{"id":5377,"date":"2024-03-24T19:58:53","date_gmt":"2024-03-24T11:58:53","guid":{"rendered":"https:\/\/tingchao.xyz\/?p=5377"},"modified":"2024-03-24T19:58:56","modified_gmt":"2024-03-24T11:58:56","slug":"trump-spirals-as-bond-deadline-in-fraud-case-nears","status":"publish","type":"post","link":"https:\/\/tingchao.xyz\/?p=5377","title":{"rendered":"Trump spirals as bond deadline in fraud case nears"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"358\" src=\"https:\/\/tingchao.xyz\/wp-content\/uploads\/2024\/03\/70.png\" alt=\"\" class=\"wp-image-5378\" style=\"width:715px;height:auto\" srcset=\"https:\/\/tingchao.xyz\/wp-content\/uploads\/2024\/03\/70.png 637w, https:\/\/tingchao.xyz\/wp-content\/uploads\/2024\/03\/70-300x169.png 300w\" sizes=\"auto, (max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p>The eye-popping judgment against former President Trump in his New York fraud case has laid bare his precarious financial status, a matter that has sent the notoriously incensed real estate mogul off the rails.<\/p>\n\n\n\n<p>In Truth Social posts, Trump has laid out mini diatribes lambasting the judge and attorney general in the case, claiming they want to swindle him out of precisely the amount of cash he has on hand to the tune of half a billion dollars.<\/p>\n\n\n\n<p>Trump is known for his online rants and raucous rallies that frequently whip up his base, but the $454 million bond he must pay \u2013 or face the possibility of his assets being seized \u2013 appears to have sent the former president over the edge.<\/p>\n\n\n\n<p>\u201cThey do not care about the Law, the facts, or anything, but tying up my money, and interfering in the Election!!\u201d Trump wrote in a Truth Social post on Wednesday. \u201cThis case should be OVER, but instead, the Attorney General wants to abuse her power to steal my money!!\u201d<\/p>\n\n\n\n<p>Former aides said Trump appears to be particularly incensed by the New York fraud trial because of how personal the stakes are. &nbsp;<\/p>\n\n\n\n<p>The case\u2019s core allegations threatened several areas Trump takes particular pride in. It struck at the heart of his reputation as a savvy dealmaker and wealthy businessman, which helped propel him into a successful run for the White House in 2016.<\/p>\n\n\n\n<p>\u201cIt has to do with his business and his family and his brand,\u201d said one former Trump White House official.<\/p>\n\n\n\n<p>The trial and its aftermath has also enveloped his adult children, specifically Eric Trump and Donald Trump Jr., who serve as executive vice presidents of the Trump Organization. The brothers were ordered to pay more than $4.6 million each and were barred for two years from serving in top leadership roles for any New York company. &nbsp;<\/p>\n\n\n\n<p>Trump\u2019s daughter, Ivanka, was once a party in the case but a state appeals court dismissed her from it before the trial began, citing a lapsed statute of limitations. She still testified at trial, giving a subdued account of her role in the business. &nbsp;<\/p>\n\n\n\n<p>The trial also pitted Trump against his longtime fixer Michael Cohen, who has in recent years established himself as an outspoken critic of the former president. Cohen testified that Trump ordered him and another top executive to \u201creverse-engineer\u201d his assets to reach a number he liked. Trump\u2019s lawyers have called Cohen a \u201cproven liar.\u201d<\/p>\n\n\n\n<p>And, the case took place in New York City, where Trump grew up and built his brand in the real estate business but also a place he had struggled to earn respect.<\/p>\n\n\n\n<p>\u201cNew York \u2013 that\u2019s where he\u2019s been making his mark,\u201d said Bennett Gershman, a law professor at Pace University. \u201cHe\u2019s tried very hard to become part of the New York establishment\u2026and he feels, perhaps, that he\u2019s never really made it big in New York.\u201d<\/p>\n\n\n\n<p>\u201cIt is a confluence of factors here that make this case and make New York and Trump all come together in a very dramatic way,\u201d he added. &nbsp;<\/p>\n\n\n\n<p>During two months of trial in Trump\u2019s hometown, some 40 witnesses in the former president\u2019s business orbit took the stand to assess whether his business engaged in deceitful business practices across more than a decade. &nbsp;<\/p>\n\n\n\n<p>Though not required, Trump attended the trial in person numerous times, sometimes for several days in a row.<\/p>\n\n\n\n<p>From its start, the trial was defined by Trump\u2019s fury \u2013 his anger toward New York Attorney General Letitia James (D) for bringing the case and Judge Arthur Engoron for allowing it to move forward. &nbsp;<\/p>\n\n\n\n<p>The tension was encapsulated in stern glares and sometimes heated arguments between the parties and Engoron that often veered political, with Trump suggesting the judge should be \u201ccharged criminally\u201d for his role in perpetuating \u201celection interference.\u201d<\/p>\n\n\n\n<p>Engoron found Trump, the Trump Organization and top executives liable for fraud before the trial began, and, at the trial\u2019s end, determined they conspired to alter the former president\u2019s net worth for tax and insurance benefits.