- President Trump claims to have nearly $500 million in cash, despite being unable to pay the $454 million judgment.
- Trump, his sons and employees were found liable for fines for inflating the value of Trump Organization assets.
- New York's attorney general said Trump's assets could be seized if the bond is not met.
Former President Donald Trump claimed to have nearly $500 million in cash, even though he said it would not cover his $454 million judgment in a New York civil fraud case.
“Through hard work, talent, and luck, I now have nearly $500 million in cash, a significant amount of which I intended to spend on my presidential campaign,” Trump said in a post on Truth Social early Friday morning. ” he said.
And he claimed that the judge in the New York civil fraud case knew how much property he had and wanted to take it away, so he sentenced him accordingly.
Last month, Judge Arthur Engoron handed down nearly $500 million in cash penalties to President Trump, his sons Eric Trump Jr. and Donald Trump Jr., and employees of the Trump Organization for conspiring to inflate asset values. handed down the sentence.
Mr. Trump obtained more than $350 million through fraud, and a judge ruled that he owed a total of $454 million, including interest.
Mr. Trump's claims about the amount of cash he holds contrast with those of his lawyers.
His lawyers said in a March 18 filing that it would be “practically impossible” for him to post the full bond, and that despite having approached about 30 bond underwriters, he was unable to post the bond. He said they were facing “insurmountable difficulties” in securing them.
New York Attorney General Letitia James, who filed the lawsuit against him, said she was prepared to seize Trump's assets if he did not pay his bail, which is due on Monday.
President Trump has denied wrongdoing and asked the appeals court to suspend the sentence or lower bail requirements. The court has not yet made a final decision.
On Friday, President Trump told Fox News Digital, “I'm willing to take this case all the way to the U.S. Supreme Court if necessary.”
He reiterated his claim that he has nearly $500 million in cash and property, but said, “That doesn't mean I'm going to give money to corrupt and incompetent judges.”
