Tag

Cash Assets

All articles tagged with #cash assets

"Trump's Financial Dilemma: Navigating New York Fraud Case and Asset Seizure"
politics2 years ago

"Trump's Financial Dilemma: Navigating New York Fraud Case and Asset Seizure"

Donald Trump claims to have nearly $500 million in cash but prefers to use it for his presidential run rather than to pay the $454 million civil fraud judgment against him in New York. He is fighting the verdict and seeking to avoid posting a bond covering the full amount while appealing the decision. New York Attorney General Letitia James is prepared to seize some of Trump's assets if he doesn't pay, and Trump has vowed to take the case to the U.S. Supreme Court if necessary.

"Trump Asserts $500M in Cash Amid Legal Battle Over Asset Seizure"
politics2 years ago

"Trump Asserts $500M in Cash Amid Legal Battle Over Asset Seizure"

Former President Donald Trump claims to have nearly $500 million in cash, contradicting his lawyers' assertions that he couldn't meet the $464 million judgment in the civil fraud case brought by New York Attorney General Letitia James. Trump accused the judge of politically motivated actions and communism in America, while his lawyers have appealed the judgment. He must post the bond by Monday or risk seizure of his assets. Trump's presidential campaign has asked for fundraising support, and while he values his brand at over $10 billion, a 2021 financial statement put his net worth at $4.5 billion, with most assets in real estate.