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DeepNewz, mobile.
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Former President Donald Trump is facing challenges in paying a $364 million judgment for civil fraud, with NY AG Letitia James taunting him over the interest he owes daily. Trump claims he's too rich to put up a $90 million bond, but court filings indicate he may not have enough cash to cover the judgment, potentially needing to sell assets.
NY State Supreme Court judge ordered Trump to pay $364 million for fraud by inflating his net worth to gain favor from banks. On #DefiningIdeas, @RichardAEpstein discusses how a $450 million judgment misrepresents lending practices & distorts precedents: https://t.co/Us8z6oHJJt
New York Attorney General Warns Court Trump Doesn't Have Enough Cash to Pay Fraud Penalty https://t.co/NAiXO7be3B
Trump has always bragged about the cash he has on hand and his multi-billion-dollar portfolio. Now he’s asking NY courts for a time-out because it’s hard for him to come up with the hundreds of millions he needs to make good on judgments against him. 🤔 https://t.co/yNbYDsUjFl
