Trump says he has nearly $500 million in cash but doesn’t want to use it to pay New York judgment
9 months ago

Trump says he has nearly $500 million in cash but doesn’t want to use it to pay New York judgment

Associated Press  

NEW YORK — Donald Trump claimed on Friday to have almost a half-billion dollars in cash but said he’d rather spend it on his presidential run than on the $454 million civil fraud judgment against him in New York. Trump’s lawyers asked the state’s intermediate appeals court to reverse a prior ruling requiring that he post a bond covering the full amount to halt enforcement. New York Attorney General Letitia James has fought Trump’s request, urging the appeals court to require the full amount to ensure the state can easily access the money if the verdict is upheld. Mischaracterizing the law, he added: “They can’t take away your property before you’ve had a chance to appeal.” Because the fraud case was tried in state court, Trump would likely have to exhaust the state appeals process first or ask a federal court to take up the case, which is rare, to even have a chance bring his fight to the U.S. Supreme Court. Last April, Trump testified in a deposition in the civil fraud case that he had “substantially in excess of 400 million in cash,” but that was before he sold his rights to manage a New York City golf course to casino operator Bally’s for $60 million.

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History of this topic

No presidential immunity for Trump in hush money case
Trending News
1 week ago

No presidential immunity for Trump in hush money case

Hindustan Times  

A judge on Monday ruled that Donald Trump's conviction for falsifying records to cover up a sex scandal should stand, rejecting the U.S. president-elect's argument that a recent Supreme Court ruling nullified the verdict, the New York Times reported. Former U.S. President Donald Trump, alongside his attorney Todd Blanche, speaks to the media as he arrives for his criminal trial …

Trump still owes a $454 million civil fraud judgment to New York, state attorney general says
1 week, 6 days ago

Trump still owes a $454 million civil fraud judgment to New York, state attorney general says

Salon  

Donald Trump's imminent return to the White House will not affect his $454 million civil fraud judgment, a lawyer for New York Attorney General Letitia James wrote in a letter to attorneys representing the president-elect Tuesday. Trump and his two adult sons, Don Jr. and Eric, owe $490 million in total, including interest, to the state of New York after …

Trump’s ‘nauseating’ last-ditch attempt to toss his fraud case mentions Washington and Lincoln
3 weeks, 4 days ago

Trump’s ‘nauseating’ last-ditch attempt to toss his fraud case mentions Washington and Lincoln

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Trump has appealed that judgment, but his attorney D. John Sauer — the man …

Trump seeks to have $464 million civil fraud ruling quashed for the 'good of the country'
3 weeks, 5 days ago

Trump seeks to have $464 million civil fraud ruling quashed for the 'good of the country'

Firstpost  

Trump’s lawyers filed a letter Tuesday with New York attorney general Letitia James, who brought the proceeding against the president-elect for manipulating his assets when applying for loans and insurances Donald Trump has sought to have a civil judgment against him for fraud and a $464 million penalty set aside “for the greater good of the country” as he prepares …

Appeals court ‘skeptical’ of Trump’s civil fraud conviction: Reports
2 months, 3 weeks ago

Appeals court ‘skeptical’ of Trump’s civil fraud conviction: Reports

Raw Story  

A New York appeals court five-judge panel appeared “skeptical” of the civil fraud verdict in the case charging Donald Trump, his company, some family members, and his Chief Financial Officer falsely overvalued and undervalued assets to obtain favorable loan rates and to pay less taxes. The judges “seemed somewhat skeptical that the civil fraud verdict should hold,” HuffPost reports, “with …

'Wrong on the law': Prosecutors slap back at Trump's latest effort to dodge $464M payment
4 months ago

'Wrong on the law': Prosecutors slap back at Trump's latest effort to dodge $464M payment

