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.
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.
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.
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.