Major Asset Seizure Likely as Trump Can't Afford Bond for NY Fraud Case
Less than a month after New York Attorney General Letitia James said she would be willing to seize former Republican President Donald Trump's assets if he is unable to pay the $464 million required by last month's judgment in his civil fraud case, Trump's lawyers disclosed in court filings Monday that he had failed to secure a bond for the amount.
In the nearly 5,000-page filing, lawyers for Trump said it has proven a "practical impossibility" for Trump to secure a bond from any financial institutions in the state, as "about 30 surety companies" have refused to accept assets including real estate as collateral and have demanded cash and other liquid assets instead.
To get the institutions to agree to cover that $464 million judgment if Trump loses his appeal and fails to pay the state, he would have to pledge more than $550 million as collateral—"a sum he simply does not have," reportedThe New York Times, despite his frequent boasting of his wealth and business prowess.
Remember he testified that he had that kind of liquidity several times. He is absolutely fucked.
Ok guys, i dont want to sound like a conspiricy theorist or anything, but sometimes i get a slight suspicion that he might be lying to make himself look better...
No waaay. Why would a guy with a gold toilette have an ego like that?
Who would lie under oath though?
Hopefully his continued complaints and stalling would result in perjury?