Staff Reports
Former President Donald Trump is dealing with the fallout of a massive $464 million bond due in his New York civil fraud case, and he’s not holding back on his thoughts. In an epic Truth Social post, Trump took aim at New York Supreme Court Justice Arthur Engoron, who ruled against him in the fraud case last month. The former president made it clear that if he has to pay up, he’ll have to resort to extraordinary measures, even suggesting he might have to sell off some of his prized properties at “fire sale” prices.
What happens if Trump doesn’t secure his $454 million bond? Left and Right say it’s gone too farhttps://t.co/ahF1KCUNA7 via @dcexaminer
— SMD (@smdowner) March 19, 2024
According to Trump, Judge Engoron’s demand for “Hundreds of Millions of Dollars” to appeal the decision is an unprecedented attack on his rights. He vented, “Nobody has ever heard of anything like this before.” Trump’s lawyer chimed in, labeling the task of securing a bond to pay the whopping $454 million judgment by the deadline next week as a “practical impossibility.”
Surprisingly, even some left-wing pundits have extended sympathy to Trump’s plight. Cenk Uygur, from The Young Turks, and Jonathan Turley, a law professor at George Washington University, have both expressed concerns about the fairness of the situation. Uygur went as far as to call the demand for upfront cash before appealing the case “draconian,” suggesting that it sets a dangerous precedent for everyone, not just Trump.
But as the legal battle rages on, there’s a consensus that Trump is facing a tough road to meet the bond deadline. Should he fail to come up with the staggering amount by Monday, his prized properties in New York could be fair game for seizing. This would undoubtedly be a heavy blow to his family business empire, the Trump Organization.
Despite the sympathetic voices and the undeniable difficulty of the situation, Attorney Andrew Lieb of Lieb at Law insists that this is just the way the system works. He stressed that the demand for a bond isn’t about Trump specifically, as everyone has to pony up the cash in similar situations. Yet, the speculation is rife about the former president’s financial standing. Some argue that his net worth, mainly tied to real estate, might not be enough to cover the massive bond, while others question the accuracy of property valuations presented.
It’s clear that the stakes are high, and the drama surrounding Trump’s legal battle shows no sign of slowing down. As the appeal hangs in the balance, one thing is for sure: the world will be watching to see how the former president navigates this treacherous legal terrain.
