Former President Trump has stated that he currently possesses nearly $500 million in cash, indicating his ability to post bond in the New York civil fraud case as required by a judge on Monday.
Trump and his legal team have filed an appeal and requested a stay on his $454 million civil fraud judgment, with the deadline for posting the bond set for Monday.
In a post on his Truth Social platform, Trump mentioned, '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.'
Referring to New York Judge Arthur Engoron, who oversaw the case brought by New York Attorney General Letitia James, Trump criticized the judgment, stating, 'The often overturned political hack judge on the rigged and corrupt A.G. case, where I have done nothing wrong, knew this, wanted to take it away from me, and that’s where and why he came up with the shocking number which, coupled with his crazy interest demand, is approximately $454,000,000.'
Trump's legal team has been facing challenges in securing the required bond amount, citing it as a 'practical impossibility' due to the magnitude of the sum, which approaches $1 billion in cash reserves.
New York Attorney General Letitia James has opposed Trump's request for a stay, suggesting that he should be able to secure the value through multiple sureties or offer his real estate holdings as collateral.
Despite the ongoing legal battle, Trump and his legal team are exploring all available options and are prepared for various outcomes. They are hopeful for a favorable ruling on their appeal, which could potentially reduce the bond amount significantly.
As the case continues to unfold, it remains uncertain how the court will rule on Trump's appeal and the subsequent bond requirement.
