"Trump Asserts Ability to Cover New York Fraud Bond with $500M Cash"

1 min read
Source: Rolling Stone
"Trump Asserts Ability to Cover New York Fraud Bond with $500M Cash"
Photo: Rolling Stone
TL;DR Summary

Despite previously claiming he lacked the liquidity to pay a $464 million appeal bond, former President Donald Trump now asserts he has access to nearly half a billion dollars in cash, which he intended to use for his presidential campaign. This comes after being ordered to pay $355 million in damages to New York and barred from serving as an officer or director of any New York corporation for three years due to civil fraud. Trump's attorneys had previously stated that he would need to sell off assets to gather the funds, but Trump's recent claims on social media contradict this.

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