TeamDML offers insights, opinions, podcasts, videos and other forms of content intended to educate and better explain trending news that is made available to the public by third parties. In this particular case, we refer to an excerpt from NYPost.com:
As Donald Trump faces a Monday deadline to post a $454 million bond in the civil fraud case against him in New York, insiders said he may be weighing a little-discussed option: Doing nothing.
The ex-president reportedly has been struggling to raise the cash for the bond — either from banks or wealthy friends — with his lawyers claiming on Monday that it was a “practical impossibility.”
While some reports have raised speculation that Trump may “go nuclear” with a Chapter 11 filing to protect his prize real estate assets across Manhattan, experts said bankruptcy would create unwelcome complications as the 2024 election season comes to a head.
However, one source close to Trump told the New York Post that Trump may be considering just letting the deadline pass and allow New York Attorney General Letitia James to seize his bank accounts or buildings — including Trump Tower.
One advantage to taking that route is because Trump reportedly believes there’s a good chance he could recover the assets on appeal, even if he is forced to take his case to the US Supreme Court, the report explains.
There is also a risk to letting James seize Trump’s properties, as she reportedly has the right to sell off any confiscated properties in order to recover the cash penalties Trump has been ordered to pay.
Adam Leitman Bailey, a New York attorney, noted, “They are going after the money and that’s all he has a right to get back, not the buildings — unless the judgment is reversed before they are sold.”
One source told the New York Post that so far, Trump hasn’t asked for money from his wealthy friends.
“He’s not an ‘I’m passing the hat’ man — he doesn’t want pity or for anyone to feel sorry for him,” the source claimed. “He will do what he has to do. He has plenty of wealthy friends who would help him if asked, but he’s not asking, as far as I’m aware.”
In the DMLNews podcast on Tuesday, DMLNewsApp founder Dennis Michael Lynch addressed the situation.
“If they start to seize his assets, America will be able to see for the first time the communism that has entered the United States of America. Having your property seized in the manner they will be doing to him in a kangaroo court is actually communist rule,” DML declared.
WATCH BELOW:
#Trump #NewYork #communism #collusion #Corruption pic.twitter.com/ArdNzIPUHI
— DMLNewsApp (@DMLNewsApp) March 19, 2024
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The post NEWS ALERT: Insiders say Trump may be weighing strategic move on NY bond issue with Letitia James [DML weighs in] appeared first on Dennis Michael Lynch.
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