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.
He’s not broke. TruthSocial is about to go public via SPAC and make him about $3.3B. Company will trade under ticker DJT.
From Reuters
This is all a nice distraction to rile his base.
I don’t have that kind of money to risk, but this seems like a great opportunity to short a stock.
Not sure who was making that value projection, but if it was a trump-involved party, you can definitely count on that being over inflated bullshit.
We all need to stop regurgitating trump headlines/talking points verbatim without attempting to add some context.
Yeah honestly it’s hard to believe it could be worth that much.
If he died it would become worthless.
What a dumb investment.
He can’t cash that out in time to help with this, and what bail bondsman is going to take shares of a social media company as collateral?
He gets shares, which they value at that price now. It’s not a successful social media network. The price may drop once floated. He can’t touch the shares for 6 months. Without being propped up, it may be dead by then, although depending on launch, it may still be viable at that point as the election will still be ongoing. However, if he crashes and burns (jail, insovlency) before then, it could also crash and burn. He’s still in his Icarus phase.
S no, he doesn’t have 3 billion lying around. We also don’t know his debts, which may also be billions.
DJT’s public offering needs to be pushed out past the first or second week of May in order to screw Donnie over. He can’t cash out any shares for six months, or use those shares as collateral for six months either.
If he loses in November, that stick becomes worthless.