Has he been fronting the idea that he has money he doesn’t have?
Is his ‘wealth’ tied up in Real Estate that is probably worth times less then he syas it is?
Is Trump trying to stall to get some money from a possible deal with his Truth Social on-line network?
The guy IS on the hook for MORE THAN $500M….
He just told a judge he doesn’t have the money to advance an his NYS civil judgement….
Nobody will ‘lend’ him anymore money….
He’s s credit ‘risk’, eh?
Trump’s lawyers said freeing up cash by offloading some of Trump’s properties in a “fire sale” would be impractical because such cut-rate deals would result in massive, irrecoverable losses.
Not mentioned in Trump’s court filings Monday was the presumptive Republican presidential nominee’s potential financial windfall from a looming deal to put his social media company, Trump Media & Technology Group, on the stock market under the ticker symbol DJT.
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Trump is asking a full panel of the intermediate appeals court, the Appellate Division of the state’s trial court, to stay the Engoron judgment while he appeals. His lawyers previously proposed a $100 million bond, but Appellate Division Judge Anil C. Singh rejected that after an emergency hearing on Feb. 28. A stay is a legal mechanism pausing collection of a judgment during an appeal.
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Gary Giulietti, an insurance broker friend enlisted by Trump to help obtain an appeal bond, wrote in an affidavit Monday: “A bond of this size is rarely, if ever, seen. In the unusual circumstance that a bond of this size is issued, it is provided to the largest public companies in the world, not to individuals or privately held businesses.”
Giulietti, who acts as an insurance broker for Trump’s company, testified at the civil fraud trial as an expert witness called by Trump’s lawyers. In his ruling, Engoron observed that some of Giulietti’s testimony was contradicted by other witnesses, including a different defense expert. He noted that Giulietti’s company collected $1.2 million in commissions on its Trump accounts in 2022.
In all, Trump has more than $543 million in personal legal liabilities from three civil court judgments in the past year. Bonding requirements could add at least $100 million to that total.
In January, a jury ordered Trump to pay $83.3 million to writer E. Jean Carrollfor defaming her after she accused him in 2019 of sexually assaulting her in a Manhattan department store in the 1990s. Earlier this month, after his lawyers made similar arguments that he be excused from posting a bond, Trump did secure a $91.6 million bond to cover 110% of the Carroll judgment while he appeals.
Last year, a jury ordered Trump to pay Carroll $5 million in a related trial. In that case, rather than post a bond, Trump put more than $5.5 million in cash in an escrow account while he appeals…..