or something I don’t think that would cause a ton of problems. And I could easily see some moron rich people getting together and just giving him the money or something
It’s that, or he’s getting ready to have the RNC bankroll his financial losses. Which I’m sure will trigger tons of lawsuits from people who are very not ok with that.
This is all just a smokescreen. The objective is to create chaos and confusion. Delays here help trump.
So he’s essentially inviting the state of New York to perform a super mega audit of his finances. Got it.
More or less, yeah. And, depending on what they find, they might tell the IRS that they should have a look, too.
