Trump needs a $464m bond in six days. What if he can't get it?

Donald Trump's lawyers are asking a New York court to put a $464m (£365m) fine in a civil fraud case on hold, as the former president finds himself in a precarious financial situation that could ultimately see his most prized properties taken.

If Mr Trump wants to continue his appeal in the case without the state seizing the fine from him, he must submit the full amount in cash or secure a bond from a private company by 25 March.

You can read more on the story here:
https://www.bbc.co.uk/news/world-us-canada-68609685
https://www.bbc.co.uk/news/world-us-canada-68600093

(edited 8 months ago)

Reply 1

StriderHort

Lose his stuff probably. He seems to think having to sell your stuff to pay your bills or go to jail only happens to poor people.

He'll prob have another 100 odd million to pay for defaming his sexual assault victim again too.

Reply 2

Talkative Toad

Volunteer Team

Trump civil fraud case: New York court lowers bond to $175m and gives 10-day deadline

Reply 3

Gazpacho.

Amazed that he needed the bond to be reduced after he stated he had $500 million in cash. A man of Trump's integrity and honesty would never lie about the value of his assets.

Reply 4

StriderHort

Special treatment again :naughty:

His and his spawns rants seek to overlook the simple fact that the bond agenies are saying no because they don't think they'll get their money back. Its not the amount that's scaring them, they just know it's bad business.

Reply 5

jacksmith23

Original post by Talkative Toad

Donald Trump's lawyers are asking a New York court to put a $464m (£365m) fine in a civil fraud case on hold, as the former president finds himself in a precarious financial situation that could ultimately see his most prized properties taken.
If Mr Trump wants to continue his appeal in the case without the state seizing the fine from him, he must submit the full amount in cash or secure a bond from a private company by 25 March.
You can read more on the story here:
https://www.bbc.co.uk/news/world-us-canada-68609685
https://www.bbc.co.uk/news/world-us-canada-68600093

he's gotten it reduced and with his truth social company being public, he's basically set

Reply 6

jacksmith23

Original post by Gazpacho.

Amazed that he needed the bond to be reduced after he stated he had $500 million in cash. A man of Trump's integrity and honesty would never lie about the value of his assets.

he said something like 400m but the carrol case, and other expenses probably eaten a lot of his cash funds

Reply 7

livin1984

The people saying he'll destroy Democracy, are literally destroying Democracy

The fact is the more they go after him, the more popular it makes him and turns him into martyr

lmao

Reply 8

StriderHort

Original post by jacksmith23

he's gotten it reduced and with his truth social company being public, he's basically set

I'll be curious how much of that inflated paper fortune he's ever able to actually access, it all has the whiff of more scamming and a court could force disgorgement or simply raise the scale of his future fines.

Reply 9

the bear

He could make a special edition movie with Stormzy Daniels

:puke:

Reply 10

Gazpacho.

Original post by jacksmith23

he's gotten it reduced and with his truth social company being public, he's basically set

Shares do not equal liquid assets.

Reply 11

Gazpacho.

Original post by jacksmith23

he said something like 400m but the carrol case, and other expenses probably eaten a lot of his cash funds

Why are you assuming he has the cash funds he claims to have? He routinely lies about his wealth. This was what this case was literally about.

Reply 12

jacksmith23

Original post by Gazpacho.

Shares do not equal liquid assets.

yes but he can liquidate his shares. which he could do

Reply 13

jacksmith23

Original post by Gazpacho.

Why are you assuming he has the cash funds he claims to have? He routinely lies about his wealth. This was what this case was literally about.

i see no reason for him to lie in his cash funds. lying benefits typically. the case he lied to get a better loan deal.

Reply 14

StriderHort

Original post by jacksmith23

yes but he can liquidate his shares. which he could do

I believe he actually can't for now, these sort of deals come with restrictions about when/how/who you can sell to.

(He pulled the same omission stuff with Mar-a-Lago, going on about it's huge value, but keeping forgetting to mention the massive zoning and use restrictions applying to the property making is near worthless to most buyers - at the end of the day an asset is worth what someone will physically pay for it, not what you write on the price tag.)

RE : lying about cash, it's known he does this whenever it suits him, even now when he's caught he still needs to feed the daily tirades of boastful victimhood, any figure he puts out publicly is meaningless at this point.