Former United States President Donald Trump is very proud of his many prestigious golf courses, but a recent situation has potentially put them at risk.
Last month, Trump was hit with a $464 million judgment after he was found to have fraudulently inflated the value of his assets and properties – including his prestigious golf courses – in order to receive more favorable loan and insurance terms. And it sounds like Trump is going to have trouble finding the money.
This week, Donald Trump and his legal team revealed that they have been unable to secure a bond that would cover the $464 million sum while he appeals the decision, meaning he will have to pay the whole sum himself. In order to do that, Trump said he would likely have be “forced to mortgage or sell” some of his assets – possibly including his prestigious golf courses – at what could be “Fire Sale prices.”
“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 when I have already won at the Appellate Division, but he refuses to accept their already made decision. 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 said in a post on Truth Social.
If Trump is unable to come up with the $464 million, courts could seize Trump’s properties and assets that were found to have had “fraudulent” and “misleading” values, which includes 10 of his golf courses.
So unless Trump can find a bond or come up with the money another way, there’s a chance that some of his beloved golf courses are either sold or seized.
