Donald Trump recently claimed to have “almost five hundred million dollars in cash,” contradicting earlier statements from his lawyers stating he couldn’t afford a bond to delay a $454.2 million judgment against him in his New York civil fraud case. Trump’s assertion, made on Truth Social just last night, now suggests he could potentially cover the judgment. The payment arises from the lawsuit filed by New York Attorney General Letitia James. The lawsuit accused Trump and associates of inflating asset values to obtain better business deals, resulting in hefty fines.
Trump’s legal team previously argued that securing a bond was “impossible,” citing refusal from over 30 companies to accept Trump’s real estate as collateral. This is clearly at odds with Trump’s recent declaration of substantial liquid assets, earmarked in part for his presidential campaign.
The judgment, totaling over $450 million, includes fines and interests directed not just at Trump but also his sons, Eric and Donald Jr., and former Trump Organization CFO Allen Weisselberg. Despite the legal challenges, Trump’s representation maintains difficulties in posting bond due to the real estate nature of his wealth, necessitating sales or mortgages for compliance. Trump faces a deadline to satisfy the judgment or risk asset seizure, including notable properties like 40 Wall Street and Trump Tower. Whether he has actually found the liquid assets to be able to cover the payment is yet to be determined.
