Trump fears he may have to āsell Great Assets, perhaps at Fire Sale pricesā
Former President Donald Trump lashed out at the judge who imposed a $450+ million penalty in his New York fraud case after his lawyers admitted he was unable to secure a bond to appeal the case.
Trumpās lawyers on MondayĀ askedĀ a New York appeals court to stay the enforcement of the judgment in his fraud case, saying it has been impossible to secure a bond necessary to appeal the judgment after approaching 30 different underwriters.
The former president lashed out at the judge on Truth Social after the filing.
āEngoron wants me to put up the ridiculous fine (I DID NOTHING WRONG!) before I get a chance to Appeal his crazed ruling - A first!ā Trump falselyĀ wrote. New York lawĀ requiresĀ a defendant to put up the full judgment amount with interest in order to appeal a civil judgment.
I saw a comment somewhere that claimed the RNC only has like $10 million in funds, wouldnāt even put a dent in what he owes.
Itās funny how badly he has screwed himself. Heās spent decades overinflating the value of his properties and then taking loans and mortgages out on them and using that to claim heās a billionaire. Now the courts used his own claims of how rich he is to issue a fine and heās struggling to pay it because his actual net worth is a tiny fraction of what he has claimed it is. Heās basically created his own personal sub-prime mortgage bubble and itās teetering on the edge of collapse now.
The funny part is that he could have just kept getting away with it until his brain finally strokes out, but instead he decided that he would rather destroy US democracy instead of just living out his life as a rich old man.
Keep going, Iām almost there!!
That was fun to read