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@iuculano@masto.aiTime to prepare the popcorn
Via #RawStory
#DonaldTrump has until Monday to find a $454 million bond in his #NewYork #Fraud judgment or face Attorney General #LetitiaJames swooping in to seize his assets – and an expert said Friday he's desperate to stop that happening.
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#Trump's lawyers claimed this week that finding the money to cover the judgment while he appeals it is a “practical impossibility," even though the former president took to #TruthSocial Friday and claimed he has almost $500 million in cash.
During a segment on #CNN Friday, former U.S. Attorney #HarryLitman was asked what he thinks will come next.
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According to #Litman, if #Trump doesn't get a saving grace from the courts in the form of a stay on the payment or a reduction of the amount, a declaration of #bankruptcy would be a possibility.
But, he added, that would be a "political disaster" for him, leaving him with the "very final choice" of allowing #LetitiaJames to "just go and choose among his prized possessions."
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Well, that would align what Forbes estimates, with about ~600m of cash or cash equivalents.
The point is, #P01135809 does not want to hand over nearly all of his cash as a bond.
So he makes his attorneys lie for him.
@iuculano
Would explain sudden hype about taking truth social public. No chance of clawing money out in time (legally), but maybe they can loosen some pockets with the lure of a future windfall