Despite what his lawyers say, President Trump claims he has the funds to post the bond if necessary.
President Trump is required to post the bond by Monday. If he does not pay the bond in full, New York Attorney General Letitia James would be able to seize his bank accounts or properties.
🚨Former President Trump says he has nearly $500 million in cash, suggesting he has the money to post bond in the New York civil fraud case on Monday as required by a judge. pic.twitter.com/yRgtkVslRI
— LD Basler (@ArmaLite15OU812) March 22, 2024
NBC News adds President Trump’s comments on the money:
“Through hard work, talent, and luck, I currently have almost five hundred million dollars in cash, a substantial amount of which I intended to use in my campaign for president,” Trump wrote in a post on Truth Social in all caps. “The often overturned political hack judge on the rigged and corrupt A.G. case, where I have done nothing wrong, knew this, wanted to take it away from me, and that’s where and why he came up with the shocking number which, coupled with his crazy interest demand, is approximately $454,000,000.”
Trump wrote that he did “nothing wrong except win an election in 2016 that I wasn’t expected to win, did even better in 2020, and now lead, by a lot, in 2024. This is communism in America!”
Fox News expands on the viewpoint of President Trump’s lawyers:
Trump lawyers on Monday said that “ongoing diligent efforts have proven that a bond in the judgment’s full amount is a ‘practical impossibility,’” amid attempts to approach about 30 surety companies.
The lawyers said the “enormous magnitude” of the bond requirement, which effectively requires cash reserves approaching $1 billion, is “unprecedented for a private company.”
While President is in good confidence he has the funds to post the bond, his lawyers have claimed on multiple instances he would not be able to pay the bond.
The Hill expands on the options President Trump and his team have explored to post the bond:
His attorneys claim that they’ve spend “countless hours” negotiating with one of the largest insurance companies and have approached 30 companies to back the bond, but to no avail. His lawyers said Trump is also unable to put up property for collateral as part of the bond.
Trump’s critics have suggested the former president might secure the funds from a foreign source if he’s unable to secure a bond before Monday.
His lawyer Alina Habba on Wednesday responded to those claims. “Well, there’s rules and regulations that are public. I can’t speak about strategy; that requires certain things, and we have to follow those rules,” she told Fox News’s Martha MacCallum.
Many people have posted their confusion and frustrations over the size of the bond on X:
Judge Engoron’s ruling to force President Trump to pay a $454 million bond in the political witch hunt brought by New York Attorney General Letitia James is wholly unjust.
A bond of this magnitude and amount has never been made where there are no victims and no damages.… pic.twitter.com/PcXzgwYu4a
— Marjorie Taylor Greene 🇺🇸 (@mtgreenee) March 21, 2024
If only President Trump had brutally stabbed someone in the NYC Subway, then he wouldn’t have to post bond.
— Bad Hombre (@joma_gc) March 22, 2024
🚨 #BREAKING: NY Attorney General Letitia James has just taken the initial steps to SEIZE President Trump’s assets
This is TOTALLY un-American, and the bond payment deadline hasn’t even been reached yet.
James is starting off with Trump’s golf course and private estate north of… pic.twitter.com/M4FxMEkcdL
— Nick Sortor (@nicksortor) March 21, 2024
It should have been done as soon as the ridiculous ruling was announced
It clearly violates the 8th amendment
And to not be able to appeal until bond is posted president Trump's rights were clearly trampled on by the new York AG and the court Judge— Steven Nagel (@StevenNagel14) March 22, 2024
This is election interference. They excessive bond amount is exactly the amount president Trump has to campaign. If this is an election interference I don't know what it's called. The Democrats are dirty, dishonest disgusting excuses for human beings. Anything for power! https://t.co/2feBTwPXiL
— GratefulAmericanLady (@Tamiran38) March 22, 2024
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