Raw Story  

New York prosecutors this week hit back at former President Donald Trump and his attempts to get out of paying $464 million in fraud damages, court records show. Attorney General Letitia James' office delivered Wednesday a 168-page argument to the New York Court of Appeals detailing the many reasons they believe Trump's appeal of his civil fraud case doesn't pass …

Trump asks New York appeals court to throw out $454 million civil judgment
5 months ago

Trump asks New York appeals court to throw out $454 million civil judgment

CNN  

CNN — Lawyers for Donald Trump asked a New York appeals court Monday to throw out the $454 million judgment in his civil fraud trial, arguing that the monetary penalty was unconstitutional and that most of the case should have been barred because the conduct was too old. “The award of $464 million in a case with no victims, no …

Trump's primary cash source for legal defense fund is 'dwindling' as bills pile up: report
6 months ago

Trump's primary cash source for legal defense fund is 'dwindling' as bills pile up: report

Raw Story  

Donald Trump's so-called "witch trials" are costing him big bucks. They include Save America paying more than half a million dollars to Chris Kise, who has worked on both the hush money and classified documents cases, and $390,000 to John Lauro, who worked on the election interference case. The PAC also paid $174,000 to James Otis Law Group LLC, the …

Trump cashes in on legal woes as GOP decimates Biden's massive fundraising lead
6 months ago

Trump cashes in on legal woes as GOP decimates Biden's massive fundraising lead

Raw Story  

Donald Trump's trial and eventual conviction on dozens of felony counts in his hush money case didn't hamstring the former president's fundraising efforts, instead proving a boon for him and the party — and shrinking President Joe Biden's fundraising lead as the two head into a key first debate next week. Trump’s presidential campaign, the Republican National Committee and an …

'Tons of CASH!' Trump spews angry Truth Social tirade amid NYC fraud woes
6 months, 2 weeks ago

'Tons of CASH!' Trump spews angry Truth Social tirade amid NYC fraud woes

Raw Story  

Former President Donald Trump took to his Truth Social account on Wednesday to rage against the civil fraud judgment made against him earlier this year, which put him on the hook for over $450 million in damages and limited his ability to operate in New York. His complaint arrived days after Trump was convicted in a New York City courtroom …

Trump immediately starts fundraising off guilty verdict in criminal case
6 months, 3 weeks ago

Trump immediately starts fundraising off guilty verdict in criminal case

Raw Story  

Former President Donald Trump was found guilty on all 34 counts in the New York trial that has left him officially a convicted felon. The New York Daily News reported earlier this week that Trump has spent nearly $5 million in legal fees in the month of March alone. The Brennan Center for Justice revealed earlier this month that legal …

Trump sells off $10m jet to major megadonor as he owes millions in legal fees and judgements
6 months, 3 weeks ago

Trump sells off $10m jet to major megadonor as he owes millions in legal fees and judgements

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Donald …

Donald Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower: report
7 months, 1 week ago

Donald Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower: report

The Hindu  

Former U.S. president Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper, according to a report by The New York Times and ProPublica that drew on a yearslong audit and public filings. Mr. Trump’s presidential campaign provided a statement in son Eric …

Trump scrambles for cash as huge legal fees leave little for battleground campaign: report
7 months, 3 weeks ago

Trump scrambles for cash as huge legal fees leave little for battleground campaign: report

Raw Story  

If fundraising or other means of getting cash falters, Donald Trump is close to running out of funds to pay his legal bills as his New York hush money criminal trial continues, according to a new report. Trump is racking up significant legal bills as the trial, where he's accused of falsifying business records to cover up a hush money …

Trump reaches deal with New York AG Letitia James over multi-million dollar civil fraud bond
8 months ago

Trump reaches deal with New York AG Letitia James over multi-million dollar civil fraud bond

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy After weeks of back-and-forth between Donald Trump’s legal team and …

Trump’s $175 million bond in New York civil fraud judgment case is settled with cash promise
8 months ago

Trump’s $175 million bond in New York civil fraud judgment case is settled with cash promise

