Trump says he’d have to hold ‘fire sale’ of properties to meet $464M bond
by Sarah Fortinsky - 03/19/24 11:02 AM ET
Former President Trump argued Tuesday he would have to take extreme measures in order to pay a $464 million bond due next week in his New York civil fraud case, such as selling some of his properties for cheap “fire sale” prices.
Trump blasted New York Judge Arthur Engoron, who ruled against the former president in the fraud case, in a Truth Social post objecting to having to post the bond.
“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,” Trump wrote in a post on his Truth Social platform Tuesday morning. “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 added.
Trump’s warning comes a day after his legal team informed the court that the former president was unable to secure the full $464 million bond due next week.
more
https://thehill.com/regulation/court-battles/4541652-trump-says-hed-have-to-hold-fire-sale-of-properties-to-meet-464m-bond/
