Trump’s Campaign Insists He’s Really Not Mad About Owing $454 Million
Once again, Donald Trump wants everyone to know he is totally not worried about money—especially not the $454 million judgment stemming from his New York bank fraud trial that the self-purported billionaire can’t seem to muster the money for.
“These baseless innuendos are pure bullshit,” Trump campaign spokesman Steven Cheung said in a statement on Tuesday, referring to a CNN segment that reported the GOP presidential nominee was looking to sell his New York properties—and fast.
“President Trump has filed a motion to stay the unjust, unconstitutional, un-American judgment from New York Judge Arthur Engoron in a political Witch Hunt brought by a corrupt Attorney General,” Cheung continued. “A bond of this size would be an abuse of the law, contradict bedrock principals [sic] of our Republic, and fundamentally undermine the rule of law in New York.”
But Cheung’s insistence that Trump isn’t trying to get rid of his properties just doesn’t seem to jibe with what Trump himself is saying, and what seems to be keeping him up at night. On Tuesday, the former president was online in the early morning hours, complaining that he’d have to sell his properties at “Fire Sale prices” to cover the disgorgement.
“I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!” he wrote on TruthSocial.
So far, Trump has tried and failed to pause the rapidly growing interest, counteroffering the court a $100 million bond in lieu of the full amount. He has also approached several brokers and several dozen suretors for help securing a bond. That, however, didn’t work out for him, according to a filing by Trump’s attorneys, who admitted that suretors refused to accept Trump’s real estate as collateral. Instead, they would only accept cash to the tune of $1 billion, which Trump said he and his businesses just don’t have. All in all, a curious turn of events for a man who claimed during a deposition last year that he had “substantially in excess of 400 million in cash” which was “going up very substantially every month.”
Earlier this month, Trump bragged to Fox News’s Brian Kilmeade that he has “a lot of money” and that he doesn’t “worry about money.” But for all his posturing, Trump is quickly running out of time. The former president has until Monday to come up with nearly half a billion dollars before he’s legally allowed to appeal the case.