Associated Press  

NEW YORK — New York state lawyers and an attorney for former President Donald Trump settled their differences Monday over a $175 million bond that Trump posted to block a large civil fraud judgment while he pursues appeals. The bond stops the state from potentially seizing Trump’s assets to satisfy the more than $454 million that he owes after losing …

Trump’s $175-million bond in New York civil fraud judgment case is settled with cash promise
8 months ago

Trump’s $175-million bond in New York civil fraud judgment case is settled with cash promise

LA Times  

Former President Trump returns to the courtroom after a recess at Manhattan criminal court on Monday in New York. New York state lawyers and an attorney for former President Trump settled their differences Monday over a $175-million bond that Trump posted to block a large civil fraud judgment while he pursues appeals. The bond stops the state from potentially seizing …

Trump's new $175M bond to be challenged in upcoming hearing: court records
8 months, 1 week ago

Trump's new $175M bond to be challenged in upcoming hearing: court records

Raw Story  

New York Attorney General Letitia James has been granted a hearing by state judge Arthur Engoron to challenge the $175 million bond former President Donald Trump posted in his civil fraud case. In a new, brief order signed by Engoron, James was directed to present her case to the court on April 22 that the bond, posted by Knight Specialty …

Donald Trump gets a big thumbs up from Americans, only 1 in 3 think...
8 months, 1 week ago

Donald Trump gets a big thumbs up from Americans, only 1 in 3 think...

Hindustan Times  

The barest third of US adults go so far as to say that he, former US President Donald Trump, committed an illegal act in the hush-money case, which is even less than half nowadays who agree that he, from the list of the four crimes pending against him, committed an illegal act. Donald Trump returned to the courtroom Tuesday as …

Letitia James demands proof that company that posted Trump's bond is 'financially sound'
8 months, 2 weeks ago

Letitia James demands proof that company that posted Trump's bond is 'financially sound'

Raw Story  

New York Attorney General Letitia James submitted a filing on Thursday asking for proof that the company covering Donald Trump's $175 million bond in his fraud case is actually "financially sound." James told the New York City civil court — where Trump was found liable for damages upwards of $464 million — that she had serious concerns about Knight Speciality …

Donald Trump posts $175 million bond in civil fraud case
8 months, 3 weeks ago

Donald Trump posts $175 million bond in civil fraud case

Deccan Chronicle  

Embattled former US president Donald Trump posted a $175 million bond in his New York civil fraud case Monday, a court document showed, avoiding asset seizures while his case winds through the appeals process.Last week, a New York appeals court cut a $454 million bond payment he was originally required to make, reducing the sum to $175 million and giving …

Trump posts $175 million bond in civil fraud case; clears path for appeal and asset protection
8 months, 3 weeks ago

Trump posts $175 million bond in civil fraud case; clears path for appeal and asset protection

Hindustan Times  

Embattled former US president Donald Trump posted a $175 million bond in his New York civil fraud case Monday, a court document showed, avoiding payment of a $454 million penalty while his case winds through the appeals process. FILE PHOTO: Republican presidential candidate and former U.S. President Donald Trump attends the 2024 Senior Club Championship award ceremony at his Trump …

Donald Trump posts $175 million bond in civil fraud case, averts asset seizures
8 months, 3 weeks ago

Donald Trump posts $175 million bond in civil fraud case, averts asset seizures

The Hindu  

Donald Trump posted a $175 million bond in his New York civil fraud case on Monday, averting asset seizures by state authorities that could have hobbled the former U.S. president’s business empire. Mr. Trump originally needed to post a bond for $454 million, but an appeals court on March 25 stayed enforcement of Justice Arthur Engoron's judgment on condition that …

Donald Trump posts $175m bond in civil fraud case
8 months, 3 weeks ago

Donald Trump posts $175m bond in civil fraud case

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump posted a $175m bond on Monday in his …

