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Trump just made it easier for Letitia James to go after his cash: legal expert
Mar 23, 2024
Donald Trump's recent cash flex could backfire bigly.As the looming Monday deadline nears to pony up on a $464 million bond set in his civil fraud disgorgement trial loss, Trump went out on a bold limb to post a Truth Social all-caps screed declaring he was cash rich. "THROUGH HARD WORK, TALENT, AND LUCK, I CURRENTLY HAVE ALMOST FIVE HUNDRED MILLION DOLLARS IN CASH, A SUBSTANTIAL AMOUNT OF WHICH I INTENDED TO USE IN MY CAMPAIGN FOR PRESIDENT," former President Donald Trump writes in the post. ALSO READ: Here's why conservative elites are bailing on Trump nowThis revelation of hard currency in his hands right now had former federal prosecutor Ryan Goodman suggesting it could open up a window for New York Attorney Letitia James. "If it's all true that also means he is sitting on north are $400 million and that's exactly what the attorney general can go after these properties," he said while appearing on CNN's "Out Front." "It's easier to go after the liquid assets than it is to go after these properties; it also avoids some of the optics of going after the properties."The main takeaway: cash can be hers for the seizing. "That's available to her to do," he said.Trump must post the bond for the full amount by the deadline or face James, who brought the case, using her powers to seize any of his real estate properties or bank accounts. So far lawyers for the 45th president are appealing the judgment and also admitted in a court filing that he has been unable to secure a bond.Watch the video below or click the link right here.
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Politic
N.Y. jury won't consider Trump a 'sympathetic character': ex-prosecutor Preet Bharara
Mar 23, 2024
It's reportedly going to be tough for the court to find sympathy for Donald Trump.Former United States Attorney for the Southern District of New York Preet Bharara joined CNN's Anderson Cooper to discuss the cash quagmire that the former president has found himself in. The one constant for the former prosecutor is that Trump had ample time to prepare to handle this maelstrom. ALSO READ: Here's why conservative elites are bailing on Trump now"He knew that there was a likelihood or at least some possibility that the Attorney General to win and he understood the rule about prejudgment interests," he said. "So it was totally foreseeable months ago, not weeks ago, that he would have to put up a bond, potentially a half $1 billion. "He could have taken all sorts of steps to liquidate or to sell property, to have loans in place, to have a backup plan."But Bharara submits Trump didn't do any such thing, likely to hurt his standing. "And I think the court is not going to find him a sympathetic character in part because he had months and months and months to plan for them."Come Monday, Trump must be able to front the $464 million bond for the New York civil fraud case that he lost. Should the time elapse without Trump being able to fit the substantial sum, New York Attorney General Letitia James, who brought the suit, has free rein to seize any of Trump’s bank accounts or coveted properties; that includes Mar-a-Lago and Trump Tower. So far, Trump's lawyers stated in a court filing that been he's been turned down by 30 companies unwilling to underwrite the bond and cannot float the funds. Trump is liable for $454 million, most of the fraud judgment, but the amount he owes has been increasing by more than $111,000 a day because of added interest. Manhattan Supreme Court Justice Arthur Engoron, who set the amount of the disgorgement judgment, on Feb. 23 gave Trump 30 days to pay up.Watch below or click the link here.
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