New York AG questions Trump cash reserves as $464 million judgment looms

[BumRushDaShow]

Source: CNBC

Published Tue, Mar 12 2024 1:30 PM EDT


Former President Donald Trump has not shown that he has enough cash to cover the full amount of a $464 million civil fraud judgment if he loses his appeal, New York’s chief law officer warned in a court filing Monday evening. New York Attorney General Letitia James raised that concern as she argued that Trump and his co-defendants should be required to post cash or bonds covering the entire fraud judgment, if they want to pause it from coming due while they challenge the ruling.

“Defendants have never demonstrated that Mr. Trump’s liquid assets—which may fluctuate over time—will be enough to satisfy the full amount of this judgment following appeal,” James told a New York appeals court. Trump’s real estate holdings may also decrease in value as the appeal drags on, while post-judgment interest continues to rack up, she wrote.

His finances could be further strained by his other civil and criminal legal battles, James added, including a January jury verdict ordering him to pay $83.3 million in damages for defaming writer E. Jean Carroll. Trump “has substantial liabilities that may reduce his liquid assets further, including other outstanding money judgments against him, and he faces multiple criminal indictments,” she wrote, pointing to that verdict.

Without a full bond, the civil fraud defendants — Trump, his two adult sons, his company and its top executives — might also try to “evade” or exacerbate enforcement of the judgment if they lose the appeal, James warned. She urged the appeals court to reject Trump’s bid to stay the judgment with a $100 million bond, less than a quarter of the total amount awarded by Manhattan Supreme Court Judge Arthur Engoron. Attorneys for Trump did not immediately respond to CNBC’s request for comment on James’ filing.

Read more: https://www.cnbc.com/2024/03/12/new-york-ag-questions-trump-cash-reserves-in-464-mln-fraud-appeal.html

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Link to court filing (PDF) - https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=TcRlx9PONjOWDk8QYmk6hg==

[BadGimp]

1. He may not HAVE it but he can GET it imo...

The ruling in the Delaware court ruling regarding the Trump Media deal: https://archive.ph/NNwME is likely just one of the avenues he has in the works to deal with the Bond in the NY Fraud case.

[Aviation Pro]

3. Even if Bullshit Social does boffo box office on the IPO

Motherfucker can't touch his share for six months.

And the courts won't accept a payment on Tuesday for and hamberder today.

[Mr.Bill]

7. That's a few steps away from liquid assets or cash.

But that's the story of Trump's financial life.

[pfitz59]

2. He claims Mar Lego is worth $600 million

that should cover it.

[Old Crank]

6. Then the Florida tax man comes a callin'

The value of the property is much lower for taxes because he put restrictions on it to preserve the historical nature. It can't be used for anything else but a club.

[bluestarone]

4. Thought just popped into my head. (REALLY REALLY hope i'm wrong)

Maybe TFG has POOTY over a barrel on this one? If pooty wants TFG elected and Ukraine DEFUNDED maybe he has to pay TFG,s bond?

[erronis]

5. Even with pootie's printing presses running full speed, he probably can't manufacture $500M soon enough.

And I'm guessing the ink needs to dry before sending the stash to the NY AG.

Not sure who's over who's barrel. But I'm sure lots of (r)epuglicons and fellow-travellers are going to get rat-f*cked (to use a phrase from the most rat-faced f*cker ever.)

[Ford_Prefect]

8. Unless the Dark Money princes are holding for him, he's done IMO.

Cohen, Mary Trump, and many others who know him have said Donald is a fraud in everything, including his claims of vast wealth. I don't believe he has even half the cash on hand. Most if not all of his properties are mortgaged to the hilt. The rents he takes in barely cover his payments. No normal bank in the western hemisphere will take his business for obvious reasons. The Chubb CEO walks in his shadow, but 1/2 Billion is a tall order indeed.
I don't have a clue how he'll pony up that kind scratch. Maybe he has a few contacts from Epstein's guest list who might like to avoid the paparazzi?

[Stuart G]

10. Mr. Putin could come up with the money....but what does Mr. Trump already owe Mr. Putin?

Not in terms of money, but in terms of other such things.

[twodogsbarking]

9. Well

[keithbvadu2]

11. Jared has a couple of billion$ he could loan at a good rate of interest... if he trusts Daddy Trump.

[Hermit-The-Prog]

12. traitortrump's fraud debt just keeps going up.

https://trumpdebtcounter.com/

[niyad]

13. Looking at that rapidly increasing number is a fun thing to do before

sleep. . .Well, that and a snifter of brandy.

[llmart]

14. But...but...

he's a GAZILLIONAIRE doncha know? He's a stable genius so he'll figure it out.

I have a suggestion. Maybe Melania can have a garage sale - maybe sell some of her shoe collection. Remember when Bernie Madoff's wife cried that she'd have to sell one of her houses and absolutely no one felt sorry for her?

Donnie has always been a fraud.