Trump Posts Bond to Freeze $454 Million Fraud Fine During Appeal
8 months, 3 weeks ago

Trump Posts Bond to Freeze $454 Million Fraud Fine During Appeal

Live Mint  

-- Donald Trump followed through on his vow to pay a $175 million bond that will put a massive civil fraud verdict on hold while he appeals, assuring New York state won’t start seizing the former president’s assets, at least for now. The former president had said a full bond was “unattainable” because 30 insurance companies that arrange such bonds …

Trump posts $175 million bond in New York civil fraud case: report
8 months, 3 weeks ago

Trump posts $175 million bond in New York civil fraud case: report

Raw Story  

Former President Donald Trump has posted $175 million bond in his New York civil fraud case, reports show. But with hours to spare before New York Attorney General Letitia James would have been empowered to start seizing Trump's real estate holdings, an appeals court gave him 10 more days and reduced the bond to $175 million. "Trump's lawyers had argued …

Donald Trump has posted a $175 million bond to avert asset seizure as he appeals NY fraud penalty
8 months, 3 weeks ago

Donald Trump has posted a $175 million bond to avert asset seizure as he appeals NY fraud penalty

Associated Press  

NEW YORK — Donald Trump posted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing. Until the appeals court intervened to lower the required bond, New …

Donald Trump posts $175 million bond to avert asset seizure before US Presidential elections
8 months, 3 weeks ago

Donald Trump posts $175 million bond to avert asset seizure before US Presidential elections

India TV News  

New York: Former US President Donald Trump has posted a USD175 million bond in his New York civil fraud case, halting collection of the more than USD454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing. Until the appeals court intervened to lower the required bond, …

Trump posts $175m bond in fraud case to avoid asset seizures
8 months, 3 weeks ago

Trump posts $175m bond in fraud case to avoid asset seizures

Al Jazeera  

Former United States president was in February found liable for misrepresenting his net worth by as much as $2bn. Former United States President Donal Trump has posted a $175m bond in his civil fraud case in New York, avoiding asset seizures which could have dealt a serious blow to his finances and reelection hopes. An appeals court last week ordered …

When will Trump pay USD 175 million appeals bond? Here's what's next in his civil fraud case
8 months, 3 weeks ago

When will Trump pay USD 175 million appeals bond? Here's what's next in his civil fraud case

Deccan Chronicle  

New York, Mar 27 Former US President Donald Trump got a break this week when an appeals court cut down the amount of money he needs to put up to pause collection while he appeals a USD 454 million-plus judgment in his New York civil fraud case. Before Monday's ruling, Trump insurance broker and friend Gary Giulietti told the appeals …

When will Trump pay his $175 million appeals bond? Here’s what’s next in his civil fraud case
8 months, 3 weeks ago

When will Trump pay his $175 million appeals bond? Here’s what’s next in his civil fraud case

Associated Press  

NEW YORK — Former President Donald Trump got a break this week when an appeals court cut down the amount of money he needs to put up to pause collection while he appeals a $454 million-plus judgment in his New York civil fraud case. The Trump Organization’s top lawyer, Alan Garten, said in a sworn statement that posting the full …

Major Republican donors plan to help Donald Trump cover $454-million bond amount in civil fraud case: Sources
8 months, 4 weeks ago

Major Republican donors plan to help Donald Trump cover $454-million bond amount in civil fraud case: Sources

Live Mint  

Some major Republican donors were working together to help U.S. presidential candidate Donald Trump fund the original bond amount needed to cover his $454 million civil fraud judgment ahead of Monday's deadline, three sources briefed on the matter told Reuters. Billionaire hedge fund founder John Paulson was involved in the behind-the-scenes effort by donors concerned about Trump's legal woes and …

Trump handed lifeline as appeals court slashes fraud trial bond and grants 10-day reprieve
8 months, 4 weeks ago

Trump handed lifeline as appeals court slashes fraud trial bond and grants 10-day reprieve

