Former United States President Donald Trump is at risk of losing some of his prestigious golf courses if he is unable to cover a $464 million judgment in a civil fraud trial that found he fraudulently inflated the value of his assets – including many of his golf courses – in order to receive more favorable loan and insurance terms. And it sounds like he might be caught in a pretty significant lie as part of those legal issues.
Following the $464 million judgment, Donald Trump and his legal team have claimed that he does not have enough cash in hand to be able to cover the sum and would need a bond to cover the sum while he appeals the decision, which he has been unable to receive. But in a post on social media this week, Trump claimed that he actually has nearly $500 million in cash, which he was planning to use for his presidential campaign.
“THROUGH HARD WORK, TALENT, AND LUCK, I CURRENTLY HAVE ALMOST FIVE HUNDRED MILLION DOLLARS IN CASH, A SUBSTANTIAL AMOUNT OF WHICH I INTENDED TO USE IN MY CAMPAIGN FOR PRESIDENT,” Trump wrote on his Truth Social platform.
So either Trump was lying when he and his legal team suggested that he didn’t have the cash to cover the $464 million judgment or he is lying now when he claims that he has nearly $500 million in cash.
Obviously, this is a pretty major lie either way, and it led to a lot of reactions on social media.
So that whole strategy to get the AG to take his buildings so he can claim it falls under federal court so they can challenge it in SCOTUS is out the window then? @TishJames can just take or freeze his $500M cash $ it’s game over? https://t.co/pgwdSIGbjo
— J Sadowsky (@BLMMF1) March 22, 2024
I guess he skipped how to fake being a Billionaire for dummies 101 class https://t.co/pUSHCfQ2lc
— Sheila (@sheila19801987) March 22, 2024
#TraitorTrump is an expert liar, gaslighter, and grifter.
Boasts he has “millions” yet his attorneys say he is broke. Who is lying? #GOPClownShowContinues #GOPTraitorsToDemocracy #TraitorsSupportTraitorTrump https://t.co/TtAsWSpKD9
— Paul Conrad Photo (@pabloconrad) March 23, 2024
Trump will never be accused of being the sharpest knife in the drawer. Now that Trump controls the RNC republicans begin a slow and painful death. https://t.co/18TBuOZhoa
— Ed Silver Fox (@silverfoxtx53) March 22, 2024
Do you think it ‘s a gold shovel Trump is using to dig the hole he’s in? https://t.co/HHDz0Ry1kc
— Karen Sickler (@KarenSickler) March 22, 2024
Operation let Trump speak is running smoothly https://t.co/Ynu8hHQ6Hr
— CoffeyTimeNews ‘Ballz In Bio’ (@CoffeyTimeNews) March 22, 2024
New York Attorney General Letitia James can begin seizing Trump’s assets that were found to have had “fraudulent” and “misleading” values, which include 10 of his prestigious golf courses. James has already taken the initial steps toward seizing Trump National Golf Course in Briarcliff Manor.
James could begin seizing Trump’s assets if he does not have the money by Monday.
[The Hill]
