Will Donald Trump raise cash?
Trump’s lawyers have talked about the difficulty the former president is facing in securing a bond. The former president is making attempts to raise more cash for both his legal bills and third run for the White House.
Judgment entered in New York
The judgment imposed by Judge Arthur Engoron has already been entered in New York city where Trump’s properties including Trump Tower, and his penthouse at Trump Tower are located. Donald Trump is now left with only four days to satisfy the judgment or convince an appeals court to allow him to post a smaller amount or defer posting the payment until after the appeal.
Trump’s attorney: Unconstitutional
Earlier, Trump’s attorney Clifford Robert said that Leitita James’ suggestion that Trump secure multiple smaller bonds or hand over property to the court was “illogical,” “unconstitutional,” “impractical,” and “unjust.” He also said that the proposal was impractical and “functionally equivalent” to the Trump Organization’s court-appointed monitor.
Donald Trump on Truth Social
In a post on the social media platform ‘Truth Social’, the former president said putting up the money is ‘very expensive’ and said it was “not possible for bonding companies to do in such a high amount.”
Difficult to seize Trump’s property?
However, it will not be easy to seize Trump’s property. He has structured his business by setting up limited liability companies for nearly every property or asset, which are controlled by his trust.Meanwhile, Trump’s lawyers on Thursday made several suggestions to the New York attorney general’s office on how he can pay bond. These include the idea that Trump could get several underwriters to secure bonds totaling the judgment.
FAQs:
What has the attorney General’s office done?
In what may be termed as the first step in the direction of seizing the property of former US President Donald Trump, the Attorney General’s office has filed judgments in Westchester County.
What will Donald Trump do now?
Donald Trump is now left with only four days to satisfy the judgment or convince an appeals court to allow him to post a smaller amount or defer posting the payment until after the appeal. Trump can also get several underwriters to secure bonds totaling the judgment.
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