Former President Trump says he has nearly $500 million in cash, suggesting he has the money to post bail in the New York civil fraud case on Monday, as required by a judge.
Trump and his legal team appealed and requested a stay of his $454 million civil fraud sentence. He must post that bail by Monday.
TRUMP'S LEGAL TEAM DEFEATS 'UNCONSTITUTIONAL' ATTEMPT TO FORCE PROPERTY SALE AS DEADLINE FOR $454M FINE NEARS
“Through hard work, talent and luck, I currently have nearly half a billion dollars in cash, a substantial amount of which I intended to use in my campaign for president,” Trump posted on his Truth Social on Friday. the morning.
New York Judge Arthur Engoron ruled that former President Trump must pay more than $350 million in damages to the state of New York as a result of his civil fraud trial. (FoxNews)
“The often-revoked political judge in the rigged and corrupt attorney general case, in which I have done nothing wrong, knew it, wanted to take it away from me, and that is where and why he came up with the shocking figure that, together with his “The crazy interest claim is about $454,000,000,” Trump said, referring to New York Judge Arthur Engoron, who presided over New York Attorney General Letitia James' case against him.
NY AG ASKS COURT TO IGNORE TRUMP'S CLAIM THAT PAYING $464 MILLION FINANCIAL IS A 'PRACTICAL IMPOSSIBILITY'
“I didn't do anything wrong except win an election in 2016 that I wasn't expected to win, I did even better in 2020 and now I lead, by a long shot, in 2024,” Trump continued. “This is communism in America.”
“No trial, no jury, no crime, no victim, just a corrupt judge and a corrupt attorney general who hates Trump and takes orders directly from the White House,” Trump said of Engoron and James. “Electoral interference at a level never seen before!!!”
Trump wrote both posts in capital letters.
Trump's lawyers said Monday that “ongoing diligent efforts have demonstrated that bail in the full amount of the sentence is a 'practical impossibility,'” amid attempts to approach about 30 surety companies.
Lawyers said the “enormous magnitude” of the bond requirement, which effectively requires cash reserves close to $1 billion, is “unprecedented for a private company.”
NEW YORK ATTORNEY GENERAL MOCKS TRUMP FOR THE INTEREST HE OWES ON CIVIL FRAUD SENTENCE
James has responded, calling Trump's request for a suspension “extraordinary” and “inappropriate.” James has said Trump should be able to secure the full value through multiple collateral or offer his real estate holdings as collateral.
But Trump's lawyer, Clifford S. Robert, sent a letter to the Appellate Division of the New York Supreme Court on Thursday, arguing that James' efforts are “unconstitutional.”
New York Attorney General Letitia James sits in the courtroom during the fraud trial of former President Donald Trump and his children on Friday, November 3. (Dave Sanders-Pool/Getty Images)
Fox News Digital has learned that Trump and his legal team are exploring “all options on the table.”
A family source told Fox News Digital that his team plans to “exhaust all options.”
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“Trump's team continues to look at every option imaginable,” the source said, adding that they are “hoping for the best, but preparing for the worst.”
If Team Trump's appeal is granted, bail could be significantly reduced. It is unclear whether the court will rule on his appeal.
