“It’s gonna be very difficult to find out where the original dollars come from,” Cohen said.
Donald Trump’s former lawyer Michael Cohen warned on Saturday that the “real issue” with the former president’s bond in his New York civil fraud case is the source of the $454 million.
In February, Judge Arthur Engoron ordered Trump to pay $355 million, plus interest, and barred him from doing business in New York for three years after finding him liable for financial fraud in September 2023 in a lawsuit brought on by New York Attorney General Letitia James’ office. Trump, the presumed GOP presidential nominee in the 2024 election, has claimed that he has done nothing wrong and that the case is politically motivated against him. He has appealed Engoron’s judgment.
Meanwhile, the former president has until Monday to come up with a $454 million bond to stop James from seizing his assets in order to pay Engoron’s judgment.
It is uncertain if Trump will be able to secure the bond by Monday. The former president’s legal team wrote in a court filing last week that it is a “practical impossibility” to come up with the money in that time.
