Staff Reports
Former President Donald Trump is facing a hefty $354 million judgment in his New York fraud trial, and he’s not taking it lying down. His lawyer, Alina Habba, revealed that Trump is gearing up to tackle this massive financial blow head-on. However, the real juicy part is the mystery surrounding how Trump plans to come up with the mammoth $450 million sum, post-interest. Judge Arthur Engoron didn’t hold back in his scathing critique of Trump, accusing him of showing no remorse or contrition.
Now, one might wonder where on earth Trump is going to fish out that kind of cash. Despite Trump’s boasts of having over $400 million in his piggy bank, doubts linger over whether his real estate ventures can cough up the dough. In a twist of fate, Trump is also on the hook for an $83 million defamation payment to E. Jean Carroll, adding fuel to the financial fire.
Trump attorney Alina Habba insists he has a lot of cash and WILL be able to pay the roughly $35million bond on his $355 million fraud verdict in 30 days – but won't say if he will have to sell off his assets https://t.co/l85ySFhiNP pic.twitter.com/RB9y4JcRpC
— Daily Mail Online (@MailOnline) February 20, 2024
Trump’s legal woes don’t end there. Apart from the staggering sum he must produce, he’s been slapped with a three-year ban from managing any New York State business, and an independent watchman will be keeping a close eye on his company. Talk about a rocky road ahead for the former POTUS.
Alina Habba isn’t mincing words either. She’s calling Judge Engoron’s ruling a blatant scare tactic to rip apart Trump’s empire. Despite Habba’s unwavering confidence in Trump’s financial fortitude, the looming question remains: Will Trump need to start selling off his beloved properties to foot this mind-blowing bill?
And let’s not forget the grand unveiling of Trump’s assets, courtesy of New York Attorney General Letitia James. While Trump claims to be swimming in wealth, Habba is throwing shade at those assertions, labeling them as pure baloney. With only $93 million in liquid assets back in 2020, Trump’s financial acrobatics are about to be tested like never before.
As the countdown ticks away for Trump to gather the funds, the clock is ticking louder than ever. With the damages exceeding the GDP of whole countries, the stakes couldn’t be higher. But fear not, Trump remains undeterred and has vowed to give the legal system a run for its money with an appeal. Let the financial battle royale commence!
