Former President Donald J. Trump’s campaign strongly rejected a CNN claim that he’s desperately seeking help and mulling dumping his assets as he faces a deadline in a New York City civil fraud case.
After Trump’s attorneys said that securing the $464 million bond required to appeal the judgment by New York City judge Arthur Engoron is a “practical impossibility under the circumstances presented,” CNN’s Kaitlan Collins giddily reported that the presumptive GOP nominee is in dire straits.
(Video: CNN)
“New reporting tonight on what’s going on inside of Donald Trump’s world as a deadline to put up half a billion dollars is fast approaching,” the star anchor excitedly told viewers on Tuesday night’s edition of “The Source” where the former president was the topic as is usually the case.
“Panic mode I’m told is setting in. Trump now has less than a week to secure that bond and he had been counting on the insurance company that helped put up the $91 million dollars to cover the E. Jean Carroll judgment, that bond to come in,” she said. “But the insurance giant there informed his attorneys in the last several days that that option is not going to be on the table.”
“His team has been weighing other options here like seeking out wealthy supporters or weighing which of his assets could be sold and fast,” Collins continued. “I’m told that Trump himself has become increasingly concerned about the optics that that March 25 deadline could bring given he is someone who has long tied his identity to his wealth and he could find himself confronting a real financial crisis in just a matter of days.”
“These baseless innuendos are pure bullsh*t,” Trump’s campaign said in a Tuesday statement.
“President Trump has filed a motion to stay the unjust, unconstitutional, un-American judgment from New York Judge Arthur Engoron in a political Witch Hunt brought by a corrupt Attorney General. A bond of this size would be an abuse of the law, contradict bedrock principals [sic] of our Republic, and fundamentally undermine the rule of law in New York,” said Trump campaign spokesman Steven Cheung.
Trump is less than a week away from having his assets confiscated by New York Attorney Letitia James who has made no secret that she covets his prime real estate properties and is itching to begin the process of seizing them next Monday if the former president can’t come up with the money to buy due process in what is clearly the most corrupt jurisdiction in the entire United States of America.
‘Peekaboo’ James threatens to seize Trump’s assets if he doesn’t pay massive NYC fine https://t.co/ggIWX0sJ7A via @BIZPACReview
— BPR based (@DumpstrFireNews) February 21, 2024
“If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets,” James told ABC News last month, adding, ““We are prepared to make sure that the judgment is paid to New Yorkers, and yes, I look at 40 Wall Street each and every day.”
“Judge Engoron actually wants me to put up Hundreds of Millions of Dollars for the Right to Appeal his ridiculous decision. In other words, he is trying to take my Appellate Rights away from me when I have already won at the Appellate Division, but he refuses to accept their already made decision. Nobody has ever heard of anything like this before. I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!” Trump wrote in a Tuesday Truth Social post.
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Author: Chris Donaldson
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