Trump admits he'll have to sell buildings to come up with $450M in cash

Real estate mogul and former president Donald Trump admitted Wednesday he'd have to sell off properties to pay the $450 million he owes in damages after a ruling in his civil fraud trial.

Trump filed a more than 1,790-page emergency motion to a New York appeals court requesting a stay on Judge Arthur Engoron's verdict which he said would cause "irreparable harm," and offering to hand over a $100 million bond instead.

"In the absence of a stay on the terms herein outlined, properties would likely need to be sold to raise capital under exigent circumstances," Trump's attorneys wrote. "And there would be no way to recover any property sold following a successful appeal and no means to recover the resulting financial losses."

As attorney Bradley Moss summarized it, "He doesn’t have the cash."

Moss also noted this contradicts a previous boast of Trump's that he has "$400 million liquid." He made the claim during deposition for the trial involving E. Jean Carroll. He was ultimately found liable for defamation in that case.

https://www.rawstory.com/trump-2667391573/

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The good news keeps piling up.

Didn't Trump brag to E. Jean Carroll that he had $400 million in his bank account?

He was lying, as usual.

Justice is starting to liquidate the Trump org. now, the next step will be to send its owner to prison.

 

I think the courts would be stupid to take his word for anything at this point. This is what, his 5th or 6th fraud conviction?

They should allow him to post a bond under the agreement that he fulfills the payment requirement within 90 days. Amounts should continue to accrue interest though.

If he appeals he should have limited time to do so as he is known for dragging out cases as long as possible in hopes he will take the presidency and then he can be “immune” again and weaponize the federal government against the state.

After that they should seize everything he has until the debt is paid.

 

So much for that billionaire status. Wonder if people will give him money like they do with those televangelists, who live the posh lifestyle.

 

They threw money at him in the same way.

When Trump set up his pac right after the 2020 election, the consultant who ran it was an evangelical fundraiser

That’s why the box marked “make this a continuing donation) was alway checked and in small print.

That’s an evangelical fundraising trick.

Trump has had to refund large amounts of money because of it, too.

 

Trump is trying to renegotiate the fine after the fact.

There is little doubt that he will default on the bond. Which is why he had trouble raising even that much money. And there is no doubt that that bond is already collateralized by some of Trump’s properties.

 

Maybe he can get another loan from Deutsche Bank to pay for this, with favorable conditions after overstating his property income and value on the application, while at the same time undervaluing it for tax purposes....

 

He might need to put some new paint on the "For Sale" signage, some of the classified docs were retrieved.

 

ROFLMAO........................so to be a billionaire you have to have it in cash?

 

They and the other lenders said they would LOVE to do more business with him.

 

Since when do the “victims” concerns matter when you have activist judges and lawyers getting “outraged” and fabricating FAKE lawsuits to keep a candidate from running Sounds pretty damn Banana Republic to alll the smart people.

 

Or maybe even borrow it from his bestie Vlad?

 

You assume that "smart people" are so ignorant that they've never bothered to look up what a "Banana Republic" actually IS . . . which, yes, is probably true of every Trump supporter that ever put those two words in sequence.

 

Yup, he is really a dissident, politically persecuted, just like Navalny was in Russia -- he says sitting on his golden toilet in his Mar-A-Lago multimillion $ oceanfront resort, flying back and forth to his rallies with his private jet. You go with this narrative, it's really believable outside MAGA world....

 

Not for me.

Laws aren't for dogs.

When you break them, there are consequences.

 

When a political party is using power to prevent the opposition from fairly running its a Banana Republic. But go on…keep excusing and projecting. Because it’s Trump starting WWIII and destroying the economy, hehe, NOT Biden. Every accusation of Trump is another projection of what Democrats keep doing. They said HE would put his opposition in prison and become a dictator. And LOOKIE what’s happening

 

Trump claimed, under oath, to have at least $400 million in his bank account.

 

No one is being prevented from running, and no, that's not what a Banana Republic is. If it were, then we were a Banana Republic from the day we were founded -- we've ALWAYS prevented people from running. ALWAYS. From the day the Constitution was ratified.

 

So states trying to remove him from the ballot? Made up eh? Trying to imprison him before the election? NOT an attempt to prevent him from winning, really? You’re going with that Literally CREATING a law out of thin air, to allow someone to sue him for rape isn’t an attempt in preventing him from wining?

 

A banana republic is a country where someone assumes power after losing an election. Luckily, we are not a banana republic, so this scenario was prevented by checks and balances in 2020. We came close, though.

 

Eliminating the competition using thee Fed govt to win an election is the same thing. But keep projecting

 

if Mar-a-Lago is worth a billion dollars, as Trump claims, he should have no problem getting a bank to accept it as collateral for that amount, to guarantee a loan of a measly $500 million.

Oh wait ... you mean Trump lied? The property's current value lies entirely in being GriftCentral for the fascists, and the banks know it will have relatively little value once those fascists are in jail? So no loan?

Imagine that.

If Trump really needs money, he should do what he did before. You know, sell stolen classified documents to the Chinese and Saudis. His followers endorsed that before, so they'll endorse it again.

 

Nobody is eliminating the competition. The GOP had many other viable candidates running for the nomination, none of which faced legal problems. But, no, they had to go with the ONE who has 91 charges filed against him. Go figure...

 

I thought that the more legal problems Trump had, the greater his chances of being elected.

 

Sadly for you, the legal system doesn't care about your conspiracy theories.

And to explain that, you'll give us even more conspiracy theories. It's conspiracy turtles all the way down.

 

NO. It ISN'T "an attempt to prevent him from winning,"
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