<\/p>\n\n\n\n<p>The judge ordered them to pay a penalty of $464 million, plus interest \u2013 more than 95 percent of which Trump alone owes. Trump, like his sons, was also barred from serving in top leadership roles for any New York company for three years. &nbsp;<\/p>\n\n\n\n<p>His anger has already spilled into his appeal of the ruling, including his suggestion that the judgment amount was determined on purpose due to the cash on hand he claims to have.<\/p>\n\n\n\n<p>\u201cI currently have almost five hundred million dollars in cash\u2026 The often overturned political hack judge on the rigged and corrupt A.G. case, where I have done nothing wrong, knew this, wanted to take it away from me, and that\u2019s where and why he came up with the shocking number which, coupled with his crazy interest demand, is approximately $454,000,000,\u201d Trump wrote in all caps on Truth Social Friday morning.<\/p>\n\n\n\n<p>Earlier this month, Trump became the presumptive Republican nominee for president, setting the stage for a rematch with President Biden.<\/p>\n\n\n\n<p>His campaign has been transformed into an outlet for his grievances over the case, as well. It frequently sends out fundraising emails seeking to capitalize on the case, including one Thursday that included the subject line \u201cKeep your filthy hands off Trump Tower.\u201d<\/p>\n\n\n\n<p>During a recent rally in Michigan, Trump blasted the initial ruling that he pay hundreds of millions of dollars as a \u201clawless and unconstitutional atrocity that sets fire to our laws like no one has ever seen in this country before.\u201d<\/p>\n\n\n\n<p>And during a rally in Ohio on Saturday, Trump suggested his own legal troubles could be bad for New York state.<\/p>\n\n\n\n<p>\u201cA lot of people want to leave because of the lawfare that\u2019s going,\u201d Trump told supporters. \u201cA lot of companies are leaving because they don\u2019t want to get caught up into the crap that I got caught up into, where they go after you for no reason whatsoever, no victim, no this, no that.\u201d<\/p>\n\n\n\n<p>His campaign funds helped mount a legal defense in the fraud case, in addition to the four criminal cases he also faces. Trump\u2019s fundraising committees doled out roughly $50 million on legal consulting in 2023. His fraud trial lawyers \u2013 Chris Kise, Alina Habba and Clifford Robert \u2013 were among the highest paid.<\/p>\n\n\n\n<p>However, campaign donations can\u2019t help him front the cost of the multimillion-dollar judgment he now faces.<\/p>\n\n\n\n<p>If Trump does not post his bond before Monday, James can begin seizing his assets, which include iconic New York properties like 40 Wall Street and Trump Tower. &nbsp;<\/p>\n\n\n\n<p>This past week, the state took the first step toward seizing Trump\u2019s Seven Springs golf resort and private estate by filing judgments in the county where it\u2019s located. Judgments have already been filed in Manhattan, where the trial was held.<\/p>\n\n\n\n<p>Trump\u2019s lawyers told the appeals court that the former president can\u2019t secure a full appeals bond due to lack of cash on hand. He asked the court to accept a $100 million bond, instead \u2013 less than a quarter of what he owes. &nbsp;<\/p>\n\n\n\n<p>However, on Friday, Trump posted to Truth Social that through \u201chard work, talent and luck\u201d he has nearly $500 million in cash on hand, a statement that could hinder his request for a less costly bond. &nbsp;<\/p>\n\n\n\n<p>\u201cHe doesn\u2019t want to pay, and he\u2019s looking for protection from the court,\u201d Gershman said. \u201cHe says he doesn\u2019t have the money. He says nobody will give him a bond. &nbsp;<\/p>\n\n\n\n<p>\u201cThat might be true; people wouldn\u2019t want to give him a bond because they don\u2019t trust him,\u201d he continued. \u201cWhy should they trust him?\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The eye-popping judgment against former President Trump in his New York fraud case has laid bare his precarious financial status, a matter that has sent the notoriously incensed real estate mogul off the rails. In Truth Social posts, Trump has laid out mini diatribes lambasting the judge and attorney general in the case, claiming they [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":5378,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[61],"class_list":["post-5377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-usa","tag-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump spirals as bond deadline in fraud case nears - LISTEN WORLD<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tingchao.xyz\/?p=5377\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump spirals as bond deadline in fraud case nears - LISTEN WORLD\" \/>\n<meta property=\"og:description\" content=\"The eye-popping judgment against former President Trump in his New York fraud case has laid bare his precarious financial status, a matter that has sent the notoriously incensed real estate mogul off the rails. 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