Donald Trump has admitted that he would possibly have to sell some of his assets at reduced costs to pay his £367 million court bill.
Speaking to Truth Social, the former president said, “No one had ever heard of anything like this before. I would be forced to lend or sell giant assets, at discounted prices, and if I won the appeal, they would be wiped out. “
Although he had a fortune of about $9 billion in the past, Trump is not raising enough cash to pay the lawsuit being filed against him, his lawyers said.
Trump was infuriated in a series of messages related to New York Attorney General Letitia James and Judge Arthur Engoron. The ruling says Trump and his corporations will have to pay $464 million, or else the attorney general may keep the money while Trump tries to challenge the ruling in court.
President Trump: “Judge Engoron needs me to spend many millions of dollars to have the right to appeal his ridiculous ruling. In other words, he’s looking to take away my appeal rights when I’ve already won in the Appellate Division. But he refuses to conform to the resolution that has already been made. “
Last month, Judge Engoron of New York found the former president guilty of inflating the prices of his homes to lie to lenders and insurers. Trump and his corporations have been asked to pay around $464 million (£367 million) in interest.
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Last month, Judge Engoron of New York found the former president guilty of inflating the prices of his homes to lie to lenders and insurers. Trump and his corporations have been asked to pay around $464 million (£367 million) in interest.
The verdict also bans him from doing business in New York for three years, while his sons Donald Jr. and Eric are banned for two years.
In a previous article, he said, “He is a dishonest, crazed judge who hates Trump, who has no respect for appellate judges, and who has shredded the legal formula of New York State. “
The former president criticized Attorney General (AG) James as a “racist and politically corrupt AG. “In his words, he ran only to “get Trump. “
He expressed his frustration on Truth Social, a post he submitted after being banned from Twitter.
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Trump has warned that any company that sets up shop in New York state “is CRAZY. “He said companies already offering would flee as a result of the indictment opposing him.
On Monday, Trump’s lawyer asked a higher court to intervene, saying he had failed to secure bail. “The diligent and continuous efforts of the defendants have shown that bail for the full amount of the sentence is ‘a practical impossibility. ‘”His legal team noted in court records.
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