Trump Will Face His Greatest Fears as Two Legal Threats Coincide MondayDonald Trump is expected to spend his Monday morning in the courtroom of a New York judge who might soon preside over his criminal trial and, ultimately, throw him behind bars. And that’s not even the legal predicament that worries Trump most that day.
The hearing in his Manhattan criminal prosecution — in which he is accused of covering up a sex scandal to pave his way to the presidency — comes as he races to fend off a financial crisis arising from a $454 million judgment in another case. New York Attorney General Letitia James, who brought that civil fraud suit against the former president and his family business, might begin to collect as soon as Monday.
To avoid a mortal threat to the Trump Organization, Trump must persuade another company to post a bond on his behalf, promising that it will cover the judgment if he loses a pending appeal and fails to pay. Yet Trump’s lawyers in court papers said that securing the bond would be a “practical impossibility,” because he would need to pledge about $550 million in cash and liquid investments as collateral to the bond company — an admission that laid bare Trump’s cash crunch.
Unless Trump strikes an eleventh-hour deal, James could freeze his bank accounts, and begin the long and complicated process of seizing some of his properties. And barring Trump’s lawyers achieving an improbable legal triumph, the judge in his criminal case could set a trial date for as soon as next month.
The twin threats — on the same day, in the same city — crystallize two of Trump’s greatest and longest-held fears: a criminal conviction and a public perception that he does not have as much cash as he claims................
https://www.yahoo.com/news/trump-face-greatest-fears-two-151548182.html
