Trump Reveals He Could Afford $454 Million Bond
As the deadline for former President Donald Trump to pay the $454 million fine slammed against him in the New York civil business fraud case, he revealed on Friday that he has close to $500 million cash available to cover the bond.
He revealed he had the money in a post to Truth Social, sharing that he had initially planned to use the money obtained “through hard work, talent and luck” for his 2024 presidential campaign.
According to Trump, the exorbitant fine New York Judge ordered him to pay was intended to hinder his campaign.
“The often overturned political hack judge on the rigged and corrupt A.G. case, where I have done nothing wrong, knew this, wanted to take it away from me, and that’s where and why he came up with the shocking number which, coupled with his crazy interest demand, is approximately $454,000,000,” he said.
Maintaining his innocence, Trump added, “No trial, no jury, no crime, no victim, only a crooked judge and a corrupt, Trump hating attorney general who takes her orders directly from the White House. Election interference at a level never seen before!!!”
In his ruling last month, Engoron ruled in favor of New York Attorney General Letitia James’ allegations that Trump inflated his net worth to get favorable bank loans and ordered him to pay $350 million in fines. The fine increased to $454 million with interest.
Trump’s lawyers tried to get a stay on the ruling pending his appeals but his request was rejected by a New York appeals court on Feb. 28. Now he has until Monday to make the payment as ordered by Engoron.
Trump criticized Engoron’s ruling once more this week in a post to Truth Social on Tuesday, saying that the bond amount would force him to mortgage or sell some of his assets at “Fire Sale prices.”
“Judge Engoron actually wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision. In other words, he is trying to take my Appellate Rights away from me when I have already won at the Appellate Division, but he refuses to accept their already made decision. Nobody has ever heard of anything like this before,” he wrote.