"Trump owes this money because he fraudulently misrepresented the value of his assets—and now (oops) apparently no one will accept those assets as collateral."

Less than a month after New York Attorney General Letitia James said she would be willing to seize former Republican President Donald Trump’s assets if he is unable to pay the $464 million required by last month’s judgment in his civil fraud case, Trump’s lawyers disclosed in court filings Monday that he had failed to secure a bond for the amount.

In the nearly 5,000-page filing, lawyers for Trump said it has proven a “practical impossibility” for Trump to secure a bond from any financial institutions in the state, as “about 30 surety companies” have refused to accept assets including real estate as collateral and have demanded cash and other liquid assets instead.

To get the institutions to agree to cover that $464 million judgment if Trump loses his appeal and fails to pay the state, he would have to pledge more than $550 million as collateral—“a sum he simply does not have,” reportedThe New York Times, despite his frequent boasting of his wealth and business prowess.

  • hglman@lemmy.mlEnglish
    15·
    8 months ago

    I suspect that trump life is over if he fails to win in November, he will either take it himself or it will be effectively over bc he will be in jail and penny less. To that end he does not care about consequences of some extra crimes in the near term.

    • Tyfud@lemmy.world
      8·
      8 months ago

      He’s a serial narcissist. Maybe one of the worst in the current world.

      No way does he take his own life. That would require having empathy, which he absolutely does not have.

      No. trump won’t take his own life. He’s not committed to any cause like someone like Hitler, nor does he feel backed into a corner.

      What he’ll do instead is pander/cater to his unhinged base and con them out of what little money they have left.

      That’s all after he pillages the coffers of the RNC for what he can use there to pay for his legal fees/woes.

      It’s possible, and I don’t want to hope for too much here, but it’s possible, that trump maybe legit takes down most of the RNC/republicans if he fails to win in November.

      If he wins though, I think we’re all pretty fucked. He’ll use tax money to pay for that judgement or some shit. He has no morals, ethics, or shame.