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A New York appeals court has granted Donald Trump a …

Donald Trump rejoices NY fraud verdict but blasts hush money case as ‘election interference’
8 months, 4 weeks ago

Donald Trump rejoices NY fraud verdict but blasts hush money case as ‘election interference’

Hindustan Times  

March 25th was a crucial day for former president Donald Trump as he faced a deadline to cover a $454 million civil fraud judgment and was scheduled to appear for hearing at New York Criminal Court to seek that the judge delay or dismiss the hush money trial. Trump denounces hush money trail as ‘pure case of voter intimidation’ Following …

Appeals court slashes bond amount in legal win for Trump
8 months, 4 weeks ago

Appeals court slashes bond amount in legal win for Trump

Raw Story  

A New York appeals court slashed the amount of the bond Donald Trump must post to cover a $454 million civil fraud judgment Monday. Trump had faced a deadline Monday to put up a bond amounting to 120 percent of the judgment plus interest, which would have been nearly $545 million. New York Attorney General Letitia James was preparing to …

Donald Trump faces big legal day in hush-money trial and a deadline to post $454mn bond
8 months, 4 weeks ago

Donald Trump faces big legal day in hush-money trial and a deadline to post $454mn bond

Hindustan Times  

Donald Trump will ask a judge on Monday to delay or dismiss his trial on charges stemming from hush money paid to a porn star, citing thousands of pages of potential evidence about witness Michael Cohen that prosecutors turned over only weeks ago. Donald Trump faces a deadline on Monday to cover a $454 million civil fraud judgment for manipulating …

Donald Trump lashes out as clock runs down on his $464m bond payment
8 months, 4 weeks ago

Donald Trump lashes out as clock runs down on his $464m bond payment

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. However, Mr Trump has claimed on his social media platform, Truth Social, that he …

Trump fumes as $454m bond deadline looms, claims he has fine amount ‘in his bank account’
8 months, 4 weeks ago

Trump fumes as $454m bond deadline looms, claims he has fine amount ‘in his bank account’

Hindustan Times  

As Donald Trump's $454 million New York civil fraud judgment deadline approaches on Monday, March 25, the former US President launched a blistering attack on those who could seize his properties. Taking to Truth Social on Monday, Trump claimed that he had "done nothing wrong", adding that Judge Arthur Engoron and New York Attorney General Letitia James should not be …

Court agrees to pause collection of Trump’s massive civil fraud judgment if he puts up $175M
8 months, 4 weeks ago

Court agrees to pause collection of Trump’s massive civil fraud judgment if he puts up $175M

Associated Press  

NEW YORK — A New York appeals court on Monday agreed to hold off collection of former President Donald Trump’s more than $454 million civil fraud judgment if he puts up $175 million within 10 days. “What he’s done is such a disservice and should never be allowed to happen again,” said Trump, who argues that the fraud case is …

How wealthy is Donald Trump exactly? Here's a look at his companies, properties and income
8 months, 4 weeks ago

How wealthy is Donald Trump exactly? Here's a look at his companies, properties and income

ABC  

In short: Donald Trump has said he has almost $US500 million in cash on hand, but has also told a court he cannot cover a $US454 million bond. Former US president Donald Trump is facing an imminent deadline to post a bond covering a $US454 million civil judgement against him in a New York state fraud case, after a judge …

Trump deadline to pay $454m looms: Here is what happens next
8 months, 4 weeks ago

Trump deadline to pay $454m looms: Here is what happens next

Al Jazeera  

Former United States President Donald Trump has until Monday to post a bond covering a $454m civil fraud judgement or face the risk of New York state seizing some of his marquee properties. According to a June 2021 financial statement, Trump’s properties – including New York City office building 40 Wall Street, the Trump Tower in Manhattan and the Mar-a-Lago …

New York court lowers $454m bond as Trump appeals civil fraud case
8 months, 4 weeks ago

