Trump said he has “almost $500 million” in cash, days after his lawyers stated he could not post the judgement of nearly half a billion dollars in his New York civil fraud case
Former president Donald Trump claimed on Friday that he had “almost $500 million” in cash, undercutting his lawyers’ previous statements that he would not be able to pay a bond of more than $450 million to secure a massive judgment in his New York civil fraud case.
“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 said Friday morning in a TruthSocial post in all caps. He then claimed New York Supreme Court Justice Arthur Engoron was aware of his cash on hand, and set the bond in that range on purpose.
Trump’s suggestion sharply contrasts what his lawyers told a New York appellate court earlier this week that it would be “a practical impossibility” for him to post a bond covering the full amount. His lawyers cited rejections from 30 bond underwriters in their request for a stay of enforcement on the judgment.
New York Attorney General Letitia James (D), who brought the lawsuit against Trump, can begin enforcing the judgment March 25, barring financial or court developments.
