- Interest on New York fraud fine increases by more than $100,000 a day
- New York Attorney General Letitia James threatens to seize Donald Trump’s assets to pay the fine.
- Trump claimed the civil case was part of a “witch hunt” that has been launched against him since he won the presidency in 2016.
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A furious Donald Trump defended his “best properties in the world” and the success of his real estate company as he lashed out at a New York judge who rejected his bid to post $100 million bail in the fraud case.
The former president also defended his company, which he said was only being attacked for his political success as a Republican.
A New York appeals court threw out his attempt to post bail of just $100 million after his lawyers warned he might have to sell his assets to cover the full amount.
The 77-year-old has a financial lifeline if a merger between his Truth Social network and Digital World Acquisition Corporation goes through.
But you only have 17 days to pay the fine in full or come up with the cash to post bail.
“I did nothing wrong except build a successful and very liquid company, own some of the largest properties in the world, and defeat Hillary Rodham Clinton and the Democrats in the 2016 presidential election, an election that a Republican was not expected to win.” ‘Trump wrote on its Truth Social platform.
Former President Donald Trump expressed continued frustration Thursday night over his conviction in his civil fraud trial in New York that required him to post $453.2 million bail.
Trump only had 30 days from the date of the ruling, February 16, to pay the full amount or post bail.
Trump’s lawyers said Thursday that the former president would post $100 million bail, arguing that Trump’s company could not secure the full amount to pay the “exorbitant and punitive amount” imposed by the judge.
New York Attorney General Letitia James continues to mock Trump after the ruling and post updates about the fee increase on social media. The rate increases by $111,984 in interest per day.
James has even threatened to seize some of Trump’s buildings in New York City to pay the stiff fine.
“If you do not have the funds to pay the judgment, we will seek enforcement mechanisms in court and ask the judge to seize your assets,” he told ABC News last week.
The former president claimed he was being persecuted for his political success, saying he was “dominating” his Democratic opponent Joe Biden in the polls.
New York Attorney General Letitia James continues to mock Trump after the ruling and post updates about the fee increase on social media. The rate increases by $111,984 in interest per day.
A possible financial lifeline for the president is his proposal fusion between his Truth Social network and Digital World Acquisition Corporation, a deal that could be worth up to $4 billion if closed. The company is expected to vote on the merger with Trump media on March 22.
The former president claimed he was being persecuted for his political success, saying he was “dominating” his Democratic opponent Joe Biden in the polls.
“This is an armed attack on Joe Biden’s political opponent, unlike anything that has happened in American history,” he said, repeating that the entire case was a “political witch hunt.”
He warned that the unfair ruling would only encourage more companies to leave New York state, leading to its “destruction” as companies would leave by the “thousands.”
‘We will continue to appeal until justice prevails!’ Trump concluded.