New York court lowers $454m bond as Trump appeals civil fraud case

Al Jazeera  

Ruling gives former President Donald Trump, who had faced possible seizure of his assets, 10 days to post $175m bond. An appeals court in the United States has agreed to pause the collection of Donald Trump’s $454m civil fraud judgement, delivering a victory to the former US president and preventing authorities in New York from beginning to seize his assets. …

Court says Trump can put up $175 million to pause collection of massive fraud judgment
8 months, 4 weeks ago

Court says Trump can put up $175 million to pause collection of massive fraud judgment

LA Times  

Former President Trump holds up a copy of a story featuring New York Atty. A New York appeals court on Monday agreed to hold off collection of former President Trump’s more than $454-million civil fraud judgment if he puts up $175 million within 10 days. The appeals court also halted other aspects of a trial judge’s ruling that had barred …

“His greatest fears”: Trump melts down on Truth Social as $454 million fraud deadline arrives
8 months, 4 weeks ago

“His greatest fears”: Trump melts down on Truth Social as $454 million fraud deadline arrives

Salon  

Former President Donald Trump spent Monday morning raging on Truth Social ahead of a deadline to pay his $454 million fraud judgment or post bond to appeal it. “Why should a Crooked, highly political New York Judge, Arthur Engoron, working in concert and coordination with an even more Corrupt Attorney General, Letitia ‘Peekaboo’ James, his Puppet Master, and the White …

Eric Trump brutally mocked as he says banks laughed at him over attempts to secure dad's $454mn bond
8 months, 4 weeks ago

Eric Trump brutally mocked as he says banks laughed at him over attempts to secure dad's $454mn bond

Hindustan Times  

Ahead of former president Donald Trump's Monday deadline to secure a $454 million bond in his New York fraud case, his son Eric Trump said that their appeal was ignored by every lender, claiming that they have basically laughed at his face. Eric Trump said top insurance executives laughed when he approached for $454 million in bond money for his …

Eric Trump says he was laughed at while attempting to secure his dad's $454 million bond
9 months ago

Eric Trump says he was laughed at while attempting to secure his dad's $454 million bond

Salon  

On Monday, Donald Trump will be called upon to make good on the $454 million judgment in his New York fraud case or post bond in order to appeal the ruling. In an interview with Fox News host Maria Bartiromo on Sunday, Eric Trump re-circulated the story initiated by Trump's team that they've been turned down by every lender they've …

'Little chance' Trump will be saved by appeals court from asset seizure by Monday: report
9 months ago

'Little chance' Trump will be saved by appeals court from asset seizure by Monday: report

Raw Story  

Any hope that Donald Trump has that a judge in the New York State Appellate Division will give him more time to come up with the nearly half-billion dollar— or a reduced amount — he needs for his appeals bond related to financial fraud due on Monday should be put to rest. According to a report from the Washington Post, …

'That's not the actual amount': Trump's lawyers scramble to explain $500M boast
9 months ago

'That's not the actual amount': Trump's lawyers scramble to explain $500M boast

Raw Story  

Former President Donald Trump's lawyers are scrambling to explain away his $500 million boast, posted to Truth Social Friday morning, after they said in court filings their client couldn't come up with that kind of cash, according to a new report. Trump's attorneys told CNN reporter Kara Scannell Friday morning that Trump's all-caps claim that he currently has almost $500 …

Trump set for $3.3 BILLION windfall as shareholders vote to take his media company that owns Truth Social public
9 months ago

Trump set for $3.3 BILLION windfall as shareholders vote to take his media company that owns Truth Social public

Daily Mail  

Shreholders voted Friday to take Donald Trump's media company public in a move that could provide him a multi-billion lifeline just as he is forced to pay a $454 million court judgement against him. Donald Trump claimed he has half a billion dollars in cash in series of furious posts on Truth Social as the deadline to pay the $454million …

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